GoodRx is a US-based healthcare company that runs a telemedicine platform. Telemedicine is a term to describe remote clinical services, such as diagnosis and monitoring. Primarily, GoodRx operates a free-to-use platform through its website or mobile app. With this platform, users can track prescription drug prices in the US. On top of that, it also provides free drug coupons for discounts on medications.
GoodRx partners and works with over 75,000 pharmacies in the US. The website receives over 14 million visitors each month. In 2020, its app had also received millions of downloads in the Android and iOS stores. The company started its operations in 2011. Over the years, it has partnered with various companies to negotiate lower prescription drug costs.
GoodRx has also been active in the investments market. The company acquired another telemedicine company called HeyDoctor. Through this acquisition, GoodRx created its telemedicine platform GoodRx Care. Through this platform, users can consult doctors online and obtain prescriptions. However, they must pay a $20 fee for each consultation.
GoodRx has been active in the telemedicine market for a long time. It faced competition from names already established in the market. Over the years, the number of competitors has also increased. GoodRx also operates in a market where many alternative options are available. Some of the top GoodRx competitors and alternatives include the following names.
1. Teladoc Health
Teladoc Health is multinational telemedicine and virtual healthcare company. The company operates from Dallas, Texas. Primarily, Teladoc Health provides services including telehealth, medical opinions, AI and analytics. On top of that, it also offers telehealth devices and licensable platform services. Teledoc health is one of the most prominent names in the industry.
Teladoc Health provides on-demand remote medical care through telephone, mobile apps and videoconferencing. The company holds the stature of being the first and largest telemedicine company in the US. Initially, it started its operations in 2002. Over the years, it has acquired various companies to help support its services.
2. Amwell
Amwell is a telemedicine company that operates in Boston, Massachusetts. Formerly known as American Well, the company started its operations in 2006. Through its platform, Amwell connects patients with doctors over secure video. It sells its platform as a subscription service to healthcare providers. Those providers can put their medical professionals online.
Amwell also provides its proprietary software development kits, APIs and system integrations. With these, users can embed telehealth into existing workflows. The company operates in all 50 US states and works with 55 health plans. In 2020, over 40,000 providers used the Amwell platform to offer their services. In the telehealth industry, Amwell provides significant competition to GoodRx.
3. Doctor on Demand
Doctor on Demand is an American company that allows patients to contact medical professionals remotely. These professionals include physicians, psychiatrists and psychologists. Primarily, the company focuses on providing its services digitally. All its professionals are US-based and board-certified. Its services are available throughout the day. Therefore, patients can contact doctors at any time of the day.
Doctor on Demand provides various services and products. It has a Digital Medical Home product that allows patients to create their profiles on the platform. This way, they receive various health services through the platform’s professionals. On top of that, Doctor on Demand also has expanded clinical capabilities. The platform also provides smart referrals to patients.
4. MDLive
MDLive is a telemedicine provider that started its operations in 2009. The company serves patients, health plans, health systems and self-insured employers. Primarily, it provides them access to board-certified doctors, paediatricians and licensed therapists. The company offers sessions with professionals through online video, phone or mobile apps. MDLive focuses on providing ER or urgent care services.
MDLive started its operations in 2009 and currently operates in all 50 states in the US for non-emergency issues. On top of that, it also provides behavioural health therapy with licensed therapists. The company conducts its consultations through a HIPAA and PHI-compliant platform. Similarly, it allows patients to talk to a doctor from home or on the go. They can also obtain an e-prescription.
5. iCliniq
iCliniq is a global second opinion and online medical consultation platform. The company operates globally across 196 countries. Similarly, it has over 2,500 qualified doctors from over 80 specialities, providing patients with the best care. iCliniq has ranked among the top five telemedicine portals worldwide by Healthline and Investopedia. The company competes with GoodRx in its markets.
iCliniq consist of dedicated technology and support team. Primarily, its team includes imminent doctors, researchers and programmers. These professionals work round the clock to innovate, create and implement the best technologies. This way, they can serve both doctors and patients. Its services are available through phone and video chat, allowing patients to consult their desirable doctors.
6. HealthTap
HealthTap is a technology company that delivers a suite of connected health apps. The company does not primarily operate in the same market as GoodRx. Nonetheless, its apps and services provide significant competition to those in the industry. The company’s customers include health systems, insurance companies and self-insured employers. HealthTap started its operations in 2012 and currently operates from Mountain View, California.
HealthTap provides various services, including the ability to ask health questions. These services are online and through mobile devices. This way, users can connect to a network of US-licensed physicians for free. The company also allows users to contact a doctor immediately or through an appointment. They can receive a consultation through video conference, phone call or text chat.
7. PharmacyChecker
PharmacyChecker is a US-based company that provides significant competition to GoodRx. The company has been operational for a long time. PharmacyChecker uses an intense verification process for licensed pharmacies. Similarly, its services cover both international and domestic markets. The company ensures its users receive the best services through its verification process.
PharmacyChecker operates under Tod Cooperman, its current CEO and founder. He is well-known for his prominent research I the healthcare industry. Overall, PharmacyChecker provides services focused on locating and determining the most affordable medicines. Its medicine-comparison tool is favourable for users worldwide in the areas it covers. The company also operates online pharmacies and discount card services.
8. OneRx
OneRx provides similar services to GoodRx. However, it concentrates its operations on a specific area. The company exclusively focuses on delivering affordable medications to its users. Currently, it does not have the resources to cover telemedical visits. Nonetheless, they still provide an online medicine comparison platform. The vast amount of information available on the platform makes it one of the best options for users.
OneRx allows users to compare various medication offers through its platform. This way, patients can compare costs for their prescriptions while receiving better prices. The company also delivers co-pay facilities and tips to save money. OneRx operates a mobile app that is free to use and provides full access to its services. It also has a coupon funder tool with its price comparator.
9. Sesame
Sesame is a well-known name in the telehealth industry for its healthcare services. It is a privately-held healthcare company that operates from Brooklyn, New York. Primarily, it focuses on providing users with an online marketplace for affordable medical services with upfront pricing. The company started its operations relatively recently in 2018. Although it operates from the US, it also has offices in Germany.
Sesame has garnered significant attention and praise during its short period of operations. Primarily, the company operates its SesameRx platform, which provides online care to patients. Sesame offers telehealth visits, online therapy, in-person doctor visits, consultations, etc. Sesame also partners with medical providers who post open appointments with affordable, direct-pay prices.
10. Alto Pharmacy
Alto Pharmacy is a US-based health technology company. It operates a platform to aid users to coordinate with physicians and insurance companies. This way, they can receive their medications on time. The company started with an aim to be the most patient-centric pharmacy. Alto Pharmacy operates an online pharmacy, accessible through its mobile app.
Users can send their prescriptions to Alto Pharmacy themselves or through their healthcare providers. The platform coordinates with the insurance providers and delivers the prescription medicine to the user’s home. Sometimes, complications may arise during the process. For that, Alto Pharmacy providers alternative medications or suggestions to the user. Although not similar to GoodRx, Alto Pharmacy provides a decent alternative.
Conclusion
GoodRx is a well-known company in the telemedicine industry. The company has been operational since 2011 and competes with several names in the market. Primarily, GoodRx focuses on providing telemedicine facilities. However, it has also expanded its operations in the telehealth market. Some of GoodRx’s competitors and alternatives are available above.
