Transcarent Selects Prescryptive Health to Power a New, Different and Better Integrated Pharmacy Experience
Partnership will offer a comprehensive and transparent experience for Transcarent Members
Palo Alto, CA and Redmond, WA – November 3, 2022 – Transcarent, a new, different and better health and care experience company that puts people back in charge of their care and aligns with the companies who pay for care and Prescryptive Health, a healthcare technology company on a mission to rewrite the script for the U.S. pharmaceutical market, announced today a partnership to provide the industry’s most immersive, intelligent, and individualized pharmacy care experience.
Transcarent Pharmacy Care empowers Transcarent Members and their families with an entirely different consumer-directed experience that truly transforms their health and care journey and provides, for the first time, employers and health systems with maximum control over their formulary, benefit designs, and data. This new-to-market solution will address the confusing, complex, and costly process that exists today for Members by offering easy-to-understand price transparency tools, 24/7 clinical support, and guidance while addressing virtually all of their other health and care needs.
“The current fragmented healthcare system is not designed for consumers’ needs to get transparent information, trusted guidance and easy access to care on their terms,” said Glen Tullman, Chief Executive Officer of Transcarent. “The push for transparency and accessibility must extend to the pharmacy. Transcarent is partnering with Prescryptive to create a transparent, connected care experience that aligns with our mission to break down healthcare silos and empower our Members on their health and care journey.”
"The U.S. pharmacy ecosystem is fundamentally broken, costing patients and employers hundreds of billions of dollars each year, while blocking providers and pharmacists from doing what they do best – caring for their patients,” said Chris Blackley, CEO of Prescryptive Health. “The future of healthcare and pharmacy will be defined by engaging and empowering healthcare consumers starting at the point of care and continuously throughout their care journey to eliminate these market distortions.”
Prescryptive’s prescription intelligence platform will power a new kind of pharmacy experience for Transcarent’s millions of Members with transparent pricing, 100% pass-through of manufacturer rebates, no spread pricing, and access to Prescryptive’s national network of more than 60,000 retail, home delivery and specialty pharmacies. Through the partnership, Transcarent Pharmacy Care Members will be able to shop for their own prescriptions for the first time with a digital prescription. Consumers can simply tap to view real-time price data, select a pharmacy to fill their medication or a home delivery option, know the price they will pay, and make more informed decisions.
In a recent pharmacy study by Prescryptive, 90% of consumers said they would appreciate knowing the price of medication before they arrive at the pharmacy, and 73% said they would be more likely to talk to their doctor about lower-cost alternatives if they knew the price in advance.
“Filling a prescription should be transparent and seamless. We want our Members to have power over their own health experience and be more engaged with their care,” said Snezana Mahon, Pharm.D., Transcarent’s Chief Operating Officer. “By partnering with Prescryptive, Transcarent also gives employers and health systems a valuable tool, a fully transparent and integrated offering, to act in the best interest of their employees and patients. This is fundamentally different and better than any other solution in the marketplace today.”
Employers and health systems could realize up to 40% savings and can find out more about Transcarent Pharmacy Care here.