Business
GoodRx Named One of the 2024 TIME100 Most Influential Companies
GoodRx honored for creating new ways to deliver significant savings on prescription medications SANTA MONICA, Calif.--(BUSINESS WIRE)-- Today, GoodRx
About this update from Goodrx Holdings, Inc.
[{"type":"text","content":"\nGoodRx honored for creating new ways to deliver significant savings on prescription medications\n\n\n SANTA MONICA, Calif.--(BUSINESS WIRE)--\nToday, GoodRx (Nasdaq: GDRX), the leading destination for prescription savings in the U.S., was named to the fourth-annual TIME100 Most Influential Companies list, which highlights companies making an extraordinary impact around the world. This is the second time GoodRx has received this honor for helping Americans get the medications they need at a price they can afford.\n\n\n“We are thrilled to be recognized for our work to reduce the cost of prescription medications for consumers, and the impact we’ve had on creating healthier people and communities,\" said Scott Wagner, Interim CEO of GoodRx. \"It would be easy to claim that rising healthcare costs are an insurmountable challenge, but the reality is that change is possible. Through innovations that can benefit stakeholders across the healthcare ecosystem, we are helping realign the industry around a shared goal: helping people afford and access their prescription medications.”\n\n\nOver the last year, GoodRx created new ways to get more affordable prescriptions into the hands of consumers by integrating GoodRx savings with insurance benefits, contracting directly with pharmacies to reduce the price of prescriptions, and working with pharmaceutical manufacturers to expand the accessibility of brand medications. As a result, the company saved consumers approximately $15 billion in 2023 alone compared to pharmacy retail price.\n\n\nThe savings created by GoodRx each year can amount to significant impact over time. Since its founding in 2011, GoodRx has helped users obtain at least 184 million prescriptions they otherwise may not have been able to afford, based on internal estimates. By helping people access and stay on their prescribed medications, GoodRx has helped save the healthcare system more than $5 billion in preventable ER visits and hospitalizations, based on internal estimates.\n\n\nTo assemble the list, TIME solicited nominations across sectors, and polled its global network of contributors and correspondents, as well as outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 100 businesses helping chart an essential path forward,...