Blink Health Launches
Free App and Web Site Provides Access to Lowest Prices on Generic Prescription Drugs at ALL Major US Pharmacies Regardless of Insurance; 50% of Drugs are $10 or Less
Blink Health Offers THE Solution to the High Cost of Prescription Drugs as Prescription Prices Soar in the U.S.
Feb 10, 2016, 09:00 ET
NEW YORK, Feb. 10, 2016 /PRNewswire/ -- Blink Health announced today the launch of its free mobile app and website that gives all Americans unprecedented access to the lowest available prices for generic prescription drugs regardless of their insurance status. 50 percent of drugs are priced at $10 or less, creating savings of up to 99 percent on prescriptions at ALL major US pharmacies, including Walgreens, CVS, Rite Aid, Wal-Mart, Duane Reade and most independent pharmacies.
At a time when many Americans are forced to choose between vital medications and other basic needs, Blink Health offers the solution. Shockingly, nearly one-third of prescriptions written are never picked up by patients because they can't afford them.
"Nobody should ever be forced to skip a dose of medicine or leave a prescription behind at the pharmacy counter because they can't afford it," said Blink Health founder & CEO Geoffrey Chaiken. "Our goal with Blink Health is to provide all Americans with the best prices for generic prescriptions, regardless of their insurance status. These prices have always existed for people with the best insurance plans, but Blink Health is making them accessible to all Americans for the first time."
Blink Health is available to everyone and simple to use. With no membership fees or monthly premiums, it only takes seconds to sign up online or via the app. Users search for the prescribed medication and if the Blink Health price is cheaper than what they would pay, they can purchase it via Blink Health, pick it up at their chosen local pharmacy and pay zero dollars at pick-up. The Blink Health price is the same no matter which pharmacy the customer uses.
"Until Blink Health, the Internet has made it cheaper for Americans to buy practically anything they need, except for prescription medication," said Blink Health co-founder Matthew Chaiken. "Now, any patient can go online and get the lowest prices for their medications. Our customers are already saving thousands of dollars on their generic drug costs."
Blink Health is able to provide the best prices by using proprietary technology to group patients together and increase their collective purchasing power to buy medications at significantly lower prices. In addition, Blink Health is able to aggregate funds from employers, not-for-profits and others to further lower patients' out-of-pocket expenses. For example, generic Lipitor, which retails at $163.24 and costs about $26.50 under other prescription discount programs, costs just $9.94 with Blink Health. Prilosec, which typically commands $19.61 under other plans, costs $6.94 with Blink Health. 50 percent of the medications on Blink Health cost $10 or less and 40 percent are less than $5.
Founded by two brothers who are the sons and grandsons of doctors, Blink Health is backed by high-profile investors including Joe Lonsdale's new Eight Partners and Burch Creative Capital.
Blink Health is available as a free mobile app for smartphones and at blinkhealth.com. Since its beta launch in fall 2015, thousands of Americans have signed up to use Blink Health. Many of the early users are saving thousands of dollars a year.
About Blink Health
Blink Health is the solution to the high cost of prescription drugs. Founded in 2014 by brothers Geoffrey and Matthew Chaiken, Blink Health is a free mobile app and website that provides anyone the lowest prices on generic prescription drugs. Whether you have good insurance, bad insurance, or no insurance at all, Blink Health can save you money at over 60,000 pharmacies nationwide. Using the power of the Internet, Blink Health groups patients together to leverage their purchasing power to secure significantly lower prices for medications. In addition, Blink Health is able to aggregate funds from employers, not-for-profits, and others to further lower patients' out-of-pocket expenses. To find out how much you can save with Blink Health, visit blinkhealth.com or download the app on your smartphone or tablet.
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SOURCE Blink Health
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