GoodRx partners with retail pharmacies to deliver pay-over-time option with Affirm

GoodRx is set to offer consumers an Affirm payment plan so they can 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, the company noted.

GoodRx is launching this program with its partner pharmacies, including Hy-Vee, a grocery retailer with a network of more than 275 retail pharmacies. 

[Read more: GoodRx unveils Medicine Cabinet]

Together, the companies aim to ensure a seamless e-commerce 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.

Consumers will only be approved for financing Affirm believes an 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.”

[Read more: GoodRx debuts Prescription Cost Tracker]

“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.”

The program will start rolling out in the coming months.