Company: RxSense, Boston, MA
Nomination Submitted by: Moxie Communications Group
Company Description: RxSense is a high-growth health-tech company empowering clients and consumers with technology to access lower-cost prescription drugs. Its SaaS solutions serve pharmacy ecosystem partners and powers its direct-to-consumer service, SingleCare, that helps millions of consumers save up to 80% on over 10,000 medications and commands the #2 market position in the prescription discount space.
Nomination Category: New Product & Service Categories
Nomination Sub Category: Health & Pharmaceuticals - Product
 Nomination Title: Walgreens and RxSense Rx Savings Finder
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
November 30, 2023
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 308 words used.
As consumers nationwide continue to struggle with the cost of prescription drugs – Americans spend $1,300 annually on their medications, more than any other country in the world – RxSense announced its collaboration with Walgreens to launch RxSavings Finder, a new digital marketplace for consumers to access lower prices on thousands of prescription medications at Walgreens pharmacies nationwide. Through the new Rx Savings Finder, powered by RxSense, Walgreens customers can now conveniently compare prices available through a variety of free prescription discount cards to access savings. To use the finder tool, customers just need to type their prescription into a search bar and then click on the lowest cost coupon available. From there, they can either text, email or print it, or show the card from their phone to their local Walgreens pharmacist for immediate savings of up to 80% off the retail price of prescriptions.
When RxSense developed the marketplace product with Walgreens, RxSense always had the end user in mind. It was designed for ease of use, so the RxSense team developed the tool to be available in both English and Spanish as well as ADA compliant. Also, in order to avoid friction at the pharmacy, the API integrations with the participating partners provides prescription discount prices in real-time. Not only does the tool benefit consumers, but it also lightens the workload for pharmacy staff.
With as many as 18 million Americans unable to afford their medications, this free tool will bring meaningful financial relief to help people with access to and adherence to their medications. “RxSense is focused on delivering technology solutions to the market that offer price transparency and lower drug costs to our partners and their patients, and this new website will empower more consumers with access to deeper discounts on their medications,” said Rick Bates, founder and CEO of RxSense.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 33 words used.
During an 11-month pilot program, Walgreens and RxSense's new program saved patients almost $70 million on their prescriptions using the Rx Savings Finder when compared to the cash price, according to Walgreens executives.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 25 words used.
RxSense press release: https://www.businesswire.com/news/home/20231130895945/en/Walgreens-Taps-RxSense-to-Power-%E2%80%9CRx-Savings-Finder%E2%80%9D-a-New-Digital-Marketplace-for-Prescription-Discounts
Walgreens press release: https://www.walgreensbootsalliance.com/news-media/press-releases/2023/walgreens-launches-rx-savings-finder-help-patients-save-prescription
Fierce Healthcare: https://www.fiercehealthcare.com/health-tech/walgreens-rolls-out-rx-savings-finder-tool-prescription-drug-discounts-pharmacy
Vator News: https://vator.tv/news/2023-11-30-walgreens-and-rxsense-partner-on-a-tool-for-lower-drug-prices
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