GoodRx

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GoodRx
TypePublic
Nasdaq: GDRX
Founded2011; 10 years ago (2011)
FoundersTrevor Bezdek[1]
Doug Hirsch[1]
Scott Marlette[1]
Headquarters
Santa Monica, California
,
United States
Number of locations
2 (2019)
Area served
United States
Key people
  • Trevor Bezdek (co-CEO)[1]
  • Doug Hirsch (co-CEO)[1]
Services
RevenueIncrease $388.2 million (2019)[2]
Number of employees
200+ (2019)
Website

GoodRx is an American healthcare company that operates a telemedicine platform and a free-to-use website and mobile app that track prescription drug prices in the United States and provide free drug coupons for discounts on medications.[3] GoodRx checks more than 75,000 pharmacies in the United States.[4][5] The website gets about fourteen million visitors a month.[6] As of February 25, 2020, "millions of people" had downloaded the GoodRx app.[7]

GoodRx was founded in Santa Monica, California in 2011. In 2017, GoodRx announced partnerships with major prescription drug companies in the country to negotiate lower prescription drug costs.[6][8] In September 2019, GoodRx acquired the telemedicine company HeyDoctor and rebranded the telemedicine platform as GoodRx Care.[3] The platform allows individuals to consult with a doctor online and obtain a prescription for certain types of medications at a cost of US$20 as of December 2019, regardless of insurance status.[3] Medical testing services, which vary in price, are also offered through the platform.[3]

Key people[]

The Santa Monica, California-based startup was founded in September 2011 by Trevor Bezdek and former Facebook executives Doug Hirsch and Scott Marlette.[4][9][10][11] Marlette was one of the first 20 employees at Facebook and built Facebook's photo application.[9] In 2005, Hirsch was the Vice President of Product at Facebook, working closely with Mark Zuckerberg.[10] In 2017, Jordan Michaels joined as director of operations.[12] In 2019, technology executive John Asalone joined as a General Manager to add Telehealth to GoodRx's comparison-shopping platform.[13]

Controversy[]

On February 25, 2020, Consumer Reports published an article stating that GoodRx shared user data − specifically, pseudonymized advertising ID numbers that companies use to track the behavior of web users across websites, the names of the drugs that users browsed, and the pharmacies where user sought to fill prescriptions − with Google, Facebook, and around 20 other internet-based companies.[7] A few days after the Consumer Reports article was published, GoodRx published a statement saying it made changes to prevent user search data on medical conditions and pharmaceuticals from being shared with Facebook.[14]

See also[]

References[]

  1. ^ Jump up to: a b c d e CNBC.com Staff. "CNBC 2019 Disruptor 50". CNBC. Retrieved May 15, 2019.
  2. ^ "GoodRx files to go public, boasting track record of profitability". FierceHealthcare.
  3. ^ Jump up to: a b c d Heather Landi (September 27, 2019). "Tech GoodRx acquires telemedicine company HeyDoctor to add virtual healthcare services". FierceHealthcare. Retrieved December 25, 2019.
  4. ^ Jump up to: a b Mcusic, Teresa. "Where to turn online to save money on prescription drugs". Star Telegram. Retrieved May 18, 2017.
  5. ^ "Money, drugs, and the medical practice: Can physicians benefit from helping patients reduce prescription costs? – Continuum". www.carecloud.com. Retrieved March 20, 2018.
  6. ^ Jump up to: a b Thomas, Katie. "New Online Tools Offer Path to Lower Drug Prices". New York Times. Retrieved May 18, 2017.
  7. ^ Jump up to: a b Thomas Germain (March 6, 2020). "GoodRx Saves Money on Meds — It Also Shares Data With Google, Facebook, and Others". Consumer Reports. Retrieved April 22, 2020.
  8. ^ Morgan, David. "Inside Rx aims to lower high prescription drug costs". CBS News. Retrieved May 18, 2017.
  9. ^ Jump up to: a b Dickinson, Boonsri. "These Ex-Facebook Guys Want To Help You Find Cheaper Drugs". Business Insider. Retrieved May 18, 2017.
  10. ^ Jump up to: a b Empson, Rip. "GoodRx Grabs $1M+ From SV Angel, Founders Fund & More To Help You Find Cheap Prescription Drugs". TechCrunch. Retrieved May 18, 2017.
  11. ^ Lazarus, David. "Making it easy to comparison shop for prescription drugs". Los Angeles Times. Retrieved May 18, 2017.
  12. ^ Farr, Christina. "Silicon Valley is too focused on taking the easy path in health care". CNBC. Retrieved June 6, 2017.
  13. ^ "GoodRx Adds Telehealth to Its Comparison-Shopping Platform | Los Angeles Business Journal". labusinessjournal.com. Retrieved August 28, 2020.
  14. ^ "GoodRx and Data Privacy". GoodRx. February 28, 2020. Retrieved April 22, 2020.

External links[]

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