Rx Cost and Coverage Challenge: Finalists to the Rescue!
Ever wish shopping for health insurance was as easy as shopping for shoes? As a result of the Affordable Care Act (ACA), most Americans are required to have health insurance, but struggle to find an affordable plan that fits their needs “just right.” Recognizing the need for effective technological solutions to improve the health insurance shopping process, the Robert Wood Johnson Foundation sponsored the RWJF Rx Cost and Coverage Challenge in collaboration with Vericred. The challenge prompted developers to create blueprint solutions providing simplified access to the many choices in the health insurance exchange marketplace that would allow consumers to directly compare prescription cost and coverage. Vericred, PokitDok, Iodine, and GoodRx each provided APIs for the challenge. These APIs supplied formulary data and information corresponding to drug costs allowing developers to create accurate and helpful solutions.
Phase I finalists include Clear Health Analytics, a health insurance consultancy system that empowers clear and unbiased cost comparisons. Honest Health, Inc., a platform that offers the transparent ability to choose the best healthcare options. CleaRx, a unique plan that helps consumers find the best alternative Rx selections in the market. Pillsy, your own personal medical assistant, providing an easier way to manage vitamins and medications. And last but not least, C4B Solutions, an ingenious software set out to accelerate the interoperability of the healthcare industry.
Comparing prescription cost and coverage is complicated, but it doesn’t have to be. We’re counting on finalists of the Rx Cost and Coverage Challenge to fix it as they move on to Phase II to develop a fully functional mobile or web application. This idea will be brought to life and provide consumers with beneficial access to reliable information on drug value and effectiveness.
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