Launches New & Improved Member App, the Final Rx Comparability Buying Device, Introduces Precision Couponing™
Closes Collection A Funding, Cements Strategic Partnerships with Business Heavy Hitters SingleCare®, RxMapper™, and Lightbeam
BOSTON, Jan. 25, 2023 /PRNewswire/ — Scripta Insights, a healthcare IT and knowledge analytics firm centered on decreasing prescription drug prices, is giving self-insured employers, well being plans and their members the knowledge and instruments they want in 2023 to make smarter shopping for selections round Rx advantages and prescriptions. This begins with the launch of a brand new and improved member app and well being profit that gives unprecedented transparency into drug pricing on the member’s well being plan, giving sufferers and their medical doctors more cost effective therapy choices to contemplate, with out compromising efficacy.
“With record-high inflation squeezing firms and customers, there’s a want, now greater than ever, for sensible options that empower the burgeoning healthcare consumerism motion within the U.S.,” stated Eric Levin, CEO, Scripta Insights. “At Scripta, we’re placing the affected person within the driver’s seat in relation to making selections concerning the medicines they take like by no means earlier than, permitting People to buy as intelligently and economically for prescribed drugs as they’ll for many different gadgets they purchase.”
New Comparability-Buying App Finds The Proper Meds at The Greatest Worth™
The Scripta member app was designed to make prescription buying simple. Members and dependents who’re eligible for the Scripta well being profit can examine each costs on their well being plan and cash-pay choices, select the place to fill, and consider all of the methods they’ll save by downloading the free app from the Apple App Retailer or Google Play Retailer. Scripta’s suggestions additionally contemplate plan financial savings, eliminating wasted spend.
Levin explains, “Till now, sufferers have been ignored of the prescribing course of and they should know they’ve decisions in relation to their prescriptions. Add to that, there’s usually a misperception that the drugs a health care provider prescribes is the one possibility, when, in truth, there are sometimes a number of therapeutic alternate options which are simply as efficient, if no more efficient, that will price much less. We can’t relaxation till we’ve lowered the stress on the pharmacy counter that’s burdening so many People.”
Scripta’s Customized Financial savings Stories are actually much more interactive and informative. Along with viewing lower-priced choices which are the identical or clinically equal to the meds they’re already taking, members can now study these alternate options with expanded drug profiles and academic movies, and get extra detailed subsequent steps on learn how to save.
Members also can search for new prescriptions whereas nonetheless at their physician’s workplace and see real-time pricing data, so that they know the fee earlier than they fill and might have higher knowledgeable discussions with their medical doctors in the course of the prescribing course of.
Eligible members can even obtain customized coupons, powered by SingleCare®, for his or her present medicines, in addition to alternate options that require a brand new prescription, with pricing at close by pharmacies.
Strategic Partnerships Add Product Innovation, New Clients
Precision Couponing™
Scripta has partnered with SingleCare, the free prescription financial savings service that gives customers quick and easy accessibility to constantly low costs on prescribed drugs, so as to add “Coupons” to its arsenal of greater than 30 Scripta Financial savings Methods. This permits members to save lots of as much as 80 % on their prescription medicines at 35,000 pharmacies nationwide, together with standard retail pharmacies and grocers like CVS, Walgreens, Walmart, Kroger, Albertsons, Safeway, Ceremony Help, Publix and Meijer.
“By including SingleCare’s prescription financial savings into Scripta’s drug suggestion engine, we’re capable of provide ‘Precision Couponing’ for the primary time, delivering members the precise cash-pay coupons for the precise med, on the proper pharmacy, on the proper time—each time,” stated Levin. “This isn’t your typical low cost card program. We layer SingleCare’s choices on high of current Scripta proprietary Financial savings Methods for much more financial savings, a robust mixture that may assist decrease members’ out-of-pocket prices and save the plan, so it is a win-win.”
Members can simply entry their coupons within the new Scripta member app. There, they’ll search by zip code to see the coupon value at taking part pharmacies handy to them. Coupons could also be particularly helpful to members earlier than they meet their deductible once they bear the total burden of Rx.
Customized Medicines Primarily based on DNA
In 2023, Scripta is rolling out a personalised medication program for choose purchasers. Scripta has partnered with RxMapper, a personalised medicine platform and telehealth seek the advice of follow developed in collaboration with Mayo Clinic. RxMapper sequences and analyzes a affected person’s DNA and makes use of these outcomes to determine which medication the affected person ought to and shouldn’t take primarily based on their DNA, leading to decrease prices and higher well being outcomes.
