Blink Health partners with Blue Eagle Health to offer generics at low prices
Blink Health, an e-commerce platform is partnering with Blue Eagle Health, a new pharmacy benefit administrator to offer patients low prices for generic prescriptions.
Through Blue Eagle, Blink Health said it is able to offer its pharmacy partners complete transparency into how much they will be paid for every prescription.
Blink Health said it negotiates directly with prescription medication suppliers on behalf of patients and uses technology to bypass intermediaries, known as pharmacy benefit managers. Patients purchase their medications on Blink’s website or app and pick up their prescriptions at local pharmacies. Founded in 2014, Blink Health is available to anyone with no vouchers, coupons or membership fees.
"When we started Blink Health, we focused on providing patients with lower costs and transparency before they got to the pharmacy counter. The pharmacy is the only place in retail where patients don’t know the price of a product until they get to the register,” Blink Health CEO Geoffrey Chaiken said. “What we didn’t realize is that pharmacies don’t know what they are going to get paid until a month after they fill a script. We’ve solved this problem and created a win-win for both consumers and pharmacies.”
“We decided to partner with the Blink Health team because of a shared vision to bring transparency to our pharmacy retail partners,” Blue Eagle Health president Tom Luft said. “Blue Eagle Health eliminates the opaque PBM industry practices of clawbacks, administrative fees and gag orders. We’re excited to work with our retail partners to target patients who increasingly look to purchase their goods and services online."
Through Blue Eagle, Blink Health said it is able to offer its pharmacy partners complete transparency into how much they will be paid for every prescription.
Blink Health said it negotiates directly with prescription medication suppliers on behalf of patients and uses technology to bypass intermediaries, known as pharmacy benefit managers. Patients purchase their medications on Blink’s website or app and pick up their prescriptions at local pharmacies. Founded in 2014, Blink Health is available to anyone with no vouchers, coupons or membership fees.
"When we started Blink Health, we focused on providing patients with lower costs and transparency before they got to the pharmacy counter. The pharmacy is the only place in retail where patients don’t know the price of a product until they get to the register,” Blink Health CEO Geoffrey Chaiken said. “What we didn’t realize is that pharmacies don’t know what they are going to get paid until a month after they fill a script. We’ve solved this problem and created a win-win for both consumers and pharmacies.”
“We decided to partner with the Blink Health team because of a shared vision to bring transparency to our pharmacy retail partners,” Blue Eagle Health president Tom Luft said. “Blue Eagle Health eliminates the opaque PBM industry practices of clawbacks, administrative fees and gag orders. We’re excited to work with our retail partners to target patients who increasingly look to purchase their goods and services online."