prescription-drugs
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The Pharmacy Middleman Who Put His Fee on the Table
SmithRx makes its money from an administrative fee, then goes looking for cheaper drugs. In a business famous for invisible margins, that small change alters what the middleman is paid to do.
Truveris
Truveris is a healthcare technology company that helps employers, benefits consultants and plan sponsors buy and oversee pharmacy benefits. Founded in 2009 and based in Wilmington, Delaware, it runs a competitive procurement marketplace connecting buyers with 60-plus pharmacy benefit managers, analyzes 100% of pharmacy claims to police PBM contract performance, and layers on independent audits and member engagement tools. The company says clients typically see roughly 20% improvement on pharmacy contract costs.
Geoffrey Chaiken
Geoffrey Chaiken is the co-founder and CEO of BlinkRx (Blink Health), a New York-based digital health company rebuilding how prescription drugs get priced, paid for, and delivered. The son and grandson of physicians, he gave up a career in medicine to attack what he calls the real bottleneck in healthcare - not discovering new cures, but getting existing ones into patients' hands at a fair price. With his younger brother Matthew, he has raised more than half a billion dollars to digitize both the patient front end and the pharmaceutical industry's back end, partnering with drug makers and tens of thousands of pharmacies to strip middlemen out of the medication supply chain.