BetterRxCard


Saving Consumers Time and Money on Prescription Drug Costs

Our Skeptic Rebuffed: Drug prices reduced up to $1,150 using EquivaMeds

by BetterRxCard 31. March 2011 21:22

We Asked Our Grooviest Intern to Give Us an Unbiased Assessment…

 

Turns out, she had it in for us.

 

Our yoga-loving, organic eating, never-takes-medicine-ever intern was skeptical about our program’s efficiency. Being the martyrs that we are, we asked her to play devil’s advocate and see how our product and service stacked up against the competition.  

 

After reading America’s Most Popular Drugs according to Forbes magazine (May 11, 2010), she was set to the task of researching the average cost of the top ten drugs on that list, comparing and contrasting across-the-board pricing for people with and without insurance. While cost varies tremendously from place to place, we wanted an educated estimate for each.

 

At first, she returned triumphantly and announced that there were online drug companies that sold name-brand equivalent medications for less than what we could offer – no prescription needed and no questions asked. She also located some very nice resources in Canada.

 

But when asked, “What can you tell us about the quality control and integrity of a company selling prescription drugs without a doctor’s consent?” and “So, how much did those non-FDA-approved meds go for – with shipping – from Canada?” She came up a little empty.

 

To be fair, she dutifully went back to the drawing board, this time, only using trustworthy (and accessible) pharmacies such as Walgreens, CVS, Walmart and Rite Aid – places where we wouldn’t have to question if those medications were what the advertiser said they were.

 

Here’s a sample of what she found:

 

Crestor (high cholesterol)                            10mg                     $69 per month / 30 (quantity)

Diovan (HBP)                                             80 mg                    $80 / 30

Effexor XR (depression)                              75 mg                    $92 / 30

Actos (diabetes)                                         30 mg                    $61 / 30

Nexium (GERD)                                          40 mg                    $215 / 30             

Premarin (estrogen)                                   1.25 mg                  $58 / 30                               

Lipitor (cholesterol)                                     10 mg                    $84 / 30                               

Synthroid (hormone)                                   20 mcg                  $41 / 30                                                               

Tricor (cholesterol)                                      145 mg                  $45 / 30               

Micardis (HBP)                                            40 mg                    $104/ 30

 

We then plugged those names and quantities into our EquivaMeds database, here’s what we discovered:

 

Crestor Equivalent drug                              $15.80 per month / $640 annual savings

Diovan Equivalent drug                              $7 / $875

Effexor XR Equivalent drug                         $55 / $444                                                                           

Actos Equivalent drug                                 $12 / $587

Nexium Equivalent drug                              $147 / $808        

Premerin Equivalent drug                            $6 / $635                             

Lipitor Equivalent drug                                $18 / $575                           

Synthroid Equivalent drug                            $11 / $352                                                           

Tricor Equivalent drug                                  $14 / $373           

Micardis Equivalent drug                               $8 / $1156

 

With an average savings of nearly $645 per year, even our groovy intern had to admit that we were on to something.

Tags: , , ,

EquivaMeds

There’s a simple way for Cities and Counties to help 58% of residents. Would you try it?

by BetterRxCard 4. February 2011 00:11

We suspect that you would.


The BetterRxCard is the first program that goes beyond the traditional methods offered by other discount drug cards with its patent-pending service we call EquivaMeds, a feature unique from every other discount card program.

 

According to Kaiser Family Foundation, 58% of Americans have some type of monthly prescription drug cost – that’s five times the percentage of those who are uninsured with the same month drug cost.

 

By combining EquivaMeds with the BetterRxCard program, your local population can save up to 90% off of otherwise expensive prescription drugs. The average annual savings is nearly $900 per year.

 

You’ve heard of smart phones? How about smart databases?


Created by a physician, EquivaMeds is a collection of smart databases that search for drug options a doctor might prescribe while also taking into consideration the drug’s cost. This data is compiled and sent to the user in a one- to two-page, easy-to-understand report. The user can present it to their doctor or EquivaMeds can fax it on their behalf. More than 95% of physicians that have received an EquivaMeds report have approved the new drug for their patient.

 

Members of your local population will never be left wondering if there’s a cheaper drug option for them and you won’t have to spend hours researching prescription drugs, comparing and contrasting their cost vs. benefits.

 

EquivaMeds does the legwork for you.


For a limited time, we are waiving the sponsorship fee for using the EquivaMeds service. Since you’ll be helping 58% of your clients, customer base or community save thousands of dollars annually, that’s more than just a $19.95 savings – that’s a goldmine.

 

Interested in becoming one of our partners? Click here for more information.

 

 

 

Tags: ,

City and County | EquivaMeds

About ... Genuity Group

For years, Genuity Group has been engaged in finding new ways to save money on prescription drugs by blending technology with patients needs and doctor and pharmacist requirements. Along the way we learnd a lot! We used that knowledge to  created new, innovative ways to help consumers and employers save money on prescription drugs.

 

In 2006, we created a new technology that would save millions of dollars off the cost of brand name drugs for self-insured employers and consumers. That technology, called EquivaMeds, is a patent-pending tool that has averaged more than $700 per year in savings for consumers nationwide – nearly four times more savings than is possible with a traditional discount drug card.

 

In 2009, we introduced BetterRxCard, a discount drug card program that not only provided the best discounts available for consumers when insurance wasn't an option, but it also provides a way to save on expensive brand name drugs.



Now I we're sharing some of what I've learned here.  Sure, we'll talk about projects we're working on, like the BetterRxCard and EquivaMeds.  But there are other ways out there to save and many other things to consider when you are in a position that you need to find the facts and make a decision.  I hope we provide some of the information to help you, one of the  58% of Americans that have some form of monthly prescription drug cost, save money.

Home   |   Faq   |   About Us   |   Partner   |   Contact  |   Print A Card

Copyright 2010 Genuity Group®, LLC •  All Rights Reserved.

Not insurance.  Discount card only.