Patient Impact

Enhancing medication affordability

Our leading solutions, designed with the patient journey in mind, break down affordability barriers to get people the medicine they need.

A patient and their spouse at the pharmacy counter, presenting an insurance card to the pharmacist to process a prescription payment.

Prescription affordability is one of the biggest barriers for patients

More patients than ever are struggling to afford the therapies they need. In fact, 1 in 3 patients said they went without treatment or medications to pay for bills and basic needs.[1] Without built-in affordability programs, patients are often forced to choose between abandoning their medication at the pharmacy counter or struggling to afford it.

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    2 in 3 patients sought options to better afford their medicine in the last year.

    2 in 3 patients reported seeking affordability assistance in a recent survey. [0]CoverMyMeds Patient Survey, 2020 CoverMyMeds’ affordability solutions help pair the right financial assistance with the patient’s needs at the point of prescribing and fulfillment, helping patients understand their options and find the most affordable way to pay for their medication.

    Empowering patients at every step of their journey

    No one should abandon therapy because of an inability to pay. CoverMyMeds’ affordability solutions help patients mitigate the impact of high-deductible health plans, increasing copay costs and a lack of visibility at critical moments in their healthcare journey.

    The Challenge

    With more patients than ever struggling to pay for the medicine they need, there's a risk that many won't properly adhere to their prescribed therapy. They may skip doses to make prescriptions last longer, or they may never start the therapy at all if they can’t afford it.

    52%

    of patients sacrificed basic needs and left bills unpaid to afford their prescribed medications.[0]CoverMyMeds Patient Survey, 2021

    42%

    of patients who expect rising costs to impact their ability to afford medication are also concerned their own medications will rise in cost.[0]CoverMyMeds Patient Survey, 2022
    Patient at the pharmacy counter handing insurance card to pharmacist.
    Our Solution

    With more patients than ever struggling to pay for the medicine they need, there's a risk that many won't properly adhere to their prescribed therapy. They may skip doses to make prescriptions last longer, or they may never start the therapy at all if they can’t afford it.

    Patient handing insurance card to pharmacist.
    Patient Affordability

    Help patients get on (and stay on) originally prescribed therapies with our comprehensive copay assistance options.

    Provider and care team member looking at laptop monitor in exam room.
    Patient cost predictability

    Leverage powerful data that helps predict drug costs and provides patients with better access options.

    See All

    How CoverMyMeds supports all healthcare stakeholders

    Our tech-driven affordability solutions, which are designed to benefit all healthcare stakeholders, provide more insight into a medication’s cost throughout its’ lifecycle and empower patients to make informed decisions about their health.

    Pharma Decision-maker Portrait
    Pharma

    Help patients get on therapy with proactive strategies that address cost barriers, such as financial constraints, high-deductible health plan costs and insurance coverage challenges.

      ALL PHARMA SOLUTIONS
      Pharmacist portrait
      Pharmacy

      Help patients afford their medication with payment options at the pharmacy, such as copay assistance, drug discounts, cash payment and pharmacy loyalty programs. Patient assistance programs are also available to help assist eligible patients who can’t afford their medication.

      View all Pharmacy solutions
      Provider portrait
      Provider

      Empower your healthcare team to make the best prescription decisions with price transparency and benefit details. Affordability assistance, such as medication alternatives, cash payment and copay assistance programs, also helps providers give patients the best options to afford their therapy as intended.

      View all Provider Solutions
      Payer decision-maker Portrait
      Payer

      Give providers and pharmacists more cost-effective options to discuss with their patients by providing formulary alternatives.

        View All Payer Solutions
        Pharma Decision-maker Portrait
        Pharma

        Help patients get on therapy with proactive strategies that address cost barriers, such as financial constraints, high-deductible health plan costs and insurance coverage challenges.

          ALL PHARMA SOLUTIONS
          Pharmacist portrait
          Pharmacy

          Help patients afford their medication with payment options at the pharmacy, such as copay assistance, drug discounts, cash payment and pharmacy loyalty programs. Patient assistance programs are also available to help assist eligible patients who can’t afford their medication.

          View all Pharmacy solutions
          Provider portrait
          Provider

          Empower your healthcare team to make the best prescription decisions with price transparency and benefit details. Affordability assistance, such as medication alternatives, cash payment and copay assistance programs, also helps providers give patients the best options to afford their therapy as intended.

          View all Provider Solutions
          Payer decision-maker Portrait
          Payer

          Give providers and pharmacists more cost-effective options to discuss with their patients by providing formulary alternatives.

            View All Payer Solutions

            Improving patient outcomes

            See how CoverMyMeds’ people-first approach and leading affordability solutions have made an impact that speaks for itself.

            • $8.8B

              in patient savings[0]Based on CoverMyMeds affordability solution data for calendar year 2023

              In 2023, CoverMyMeds helped patients save $8.8 billion on specialty and brand medications.

              Illustration: In 2023, CoverMyMeds helped patients save $8.8 billion on specialty and brand medications.
            • 19%

              More fulfillment[0]CoverMyMeds case study, 2019

            • 94M+

              Prescriptions accessed [0]Based on CoverMyMeds prior authorization volume data for calendar year 2023

            Patient removing medication bottle from a box in a home setting.

            Patients are the core of our network approach

            By focusing on the patient journey, from diagnosis to treatment and beyond, our network solutions can anticipate barriers, provide proactive support and help ensure no patient faces healthcare challenges alone.

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