Digital Health Alliance May Drive Down Drug Prices

Dec 18, 2018 | Access, Digital Health

CVS and Sharecare team up to help the underinsured afford medications reports Kevin Truong of MedCityNews. Atlanta, Georgia-based digital health company Sharecare has inked a deal with CVS Caremark—the PBM arm of the pharmacy chain—to launch a digital pharmacy savings card geared towards patients who are uninsured or underinsured.

Dubbed Sharecare Rx, the card is available through the Sharecare app and allows customers to get discounts of generic and branded medications across the Caremark pharmacy network, which spans 68,000 pharmacies including retailers like Walmart and Walgreens, along with CVS locations.

Who is Sharecare? Formed in 2010, the digital health venture has raised $380 million. They are a health and wellness engagement platform providing consumers with information, programs and resources to improve their health. Privately held, Sharecare began as an interactive question-and-answer (Q&A) platform about health and then expanded its products and services through internal development and strategic acquisitions of companies including DailyStrength, dotFit, The Little Blue Book, WisePatient, RealAge, PKC Corporation, BACTES Imaging Solutions, QualityHealth, Feingold Technologies, BioLucid and Healthways.

Sharecare.com is built on a social content platform curating the collective knowledge of vetted medical experts. Much of its content is contributed by organizations like AARP, the American Cancer Society, the American Heart Association, the American Red Cross, the National Academy of Sports Medicine, and medical professionals. Questions are also answered by medical centers such as the Cleveland Clinic. The platform allows them to answer questions and engage in conversations about health.

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