New App Defrays Cost of Rising Co-Pays as Health Insurance Open Enrollment Season Begins

OneRx® Maximizes Prescription Drug Savings
with Unique Co-pay Look-up Feature

NEW YORK–(BUSINESS WIRE)–As the annual enrollment period for health insurance approaches,
consumers facing rising prescription drug co-pays can significantly
lower their out-of-pocket costs with the new app OneRx,
the most robust prescription drug savings tool on the market. Launched
in August, OneRx is the first tool to let Americans price shop
medications at nearby pharmacies using drug- and insurer-specific
pricing information across carriers. It is also the only tool that
automatically amasses prescription drug coupons for immediate
redemption, freeing consumers from having to search them out.

OneRx is free, HIPAA-compliant and currently available for download on
iTunes and in the Google Play store. The app displays the best price for
consumers with and without insurance.

“With more and more covered employees shifting to high-deductible plans
with elevated co-pays, and prescription medication costs continuing
their double digit increases, consumers are quickly realizing the onus
is on them to find savings,” said Bryan Birch, Chairman, President and
CEO of Truveris, the independent drug pricing and benefits analytics
company that developed the app. “We’ve designed OneRx with these
consumers in mind, creating an easy-to-use tool that not only reduces
costs, but enhances transparency as prescription drug coverage becomes
increasingly complex.”

Mr. Birch points to the greater prevalence of complicated hurdles
imposed by insurance companies, including pricing tiers, prior
authorizations and step therapies, which have all made it even more
difficult for consumers to manage prescription drug benefits. OneRx
helps counter this by providing automatic alerts when such restrictions
surface – another unique feature – ensuring patients have the
opportunity to troubleshoot such issues and understand their drug’s cost
in the healthcare provider’s office, in advance of making the trip to
the pharmacy. This increases adherence to treatment plans, helps
patients stay healthy and lowers overall medical expenses.

OneRx is not only relevant to consumers; Truveris is seeing employers
actively encourage workers to use the app to save on prescriptions. This
will become increasingly urgent with the Affordable Care Act’s looming
“Cadillac tax” set to penalize public and private organizations with
high-cost health plans starting in 2018.

OneRx also helps uninsured and under-insured Americans by providing a
prescription benefit option specifically for those paying the majority
of prescription costs. The option averages $750 in savings per user
annually.

About Truveris

Truveris is a leading prescription drug software and analytics company,
on a mission to democratize data and access through technology. Our
proprietary Software-as-a-Service platforms drive transparency and lower
costs across the prescription drug ecosystem; solutions include OneRx®,
RxChoice®, TruBid® and COMPSM. Based in New York, Truveris is
backed by Canaan Partners, First Round Capital, New Atlantic Ventures,
New Leaf Venture Partners and Tribeca Venture Partners. For more
information, go to Truveris.com
or LinkedIn,
or contact us via Twitter
or info@truveris.com.

© 2015 Truveris, Inc. All rights reserved.

All trademarks indicated above are owned by Truveris.

Contacts

For Truveris
Sharon Horowitz, 212-329-1428
shorowitz@lakpr.com