Mobile app reveals price differences of Rxs across local pharmacies
SALT LAKE CITY — Pharmacy customers looking to view and compare prescription drug prices now can do so on their iPhone or Android device.
LowestMed said its mobile application includes more than 1,000 of the most popular brand-name and generic drugs, consisting of more than 95% of the most commonly prescribed drugs in the nation, with thousands of additional drug price comparisons available on the company’s website LowestMed.com. How it works: LowestMed provides a list of discounted prices at nearby pharmacies of both branded prescription drugs and their generic alternatives. The app also includes access to the free LowestMed discount card, which when displayed at the point of sale, ensures savings of 10% to 85% off of retail prices, the company said.
“Most consumers don’t realize that prices can vary widely by pharmacy, and that up until this point the only way to do price comparisons on a local level was to go to each pharmacy and submit an insurance claim,” LowestMed CEO Brad Bangerter said. “With the LowestMed app, for the first time consumers are empowered with the full transparency to identify the least expensive drug prices in their area. We do for the pharmacy marketplace what Travelocity or Kayak does for the travel industry, providing a one-stop, fast, convenient and easy way for consumers to maximize savings on their medications.”