iMedicare reports saving patients $363 million in 2016

NEW YORK — Medicare plan comparison platform iMedicare on Wednesday announced that it had saved Medicare beneficiaries $363 million. The number comes from 315,398 patients at more than 5,000 pharmacies, saving an average of $1,150 in prescription costs. This surpasses the 250,000 patients who saved a total  od $287.5 million in 2015 from using iMedicare. 

 

iMedicare, which Lewis Drug and Discount Drug Mart have brought to their pharmacies this year, allows pharmacies to help patients identify the greatest savings opportunities based on their current medications and Medicare plan options. 

 

“In 2016, we crossed a new frontier at iMedicare, as we began using machine learning to help our customers identify opportunities proactively,” iMedicare CEO Flaviu Simihaian said. “We are already off to a great start in 2017, using data-driven insights to triple our customers’ return on investment.”