GoodRx Partnering with Retail Pharmacies to Deliver Pay-Over-Time Option Directly to Consumers
16 Octobre 2024 - 3:00PM
Business Wire
Approved users will now be able to select an
Affirm payment plan for select medications directly on the GoodRx
platform
GoodRx (NASDAQ: GDRX), the leading prescription savings platform
in the U.S., today announced consumers will soon be able to use
Affirm to pay over time for select medications at participating
retail pharmacies. This adds a convenient way for consumers to pay
for their medications directly on the GoodRx platform.
GoodRx is launching this program with its partner pharmacies,
including Hy-Vee, a grocery retailer with a network of more than
275 retail pharmacies. Together, the companies are ensuring a
seamless ecommerce experience for consumers. As an example, when a
person types their medication into GoodRx and selects Hy-Vee as
their preferred pharmacy, the system will validate their
prescription, check for medication inventory, and show the option
to pay over time with Affirm. If approved, consumers will be able
to choose from customized monthly payment options before submitting
their prescription order and picking up their prescription at their
local Hy-Vee location.
As is always true with Affirm, consumers will only be approved
for financing Affirm believes can and will be repaid responsibly,
and Affirm will not charge any late or hidden fees.
“We are always looking for new ways to bring affordability and
ease-of-use to patients, doctors and front-line pharmacy staff,”
said Scott Wagner, Interim CEO at GoodRx. “Through this new
technology solution, we’re offering a unique capability that will
help people access their medications - whether it’s helping them
reach a deductible or providing great financial flexibility and
control. It’s part of our broader e-commerce strategy to make the
entire process much simpler, certainly for patients but also for
retail pharmacies.”
“As a provider, we are excited to work with GoodRx to offer this
new payment solution to Hy-Vee Pharmacy patients as we continue
efforts to remove healthcare barriers and improve medication
adherence,” said Angie Nelson, Hy-Vee’s senior vice president of
pharmacy. “We believe that this new flexible payment model offered
through GoodRx will lead to better health outcomes for our
patients.”
This program will start rolling out in the coming months.
About GoodRx
GoodRx is the leading prescription savings platform in the U.S.
Trusted by more than 25 million consumers and 750,000 healthcare
professionals annually, GoodRx provides access to savings and
affordability options for generic and brand-name medications at
more than 70,000 pharmacies nationwide, as well as comprehensive
healthcare research and information. Since 2011, GoodRx has helped
consumers save over $75 billion on the cost of their
prescriptions.
GoodRx periodically posts information that may be important to
investors on its investor relations website at
https://investors.goodrx.com. We intend to use our website as a
means of disclosing material nonpublic information and for
complying with our disclosure obligations under Regulation FD.
Accordingly, investors and potential investors are encouraged to
consult GoodRx’s website regularly for important information, in
addition to following GoodRx’s press releases, filings with the
Securities and Exchange Commission (the “SEC”) and public
conference calls and webcasts. The information contained on, or
that may be accessed through, GoodRx’s website is not incorporated
by reference into, and is not a part of, this press release.
GoodRx Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including, without limitation,
statements regarding the demand and plans for, and the objectives,
benefits and value of, the GoodRx and Affirm partnership, including
its availability at Hy-Vee. These statements are neither promises
nor guarantees, but involve known and unknown risks, uncertainties
and other important factors that may cause GoodRx’s actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to,
risks relating to GoodRx’s ability to achieve broad market
education and change consumer purchasing habits, changes in
medication pricing and pricing structures, GoodRx’s reliance on a
limited number of industry participants, and the important factors
discussed in the section entitled “Risk Factors” in GoodRx’s Annual
Report on Form 10-K for the year ended December 31, 2023, and
GoodRx’s other filings with the Securities and Exchange Commission.
Any such forward-looking statements are based on current
expectations, projections and estimates as of the date of this
press release. While GoodRx may elect to update such
forward-looking statements at some point in the future, GoodRx
disclaims any obligation to do so, even if subsequent events cause
GoodRx’s views to change.
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders. CA
residents: Loans by Affirm Loan Services, LLC are made or arranged
pursuant to California Finance Law license 60DBO-111681.
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Press Contacts GoodRx press@goodrx.com
GoodRx (NASDAQ:GDRX)
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