{"id":3555,"date":"2023-01-24T13:16:13","date_gmt":"2023-01-24T13:16:13","guid":{"rendered":"https:\/\/regtechafrica.com\/healthcare\/?p=3555"},"modified":"2023-01-24T13:16:13","modified_gmt":"2023-01-24T13:16:13","slug":"global-optum-rx-launches-tool-that-compares-prescription-drug-prices","status":"publish","type":"post","link":"https:\/\/regtechafrica.com\/healthcare\/global-optum-rx-launches-tool-that-compares-prescription-drug-prices\/","title":{"rendered":"Global: Optum Rx Launches Tool That Compares Prescription Drug Prices"},"content":{"rendered":"

Optum Rx<\/a> has launched a tool that gives members the best price on prescription drugs.<\/p>\n

The new Price Edge tool from Optum Rx, which is the pharmacy services company of UnitedHealth Group<\/a>, compares direct-to-consumer pricing with insurance pricing, Optum Rx said in a Monday (January 23, 2022) press release<\/a>.<\/p>\n

\u201cProviding people affordable access to prescription drugs is at the heart of everything we do, and Price Edge ensures our members get the best price and peace of mind that their medications count toward out-of-pocket spending,\u201d Jon Mahrt<\/a>, chief operating officer and pharmacy benefits manager president at Optum Rx, said in the release.<\/p>\n

Healthcare is joining the long list of industries in which the economy\u2019s digital shift has taken hold and that consumers are eagerly gravitating toward the products and services that increase convenience and help them access services and treatment.<\/span><\/p>\n

For example, 91% of consumers who encountered problems using their healthcare services or insurance benefits are at least somewhat interested in using a unified digital platform for managing their healthcare needs, and 72% want a platform that helps them arrange financing options for their medical bills, according to \u201cHealthcare in the Digital Age,\u201d a PYMNTS and Lynx<\/a> collaboration.<\/p>\n

\u201cYou don\u2019t necessarily have this embedded FinTech approach in healthcare that enables me to manage my healthcare spending account next to searching if my doctor is in-network next to when it\u2019s appropriate to pay my medical bill,\u201d Lynx Co-Founder and CEO Matt Renfro<\/a> told Karen Webster in an interview posted in December 2022. \u201cIt\u2019s all disconnected vendors, white label systems, single sign-on, and that\u2019s really what we\u2019re equipped to fix.\u201d<\/p>\n

In addition to comparing prices and counting transactions toward the member\u2019s deductible and out-of-pocket maximum, Optum Rx\u2019s Price Edge tool is provided to plan sponsors with no additional administrative fees, is accessible to members within the plan at no cost and maintains continuity of safety protocols, according to the press release.<\/p>\n

\u201cWe will continue to empower clients and consumers with innovative solutions that simplify pharmacy benefits, make pricing more transparent and ensure cost savings are easily accessible,\u201d Mahrt said in the release.<\/p>\n

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Optum Rx has launched a tool that gives members the best price on prescription drugs. The new Price Edge tool from Optum Rx, which is the pharmacy services company of…<\/p>\n","protected":false},"author":1,"featured_media":3556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[73,80],"tags":[],"class_list":["post-3555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/regtechafrica.com\/healthcare\/wp-content\/uploads\/2023\/01\/AD5AAFD4-2A7A-4B50-90EC-36CB76649096.jpeg?fit=739%2C415&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/comments?post=3555"}],"version-history":[{"count":1,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3555\/revisions"}],"predecessor-version":[{"id":3557,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3555\/revisions\/3557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media\/3556"}],"wp:attachment":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media?parent=3555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/categories?post=3555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/tags?post=3555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}