Key Highlights
- Rx Save Card completed a $1.7M seed funding round led by Distributed Ventures.
- Solution addresses the gap between employer benefits and out-of-pocket prescription costs.
- Enables employees to access 65,000+ pharmacies with employer-funded savings.
- Chris Crawford, CEO, emphasizes savings for both employers and employees.
Source: Business Wire
Notable Quotes
- “The Rx Save Card team is addressing the significant void between employer sponsored strategies and out-of-pocket solutions.” — Shawn Ellis, Managing Partner at Distributed Ventures
- “I’m excited to partner with Distributed Ventures and its industry partners as we work on creating a win-win solution that saves money for both employers and employees.” — Chris Crawford, Co-Founder and CEO at Rx Save Card
SoHC's Take
The successful seed funding round for Rx Save Card highlights the growing need for innovative solutions in the prescription drug market. As the industry faces rising costs and increased scrutiny, Rx Save Card’s ability to integrate cost containment strategies into one seamless experience positions it as a critical tool for both employers and employees. This funding will likely accelerate the company’s growth, allowing them to address the pressing challenges within employer-sponsored pharmacy benefits and provide a much-needed alternative to traditional PBM solutions.
