Paysign Announces 2024 Performance Analysis of Patient Affordability Solutions
04 Février 2025 - 2:05PM
Business Wire
Proprietary Feature Demonstrates Advanced Accuracy in Mitigating
Copay Maximizers
Paysign, Inc. (NASDAQ: PAYS), a leading provider of
patient affordability solutions, financial technology products, and
integrated payment processing services, today announced its annual
performance analysis of pharmaceutical copay programs leveraging
their patient affordability solutions. Paysign’s dynamic business
rules feature, which the company introduced in 2022 to mitigate the
harmful financial impact of copay maximizers on both patients and
pharmaceutical program sponsors, saved their clients more than $100
million in 2024 alone. Due to its ability to identify impacted
claims on the first fill with 97% accuracy, this technology is an
industry first and unique in the marketplace.
Annual product data found the company’s innovative patient
affordability solutions achieved these noteworthy successes in
2024:
- Saved over $100 million for pharmaceutical program
sponsors by shielding funds from being diverted
- Supported 66+ retail and specialty pharmaceutical
programs in diverse therapeutic classes
- Assisted more than 500,000 unique patients – a figure
that more than doubled compared to 2023
- Powered programs that contributed more than $600 million
toward prescription fulfillment expenses
“2024 was a pivotal year for our patient affordability
business,” said Matt Turner, President of Patient Affordability at
Paysign. “An increasing number of the world’s largest
pharmaceutical companies trusted our technologies to help remove
financial hurdles their patients face when starting or continuing
therapy. Our team’s dedication and adaptability in addressing copay
maximizer risks has proven invaluable, and we are proud to lessen
the financial burden on patients.”
As these 2024 results demonstrate, Paysign is steadily
broadening its presence across the healthcare ecosystem. The
accomplishments in patient and client savings highlight the
advanced efficacy of Paysign’s solutions.
“Achieving these milestones is a testament to the true spirit of
innovation we put into the patient affordability suite of
solutions,” said Mark Newcomer, Chief Executive Officer of Paysign.
“I’m thrilled to see Paysign continue its expansion in healthcare
and life sciences, and we remain committed to enhancing our
capabilities in this space.”
Paysign’s innovative patient affordability platform offers tools
that can be configured to the specific needs of each copay
assistance program and pharmaceutical manufacturers’ brand
strategies. Dynamic business rules – the platform’s standout
capability – enables real-time modifications to program criteria to
reduce the impact of copay maximizers, ensuring seamless benefit
experiences for patients and providers. Visit paysign.com/rx
to learn more
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934 and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the companies,
are forward-looking statements that involve risks and
uncertainties. There is no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially. Paysign undertakes no obligation to publicly
update or revise any statements in this release, whether as a
result of new information, future events or otherwise.
About Paysign
Paysign, Inc. is a leading provider of prepaid card programs,
comprehensive patient affordability offerings, digital banking
services, and integrated payment processing designed for
businesses, consumers and government institutions. Incorporated in
1995 and headquartered in southern Nevada, the company creates
customized, innovative payment solutions for clients across all
industries, including pharmaceutical, healthcare, hospitality, and
retail. Built on the foundation of a reliable payments platform,
Paysign’s end-to-end technologies securely enable digital payout
solutions and facilitate the distribution of funds for donor
compensation, copay assistance, customer incentives, employee
rewards, travel expenses, per diem, reimbursements, rebates, and
countless other exchanges of value. Paysign’s solutions lower
costs, streamline operations and improve customer, employee and
partner loyalty. To learn more, visit paysign.com.
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Investor Relations
ir@paysign.com 888.522.4853 paysign.com/investors
Media Relations
Alicia Ches 888.522.4850 pr@paysign.com
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