Forty-eight % of medicine prescribed are the incorrect drug or dose1 and the annual prices of not getting sufferers on the precise medicines is $528.4 million.2 The present trial and error method to the prescribing of medicines outcomes sick outcomes and is driving runaway drug prices.
The Scripta/RxMapper program presents high-acuity sufferers, who account for 50 to 65 % of complete drug spending, the chance to have their DNA sequenced. RxMapper’s customized medicine providers are designed to get sufferers on the precise drug and may help keep away from severe negative effects, regulate the dose of a present medicine or suggest a brand new medicine that’s more likely to be more practical primarily based on the affected person’s DNA. Layering RxMapper on high of Scripta’s unique financial savings database finds probably the most efficacious and cost-effective medicines for these members.
“Reasonably than a one-size-fits-all method, RxMapper’s cutting-edge know-how allows us to look at sufferers at a molecular stage and determine medicines which are more likely to be protected and efficient primarily based on their DNA,” stated Jim Miller, co-founder and CEO of RxMapper. “We’re excited to companion with Scripta Insights to assist sufferers get on the precise medicines, straight away, in order that they’ll lead more healthy, happier, and extra productive lives.”
Introducing Lightbeam Rx™ Insights powered by Scripta
Scripta has additionally partnered with Lightbeam Well being Options, the chief in inhabitants well being administration options and providers, a CB Insights’ 2022 Digital Well being 150 firm. Scripta is powering Lightbeam Rx Insights, an revolutionary pharmacy price containment program obtainable to its ACOs, payers, supplier teams, well being techniques, self-insured purchasers, and their 40+ million affected person lives.
“At Lightbeam, our mission is to offer options that assist enhance high quality of care and subsequently the standard of life, a mission we share with Scripta Insights,” stated Pat Cline, Chief Government Officer at Lightbeam Well being Options. “By including Scripta’s proprietary pharmacy knowledge and insights to our healthcare analytics platform, we will present purchasers with enhanced steerage to make sure sufferers get the precise care on the proper time and now with The Proper Meds at The Greatest Worth™.”
Scripta has doubled its buyer depend yr over yr, and helps a variety of purchasers, from self-insured SMEs to the Fortune 500, along with strategic partnerships with Healthcare Bluebook (powering Bluebook Rx) and Lightbeam, giving the corporate entry to an addressable market of tens of thousands and thousands of member lives.
Scripta additionally has go-to-market partnerships with 5 of the highest seven U.S. advantages brokers who’ve chosen Scripta as their most well-liked pharmacy cost-containment answer, together with McGriff, a subsidiary of Truist Insurance coverage Holdings, Inc. and full-service insurance coverage dealer.
Scripta, based in 2019, has seen severe traction in just some brief years and the funding neighborhood has taken discover. In 2022, Scripta closed Collection A funding led by Eastside Companions, bringing their complete pre-seed and Collection A funding to greater than $25 million, guaranteeing Scripta has the capital in place to assist its speedy progress trajectory. Traders additionally embrace Pillar VC, Contour Enterprise Companions, Nice Bay Capital Companions, and CEAS Investments.
About Scripta Insights
Scripta Insights, an organization based by medical doctors, is utilizing know-how to create transparency to disrupt and enhance the $300B pharmacy advantages market. Scripta is a healthcare, cloud-based IT answer that delivers instant actual financial savings on pharmacy profit prices for self-insured employers, payers and their members. It empowers firms to take management of their pharmacy spend, whereas serving to members get The Proper Meds on the Greatest Worth™.
Scripta’s proprietary software program engine, Script.AI, was developed over a decade and is designed to investigate thousands and thousands of pharmacy transactions in mere seconds to yield actionable insights. It makes use of knowledge analytics, AI and skilled insights from its P&T Committee to acknowledge financial savings alternatives that, till now, have been inconceivable to determine. Scripta has saved plans and members tens of thousands and thousands of {dollars} on prescriptions by way of PBM Vendor Optimization, Information-driven Plan Design and Member Financial savings Advantages.
For extra details about Scripta, go to www.scriptainsights.com and comply with us on LinkedIn.
CONTACT: Linda Krebs, LKPR, Inc. | [email protected] | 646-824-5186
[1] Spear, B.B., M. Heath-Chiozzi, and J. Huff, Medical utility of pharmacogenetics. Traits Mol Med, 2001. 7(5): p. 201-4.
[2] Watanabe, J.H., T. McInnis, and J.D. Hirsch, Price of Prescription Drug-Associated Morbidity and Mortality. Ann Pharmacother, 2018. 52(9): p. 829-837.
SOURCE Scripta Insights
