GoodRx

GoodRx

Provides prescription drug price comparisons and discounts

About

GoodRx helps people save money on prescription medications by providing access to discounts and coupons. Users can search for their prescribed drugs on the GoodRx website or app, compare prices at various pharmacies, and obtain coupons to use at the pharmacy for lower prices. This service is available at over 70,000 pharmacies across the United States. GoodRx stands out from competitors by focusing on transparency and user privacy, while also offering a subscription service called GoodRx Gold for even greater savings. The company's goal is to make healthcare more affordable and accessible for everyone, especially those who are uninsured or facing high out-of-pocket costs.

Company Stage

IPO

Employees

1,001-5,000

Industries

Biotechnology, Healthcare

Total Funding

$59.8M

Headquarters

Santa Monica, California

Founded

2005


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Simplify's Take

What believers are saying

  • GoodRx's user base grew with an 8% increase in monthly active consumers.
  • The partnership with Affirm enhances financial flexibility for consumers.
  • The launch of a DTC platform with Opill expands GoodRx's market reach.

What critics are saying

  • Subscription revenue declined due to the end of the Kroger Savings Club partnership.
  • The BNPL option may expose GoodRx to consumer credit default risks.
  • Intensifying competition in eCommerce medication platforms threatens GoodRx's market share.

What makes GoodRx unique

  • GoodRx offers prescription discounts at over 70,000 U.S. pharmacies.
  • The company provides a unique BNPL option for prescription payments.
  • GoodRx partners with ARS for discounted needle-free allergy treatment.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

16%

2 year growth

25%

Benefits

Medical, dental, and vision insurance

401(k) with a company match

ESPP

Unlimited vacation

"Take care of yourself" days

11 paid holidays

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