Boston startup signs up millions for lower prescription drug costs

Forbes

12 August 2019 - Ever had that uneasy feeling at the pharmacy counter when you’re not sure if a prescription drug is covered, and if it is covered, how much it’s going to cost?

It’s yet another of the joys of navigating the American health care system, and it’s an experience that SingleCare CEO Rick Bates is familiar with. SingleCare was started by Bates and a couple of silent partners in 2015 to bring transparency to the prescription drug market place.

“I had a number of personal challenges with my own family, not knowing what was covered and what drugs cost until I got to the counter, and my executive team shared in those experiences,” Bates said. “Our own insight into the industry enabled us to think through a better model.”

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Michael Wonder

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Michael Wonder

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Medicine , US , Pricing , Affordability