While every company wants to support their employees’ health, businesses of all sizes face challenges with rising healthcare costs and complex, confusing benefit plans.
Prescription medications can be a tough challenge for many people. Faced with the decision of whether they can afford their meds, many Americans, including the nine million reported by the CDC, are forced to stop their prescriptions due to cost. This not only affects their health but also leads to lost productivity as employees remain sick.
There’s a better solution. Peek, a new company, has developed a comprehensive drug cost aggregator that is both simple and transparent, making it easy for employees to find the best prescription options. Peek’s user-friendly web and mobile app empowers employers and their teams with a personalized prescription shopping experience.
Unlike other cash card programs that offer only their own negotiated prices, Peek aggregates multiple cost-saving options in one place. Employees can compare prescription prices from more sources and discount programs than ever before. Peek has partnered with cash card companies to provide retail and mail-order discounts, while also integrating potential insurance co-pays and out-of-pocket costs. Additionally, Peek works with biopharma companies to include manufacturer copay offset programs, further expanding savings opportunities.
Peek’s team will continually explore new options and pricing to ensure a dynamic, value-driven experience for employers and employees alike.
With Peek’s app, employees can easily review all their prescription purchase options and choose the most affordable one that fits their needs. The platform is designed to be a standalone solution or can seamlessly integrate into existing company systems.
“Prescription costs are a major burden for employees and can significantly impact employers’ healthcare expenses,” said Michael Navin, Peek’s founder and a former pharma executive. “Peek brings transparency, simplicity, and affordability to prescription shopping.”
“We take the confusion out of buying prescriptions and make it as easy as comparing prices at the supermarket,” Navin added. “Employers can help employees save money, and in turn, improve their bottom line.”
Whether a company offers comprehensive benefits or not, they can provide Peek to their employees to streamline prescription costs.
About Peek
Peek’s Prescription Marketplace offers employers an innovative way to manage prescription costs by delivering transparency, simplicity, and savings. By aggregating cash discount cards, manufacturer copay offset programs, and insurance information, Peek gives employees a holistic view of prescription price options. The platform provides a seamless, one-stop shopping experience for prescriptions.
With decades of pharmaceutical industry expertise, Peek also provides services to biopharma manufacturers, brokers, benefits consultants, third-party administrators, and employers.
