Costco Partners with TranspareRx’s Cuverd™ Platform
Costco Seeks to Streamline Members’ Enrollment into Manufacturers’ Copay Savings Programs
TranspareRx Corporation, the leading healthcare technology company that is revolutionizing how all Americans save on their prescriptions with Cuverd™, invites Costco’s selected pharmaceutical brands to integrate their copay programs right into Costco pharmacies to enroll and engage more patients.
Costco, through Cuverd’s next-generation Rx savings technology, will enable POS alerts to their pharmacists and staff of prescription savings to those eligible members who can reduce their copay costs when filling any of the selected brands integrated within the Cuverd platform. From there, Costco’s pharmacists and staff will streamline the enrollment and apply these savings right at the pharmacy. Members will also have access to the Costco-Cuverd app and website.
Costco’s implementation of Cuverd’s technology and the investment in pharmacist’s additional time is based on determining millions of dollars in monthly out-of-pocket savings can be achieved by enrolling the vast majority of members who are not even aware these available programs exist, nor are getting these copay discounts applied to help them start and stay on their therapies longer to improve their health outcomes. This, in turn, provides a unique opportunity for participating pharmaceutical brands to scale up enrollments into each respective copay adherence program within Costco’s large multi-million membership base which visit Costco pharmacies each month.
“We are excited to be partnering with Costco to help their members save on their rising copays and look forward to completing the integration of their initially selected brands’ copay savings programs in this upcoming national launch,” stated Neil Bajaj, president of TranspareRx. “It is astonishing that less than 5% of eligible patients enroll in these programs today. “With the additional launch of Cuverd’s app and website, all patients will have a powerful new tool right in their hands that automates their prescription coverage and eligible savings to get the lowest out-of-pocket costs for the medications they need.”
For more information about integrating your brand’s copay and access programs into Cuverd for this launch, please email jbidigare@transparerx.com to learn more.