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Prescryptive Health is a healthcare technology company focused on making the U.S. pharmaceutical market more transparent and equitable by connecting patients, prescribers, pharmacies, payers, and manufacturers. Its AI-driven platform helps community pharmacies set competitive cash prices and provides pricing insights to improve profitability. Revenue comes from subscription fees for the platform and related services, driven by its AI-powered prescription pricing capabilities. The goal is to create fairer, more open pharmaceutical pricing while supporting better health outcomes and stronger profitability for its partners.
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$26M
Headquarters
Redmond, Washington
Founded
2017
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Total Funding
$26M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Paid Vacation
Paid Holidays
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Stock Options
Prescryptive and Ilant Health partner to deliver transparent pricing and clinical Excellence. Access is the new standard - and with partners like Ilant Health, Prescryptive is delivering it. Its collaboration to expand Employer-Direct access to obesity care and transparent GLP-1 pricing is gaining attention in the media with a recent piece in HIT Consultant. This collaboration pairs its platform's flexible, employer-direct access capabilities with Ilant Health's Center of Excellence approach to structured clinical pathways, lifestyle support, and personalized care. The result? Employers can now offer GLP-1 therapies and obesity care with measurable outcomes, including strong retention and significant weight loss among participants. HIT Consultant highlights the key elements of this program, including: * Direct access marketplace & transparent pricing, enabling net pricing and predictable economics. * Configurable employer benefit design tailored to workforce needs. * Clinically governed programs backed by Ilant's nationwide clinical expertise. Prescryptive Health, Inc. is proud to see employer-direct access gaining traction in the healthcare conversation - especially in the rapidly evolving GLP-1 landscape. When you're ready to implement a GLP-1 program that works for you and your employees, reach out.
NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing. by Fred Pennic 05/02/2024 Leave a Comment. What You Should Know:– Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association’s (NCPA) renewed endorsement of Prescryptive AI Pricing. – Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive edge.NCPA Recognizes Value of AI for PharmaciesNCPA first recommended Prescryptive AI Pricing in 2022, acknowledging its potential to revolutionize cash pricing strategies for independent pharmacies. This renewed endorsement underscores NCPA’s ongoing commitment to supporting its members with innovative solutions.Data-Driven Profitability: AI Delivers ResultsPrescryptive Health recently released compelling data highlighting the significant profitability improvements pharmacies experience with Prescryptive AI Pricing. Their analysis revealed an impressive gross profit margin of nearly 54% in 2023 for pharmacies utilizing the solution.Independent Pharmacies in a Cash-Driven LandscapeThe rise of high-deductible health plans has led to a significant increase in cash-paying customers at pharmacies
Olig joins after nearly two decades at Prime Therapeutics, where he led commercial and government markets and worked with health plan clients.REDMOND, Wash., Sept. 20, 2023 /PRNewswire/ -- Prescryptive Health, a healthcare technology company on a mission to rewrite the script for the U.S. pharmaceutical market, today announced Cameron Olig has joined the company as Chief Commercial Officer. Olig was SVP of Commercial and Government Markets at Prime Therapeutics, where he spent 17 years leading the sales and account management teams to help grow the pharmacy benefit management company to over $30 billion drug spend managed."I'm excited for Cam to join us in our mission to rewrite the script," said Chris Blackley, Prescryptive's CEO and co-founder. "His extensive experience in aggressive go-to-market strategies will create the next evolution of our growth as we continue to change the healthcare space with a network that's built for better outcomes.""I look forward to this opportunity to create a more efficient drug marketplace," said Olig. "I'm impressed with Prescryptive's ability to bring together stakeholders on a common infrastructure that puts transparency and patient care at the center."Olig brings more than 30 years of experience to the role with expertise in working with health plan clients
EPIC Rx has partnered with Prescyrptive, a pricing engine driven by artificial intelligence that offers competitive pricing for patients while preserving pharmacy profitability.
The newly renamed platform, built by Prescryptive's in-house pharmacists, offers cash pricing for prescriptions using a proprietary artificial intelligence engine with expanded reporting features.REDMOND, Wash., March 21, 2023 /PRNewswire/ -- Prescryptive Health, a healthcare technology company on a mission to rewrite the script for the U.S. prescription market, announced today a new enhancement for community pharmacists as part of the company's innovative AI-pricing product. Pharmacists who work with Prescryptive will now have access to pricing reports, customizable profit goals, and pricing feedback, offering an in-depth look at how their pharmacy is performing with actionable insights based on Prescryptive's artificial intelligence product.Prescryptive's recent Pharmacy Insights Report found that 42% of pharmacy owners/managers spend more time reviewing prices than they did two years ago. The new Prescryptive AI reports allow pharmacies to quickly see key performance indicators for revenue, saving precious time that can be better spent on patient care while increasing profitability of these essential frontline workers through Prescryptive's proprietary AI pricing engine.The new features run on PrescryptivePRO (formerly called myRx PRO), a secure, HIPAA-compliant platform that empowers pharmacies to be more competitive and profitable through AI Pricing for cash-paying customers.In September, the National Community Pharmacists Association (NCPA) partnered with Prescryptive to recommend the AI Pricing product to its members, helping to make independent pharmacies immediately more competitive by giving them access to cash pricing optimization driven by Prescryptive's AI."Prescryptive is proud to bring pharmacists this technology with the enhancement of actionable business insights," said Paige Clark, VP Pharmacy Programs and Policy at Prescryptive Health. "We are empowering these entrepreneurial business owners and critical healthcare providers with accurate, timely pricing services to help them position themselves for the future."Learn more about Prescryptive AI Pricing at Prescryptive.com.About Prescryptive HealthPrescryptive Health is a healthcare technology company rewriting the script for the US pharmaceutical market. We are building a more equitable and transparent ecosystem that connects patients, prescribers, pharmacies, payers, and pharma manufacturers, empowering consumers to take ownership of their prescriptions
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Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$26M
Headquarters
Redmond, Washington
Founded
2017
Find jobs on Simplify and start your career today