RxUtility Blog

Health Tech Talk Show – Making Prescription Savings More Accessible

Written by RxUtility | Oct 14, 2024 5:12:46 PM

The Health Tech Talk Show brought together healthcare leaders for an insightful discussion on how AI, data, and digital solutions can unlock billions in savings for patients. The conversation highlighted the untapped potential of copay coupons—a tool that could save patients up to $10 billion a year but is currently underutilized.

The Problem: Billions in Savings Left Untapped
Despite the availability of copay coupons for over 1,200 medications, only 20% of these savings are being used. Why? Lack of awareness and inefficient distribution. Many patients don’t even know these savings exist, and there’s no easy way to access them during critical moments—like at the pharmacy counter or during a doctor’s visit.

The conversation emphasized the need for seamless integration of copay coupons into e-prescribing systems and pharmacy workflows to ensure that patients can easily activate their savings.

AI-Powered Solutions for Better Workflows
A key theme was the importance of leveraging AI and automation to improve healthcare delivery. RxUtility is pioneering solutions that integrate copay data directly into healthcare IT systems, ensuring that savings are accessible without disrupting existing workflows.

Whether it’s at the point of prescription, during discharge, or post-treatment, the goal is to make copay savings available at every step of the patient journey.

Collaboration Across the Ecosystem
The episode also underscored the importance of collaboration among healthcare providers, pharmacies, employers, and innovators. Participants agreed that data transparency and better workflows are essential to delivering affordable care. The right partnerships can unlock real savings for patients—reducing medication abandonment and improving health outcomes.

Conclusion: The Time to Act is Now
The Health Tech Talk Show episode made one thing clear: We have the tools to make healthcare more affordable. Copay savings represent a massive opportunity to reduce out-of-pocket costs—and now is the time to take action. RxUtility’s innovative approach, powered by AI and data integration, ensures these savings are within reach for all patients.