Is GoodRx A Good Investment?

Which is better GoodRx or SingleCare?

In our analysis, GoodRx was cheaper than SingleCare in more of the instances that we price-shopped.

Plus, it’s more widely accepted and it let me know about free prescription options when available.

Of course, you don’t need to limit your comparison shopping to just these two services..

Who is GoodRx owned by?

Silver Lake currently owns 35.3% of GoodRx through its previous private equity investment into the company in 2018. The additional $100 million in capital will help the fund build up its position as GoodRx enters the public markets.

How do I get GoodRx?

Just call your doctor’s office and have them call or fax in the prescription to your pharmacy. Get a GoodRx coupon. Just look up the item you want to buy on GoodRx. Then, print, email or text yourself the appropriate coupon.

Do pharmacies lose money with GoodRx?

They absolutely lose money with GoodRx which is why most non-chain pharmacies won’t accept it. … GoodRx has a contract with pharmacies so they will use their discount cards instead of insurance or cash pay. The managers of said pharmacies also offer their pharmacists and techs a monetary incentive to do this as well.

Why do pharmacies accept GoodRx?

In addition to helping patients lower their medication costs, GoodRx enables patients and pharmacies to compare prices and find cost-saving solutions. This helps bring patients to your pharmacy to fill prescriptions they may have otherwise taken elsewhere or left at the pharmacy counter due to costs.

How does GoodRx make money?

GoodRx makes money by selling its technology and ads, as well as through referral fees and a subscription service (its main website and app, with comparative pricing and discounts are free, though). It says it has helped 100 MILLION Americans save more than $10 billion on prescription drugs.

Why is GoodRx stock dropping?

GoodRx Holdings Inc. Shares of GoodRx Holdings Inc. dropped Monday, after the prescription-drug pricing app received a less-than-enthusiastic endorsement from more than half of the Wall Street analysts who initiated research coverage. The stock GDRX, +0.22% sank 4.6% in afternoon trading.

Can I use GoodRx instead of Medicare Part D?

Just like with other types of insurance, you can still use GoodRx if you have Medicare Part D or Advantage. … GoodRx can help you control your prescription drug costs and find prices that are lower than your typical copay.

Why is GoodRx cheaper than my insurance?

Why is GoodRx cheaper than my insurance? Your health insurance helps cover major medical expenses, but the cost of healthcare is rising, and many plans cover less than they used to. Insurance companies use lists of drugs, called formularies, to price different drugs.

What pharmacy is cheapest to fill prescriptions?

An investigation published in the May 2018 issue of Consumer Reports found that HealthWarehouse.com was the cheapest place to fill prescriptions, beating second-place Costco Wholesale. For the investigation, secret shoppers called more than 150 drugstores nationwide and compared prices for five generic drugs.

Is GoodRx licensed by the FDA?

GoodRx lists virtually all FDA-approved prescription medications, including brand-name and generic drugs; we even list vaccines! GoodRx cards and coupons never expire and can be used as often as necessary. Over 325,000 professionals recommend GoodRx to educate and empower their patients.

Should I invest in GoodRx?

GoodRx isn’t a buy right now If you’re eager to invest in this stock, you may be better off waiting for now. Over the long term, GoodRx possesses lots of potential. But with some big companies like Amazon and Walmart taking more of an interest in healthcare, this is not a stock you can just buy and forget about.

Does GoodRx really save you money?

How Much Can You Really Save With GoodRx? GoodRx says it can save consumers up to 80% off the price of prescription drugs. From my experience, the app does a great job of highlighting $4 generics and even medications that are 100% free!

Does GoodRx cost anything?

GoodRx is free for consumers, and we do not require that you create an account to search for prices and receive discounts. We make money from advertisements on our site and referral fees.

How does GoodRx work at Walmart?

Use GoodRx to look up prices and discount coupons at Walmart Pharmacy and save up to 80% on your prescriptions. Just search for your medication and we will show you the cost at various pharmacies near you along with free coupons to save you money.

Which pharmacies accept GoodRx?

Look up the prices of your meds at local pharmacies, including:Albertsons.CVS Pharmacy.Costco.Kroger Pharmacy.Medicine Shoppe.Rite Aid.Safeway.Target (CVS)More items…

Who has the best prescription discount card?

Best Overall: GoodRx “The GoodRx website and mobile app allow you to search by drug name for the lowest prices in your local area.” “More than 64,000 pharmacies in the U.S. accept Optum Perks (not just pharmacy chains, local pharmacies, too).”