Question: What Company Owns GoodRx?

Is GoodRx a publicly traded company?

GoodRx, a company that finds users prescription drugs at a discount, made its public debut Wednesday.

The stock began trading at $46 per share, up from its IPO price of $33 per share.

The company has been consistently profitable since 2016..

Who pays for GoodRx discount?

When you use a GoodRx coupon or discount, you’re choosing to pay the cash price rather than the insurance price for your medication. Payments with GoodRx are considered “out-of-network” expenses. Some insurers may reimburse you for this cost or apply your payment against your deductible.

What’s the catch with GoodRx?

GoodRx takes huge fees from pharmacies in order to capture the uninsured market AND encourages patients not to use their own insurance so they don’t have to pay the pharmacies. Typically, the pharmacies lose money on these transactions.

Who is the CEO of GoodRx?

Doug Hirsch (2011–)GoodRx/CEO

How do you use GoodRx at Walmart?

Using GoodRx at Walmart or Sam’s Club? Please ReadDownload the GoodRx app (coupons inside—just show your phone to your pharmacist)!Go to www.goodrx.com on your phone or computer to print, email or text a new coupon.

Does GoodRx cost anything?

GoodRx is free for consumers, and we do not require that you create an account to search for prices and receive discounts. We make money from advertisements on our site and referral fees.

Do pharmacies lose money with GoodRx?

They absolutely lose money with GoodRx which is why most non-chain pharmacies won’t accept it. … GoodRx has a contract with pharmacies so they will use their discount cards instead of insurance or cash pay. The managers of said pharmacies also offer their pharmacists and techs a monetary incentive to do this as well.

Who is GoodRx owned by?

Silver Lake currently owns 35.3% of GoodRx through its previous private equity investment into the company in 2018. The additional $100 million in capital will help the fund build up its position as GoodRx enters the public markets.

How do pharmacies get paid by GoodRx?

GoodRx offers people without health insurance, or with high-deductible plans, a way to shop for drugs at lower prices. The company makes its money when consumers use its drug discount cards at pharmacies. It does that through its relationships with the top pharmacy chains and pharmacy benefits managers.

Is GoodRx licensed by the FDA?

GoodRx lists virtually all FDA-approved prescription medications, including brand-name and generic drugs; we even list vaccines! GoodRx cards and coupons never expire and can be used as often as necessary. Over 325,000 professionals recommend GoodRx to educate and empower their patients.

Is GoodRx a good investment?

GoodRx isn’t a buy right now There’s a lot to like about GoodRx, but unfortunately, its high valuation makes the stock too expensive to own today. The markets as a whole are overpriced, and GoodRx isn’t an exception.

Why is GoodRx so much cheaper?

GoodRx gathers prices from many places, including partnerships with a number of PBMs. In addition to providing discounted prices for insured customers, the PBMs also include in their negotiations a slightly less-discounted price for cash-paying patients who present with a GoodRx card or coupon.