BLUFFTON, SC, June 14, 2021 /PRNewswire/ — Famulus Health is excited to announce the launch of a new app that makes it easier, faster, and easier to save money on prescriptions at the pharmacy.
In addition to saving 80% on drug costs over the counter, using cash pricing reduces pharmacy spending by 10-15% for health plans and employers.
Employer groups and other organizations can customize the app to provide the lowest possible drug prices to their members and track cash transaction data.
Insured people often pay up to 5 to 10 times more for prescription drugs than the cash price, which people without coverage pay out of pocket. Copays are higher than the cash price for the same drug about 25% of the time.
“It’s such a shame that it’s been so difficult for people to get the lowest price on the prescriptions they need,” says Mike Szwajkos, Founder and CEO of Famulus Health. “Three in 10 Americans are not taking the medications they need because of the cost. It’s time to change that.”
Unlike many apps tied to a single spot price network, the Famulus app is configured to use the spot price network that most closely aligns with an organization’s usage data and results in The lowest prices.
Members see their organization’s branding when they use the Famulus app to find the lowest possible price for a prescription drug in their area in seconds. The Famulus app also allows employer groups to track their members’ anonymized spot price transactions through the app.
There is no cost to use the Famulus app for individuals or organizations. In addition to health plans and employer groups, other organizations such as chambers of commerce, trade associations and more can also offer a personalized spot price network through the Famulus app as benefit to their members. Consumers who do not belong to a Famulus partner organization can also use the app.
The Famulus app is available for free on iOS and Android devices and is accepted at virtually every pharmacy in the United States for most prescription medications. Famulus is a subsidiary of Goodroot, a community of companies committed to reinventing healthcare one system at a time.
SOURCE Famulus Health