Founded in 2022 by a team of healthcare entrepreneurs, PlaidRx aims to provide safe and affordable brand-name maintenance medications at a reduced cost to those in need.
PlaidRx achieves cost savings through the "Single Payer Healthcare" model, where governments negotiate pricing with pharmaceutical suppliers to ensure the lowest possible cost. The source countries of PlaidRx employ this model, in contrast to the United States, where pharmaceutical providers set their own prices, often resulting in higher costs.Additionally, PlaidRx leverages prices set forth by HRSA and made available through accredited US hospitals programs.
Savings for customers typically range from 30% to 60% off the local retail price of approved brand-name maintenance medications. For a personalized program savings analysis, interested parties can contact CostSavings@PlaidRx.com
Medications are directly shipped from licensed and regulated pharmacies across the US and from Canada, a Tier 1 country. These products are government-certified and originate from federally approved facilities, all delivered in the manufacturers' original sealed packaging.
PlaidRx provides comprehensive general and professional liability insurance, extending coverage to the plan holder and including cyber insurance.
The PlaidRx price is all-inclusive, with no additional charges such as onboarding, electronic transaction fees, or per-member, per-month administration costs.
The program's formulary includes over 2,000 widely used, brand-name maintenance medications. Additional details can be obtained by contacting CostSavings@PlaidRx.com.
For the safety of members, PlaidRx excludes certain types of medications, including controlled substances (narcotics) and those requiring refrigeration. For a comprehensive list of excluded medications and the reasons behind the exclusions, individuals can contact PlaidRx directly.
Participants in the program are not charged copays. The significant savings generated by the program allow plan holders to offer it at no charge to members, fostering widespread adoption and creating a mutually beneficial scenario.
Interested parties can initiate the process by contacting CostSavings@PlaidRx.com to collaborate with skilled implementation specialists in designing their custom program.