Overview

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 earns revenue through referral fees from pharmacies when users redeem coupons, and it also offers a subscription service called GoodRx Gold for additional savings. Unlike many competitors, GoodRx focuses on transparency and user privacy, ensuring that personal data is protected. The company's goal is to make healthcare more affordable and accessible for everyone.

Simplify's Take

What believers are saying

• GoodRx's e-commerce platform simplifies the prescription purchasing process.
• Partnerships with Hy-Vee enhance online prescription shopping experience.
• GoodRx's participation in NCPDP's Elite Partner Program advances healthcare standards.

What critics are saying

• Increased competition from other e-commerce platforms threatens GoodRx's market share.
• Pharmacy deserts limit GoodRx's ability to serve customers effectively.
• Logistical challenges in e-commerce platform may impact customer satisfaction.

What makes GoodRx unique

• GoodRx offers a unique e-commerce platform for prescription medications.
• Partnerships with over 70,000 pharmacies enhance GoodRx's market reach.
• GoodRx Gold subscription provides deeper discounts, differentiating it from competitors.

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Funding

Total Funding

$1201.5M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

SV AngelFounders Fund

Notable Investors:

SV AngelFounders Fund

$1,140,000,000

IPO

Sep 2020

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