Founded in 2009 and based in Santa Monica, GoodRx is a health technology company that has been profitable since 2013 and the sudden outbreak of the new crown epidemic has seen its results soar in the first half of 2020. GoodRx is a company that operates on a pharmaceutical price comparison O2O model in order to help consumers find cheaper prescription drugs. There are some so-called profitable industries in our life, and the reason for the profiteering is not only channel monopoly and price control, but also the opaqueness of the industry. For example, in the drug industry, especially prescription drugs, consumers basically have no concept of price. GoodRx is a price comparison service that increases the transparency of prescription drug purchases, and is now a unicorn company that may change the ecology of the U.S. pharmaceutical supply chain.
GoodRx offers discount cards and coupons to consumers, allowing them to buy drugs at lower prices. It was a first mover into the space, but now has six competitors, including Singlecare and RxSaver. In the booming health technology space, many companies are catering to the health needs of consumers, especially the wealthy. GoodRx, however, has taken a different approach, marketing its services to the 28 million uninsured Americans and those on high-deductible plans.
GoodRx business model includes a Web version and a free iPhone App that gives you a list of prices from local pharmacies by entering your prescription drugs and location. The White House has been trying to give millions of uninsured Americans some access to health care, but many insurances cover only a fraction of the cost of prescription drugs, in addition to the many people who have to pay for all their medical expenses out of pocket. For these people who can't afford their medications, GoodRx can help them save some of that money when it comes time to buy them.
On Google Play, the app has received a rating of 4.8 stars out of 5 together with 258k ratings. It has been downloaded over ten million times. On App Store, the app has received a rating of 4.8 stars out of 5 together with 611.8K ratings.
The app has updated to the version along with some new features added on Sep 20, 2022. There are also some bug fixes and improved performance.
GoodRx is a medical app, you can get free prescription drug discounts, search for discounted pharmacy prices, mobile coupons, professional, affordable virtual care and more with GoodRx!
1. Prescription Tracker: Create your own prescription list and save reminders for favorite pharmacies and supplements.
2. Hundreds of doctors and clinics use GoodRx prescription discounts to help patients save money.
3. Free and easy-to-use coupons: Simply present your free coupon to the pharmacist when you place your order and save!
4. Find the lowest price: The GoodRx price comparison feature can show you which pharmacies have medications for less than $4, and some pharmacies have certain prescriptions for free.
5. Featured in the New York Times, PBS, ABC News, Forbes, CNN, Good Morning America, Los Angeles Times, and more!
The main threat to GoodRx is the refusal of pharmacies to honor coupons