SpendWell Partners with Leading Online Prescription Price Transparency Tool
WeRx’s unique online and mobile tool allows users to shop for and compare prescription drug prices between local pharmacies
Portland, Ore. – SpendWell HealthTM, an online marketplace for health care services, has signed an agreement with WeRx, an online tool that allows shoppers to compare prescription drug prices at their local pharmacies. Through this partnership, WeRx can now expand the reach of its services through SpendWell’s e-commerce platform, helping them reach consumers on high-deductible health plans.
SpendWell is building a nationwide online marketplace to give consumers with high deductibles a way to shop for quality routine health care services at competitive prices. “We are excited to partner with a company that is transforming how patients shop for and purchase health care,” said Ali Khoshnevis, co-founder of WeRx. “SpendWell’s philosophy of eliminating surprises and confusion through their marketplace falls perfectly in line with WeRx’s services and mission.”
As high-deductible health plan adoption continues to grow, consumers bear more responsibility for their health care costs. As a result, employers are now exploring tools like SpendWell to help their employees better manage their health care spending, while still receiving quality care.
“WeRx’s goal of helping consumers find ways to make their medications more affordable is a natural fit for SpendWell,” notes Marcee Chmait, President of SpendWell. “Their solution helps consumers control costs and eliminates the confusion in prescription medication pricing. Our partnership is a great demonstration of our shared passion for transforming the way consumers experience health care.”
SpendWell’s online marketplace combines price transparency tools with a robust e-commerce platform, helping consumers compare and purchase health care services directly from nearby providers. A wide range of services are available for purchase, including primary care, urgent care, laboratory tests, imaging, alternative care, behavioral health and more.
With the prices of services displayed upfront, SpendWell empowers consumers to make the most informed, wallet-wise decisions regarding their care. For consumers on high-deductible health plans, SpendWell provides a smart solution for maximizing their health care dollars.
SpendWell is currently building its provider base prior to offering the service to employer groups nationwide. The marketplace is expected to launch in early 2015. For more information about SpendWell, visit SpendWellHealth.com.
Founded in 2011, WeRx provides a way for consumers to compare prescription drug prices at most pharmacies via web and mobile applications. Its database features real-time pricing information for 95% of all prescriptions written. Coupons for discounts negotiated on behalf of the company and money-saving tips are also available. The venture is the vision of Amir Khoshnevis and his brother Ali, both optometrists. Ali Khoshnevis, WeRx’s chief executive, stepped away from practicing medicine with a goal of changing health care on a broader scale. WeRx’s website and mobile applications make it possible for consumers to compare and find the best deal on their prescription medications. For more information about WeRx, visit WeRx.org.
SpendWellTM is an online marketplace where employees with high-deductible health plans can shop and buy health care services directly from providers. With clear pricing on everything from routine wellness exams and preventive care to screenings and urgent care, employees will be able to maximize the health care dollars they have to spend. And caring for direct-pay patients will give providers more time to focus on people, not paperwork. SpendWell is a wholly owned subsidiary of Cambia Health Solutions, Inc. Learn more at CambiaHealth.com. For more information about SpendWell, visit SpendWellHealth.com.