CHICAGO and SANTA MONICA,
Calif., Aug. 2, 2021
/PRNewswire/ -- GoHealth, Inc. (GoHealth) (NASDAQ: GOCO), a leading
health insurance marketplace and Medicare-focused digital health
company, and GoodRx, Inc. (NASDAQ: GDRX), America's leading
resource for healthcare savings, today announced an exclusive
agreement to bring GoHealth's Medicare enrollment and engagement
solutions directly to GoodRx users on the GoodRx platform.
Of the nearly 20 million people who come to GoodRx every month
looking for savings, millions of them have Medicare, based on
GoodRx's internal analysis, while many others qualify for the
program each year as they age in. GoodRx consumers who want to
explore Medicare coverage options and understand potential benefits
or savings will be able to access information about GoHealth's
market-leading Medicare plan selection solutions. Those who enroll
in a Medicare plan through GoHealth have access to a suite of
healthcare services to further improve health outcomes. For
instance, GoHealth members will receive ongoing engagement and
education around pharmacy options and prescription savings related
to their Medicare Advantage plan to maximize the value of their
prescription plan benefits.
GoHealth consumers will also have access to GoodRx prescription
discounts on GoHealth's Encompass platform. GoodRx prescription
discounts can provide savings of up to 80% from the pharmacy retail
price and are accepted at over 70,000 pharmacies nationwide,
including Albertsons, CVS, Kroger, Rite Aid, Walmart and
Walgreens.
"We're excited to bring GoodRx into GoHealth's robust ecosystem
of strategic partners. Prescription costs are a major financial
barrier for many people, especially Medicare members, and GoodRx's
platform is greatly beneficial to finding savings for our members.
Through this strategic partnership, we are giving our members
affordable choices to further improve health outcomes, while also
helping GoodRx's users find and enroll in the right Medicare
coverage plan that fits their needs, a real win-win," said
Ben Miller, Senior Vice President,
Strategic Partnerships at GoHealth.
GoodRx is one of the many strategic partners GoHealth has added
to its Encompass technology, a proprietary engagement platform that
maximizes members' utilization of their benefits once enrolled in a
plan, ensuring that members receive the care they need. This
agreement is part of GoHealth's ongoing commitment to improve
access to healthcare in America.
"The strategic partnership with GoHealth adds critical
information to our platform that helps users as they seek to
understand and navigate the complex world of Medicare," said
Doug Hirsch, co-CEO and co-founder
of GoodRx. "The level of Medicare expertise and service that
GoHealth provides, combined with our prescription savings value
proposition, creates immense value all around."
About GoHealth, Inc.:
As a leading health insurance marketplace and Medicare-focused
digital health company, GoHealth's mission is to improve access to
healthcare in America. Enrolling in a health insurance plan can be
confusing for customers, and the seemingly small differences
between plans can lead to significant out-of-pocket costs or lack
of access to critical medicines and even providers. GoHealth
combines cutting-edge technology, data science and deep industry
expertise to match customers with the healthcare policy and carrier
that is right for them. Since its inception, GoHealth has enrolled
millions of people in Medicare and individual and family plans. For
more information, visit https://www.gohealth.com.
About GoodRx:
GoodRx helps Americans get the healthcare they need at a price
they can afford. As America's leading resource for healthcare
savings, GoodRx connects consumers with affordable and convenient
prescriptions and medical care, including telehealth, mail order
prescriptions, doctor visits, and lab tests. We have helped
Americans save over $30 billion since
2011 and are one of the most downloaded medical apps over the past
decade.
Forward-Looking Statements (GoHealth)
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical facts contained
in this press release may be forward-looking statements. In some
cases, you can identify forward-looking statements by terms, such
as "may," "will," "should," "expects," "plans," "anticipates,"
"could," "intends," "targets," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these terms or other similar expressions.
Accordingly, we caution you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions and uncertainties that are difficult to
predict. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable as of
the date made, actual results may prove to be materially different
from the results expressed or implied by the forward-looking
statements. There are or will be important factors that could cause
the Company's actual results to differ materially from those
indicated in these forward-looking statements, including, but are
not limited to, the following: the Company's ability to comply with
the numerous, complex and frequently changing laws regulating the
marketing and sale of Medicare plans; the potential for an adverse
change in the Company's relationships with carriers, including a
loss of a carrier relationship; failure to grow the Company's
customer base or retain its existing customers; carriers' ability
to reduce commissions paid to the Company and adversely change
their underwriting practices; significant consolidation in the
healthcare industry which could adversely alter the Company's
relationships with carriers; information technology systems
failures or capacity constraints interrupting the Company's
operations; factors that adversely impact the Company's estimate of
LTV; the Company's dependence on agents to sell insurance plans;
changes in the health insurance system and laws and regulation
governing health insurance markets; the inability to effectively
advertise the Company's products; and our ability to successfully
implement our business plan during a global economic downturn
caused by the COVID-19 pandemic.
The foregoing factors should not be construed as exhaustive and
should be read together with the other cautionary statements
included in this press release, as well as the cautionary
statements and other risk factors set forth in the Company's Annual
Report on Form 10-K for the year ended December 31,
2020 and other SEC filings. If one or more events
related to these or other risks or uncertainties materialize, or if
the Company's underlying assumptions prove to be incorrect, actual
results may differ materially from what the Company anticipates.
Many of the important factors that will determine these results are
beyond the Company's ability to control or predict. Accordingly,
you should not place undue reliance on any such forward-looking
statements. Any forward-looking statement speaks only as of the
date on which it is made, and, except as otherwise required by law,
the Company does not undertake any obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise. New factors emerge
from time-to-time, and it is not possible for us to predict which
will arise. In addition, the Company cannot assess the impact of
each factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking
statements.
Forward-Looking Statements (GoodRx)
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including without limitation statements
regarding value of this partnership, consumer savings and benefits
and information available on the GoodRx platform. These statements
are neither promises nor guarantees, but involve known and unknown
risks, uncertainties and other important factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including,
but not limited to, risks relating to our acquisition strategy, the
integration of acquired business and the important factors
discussed under the caption "Risk Factors" in GoodRx's Annual
Report on Form 10-K for the year ended December 31, 2020, and our other filings with the
SEC. These factors could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release. Any such forward-looking statements represent
management's estimates as of the date of this press release. While
we may elect to update such forward-looking statements at some
point in the future, we disclaim any obligation to do so, even if
subsequent events cause our views to change.
Contacts:
GoHealth
Investor Relations,
IR@gohealth.com
Media Relations, pressinquiries@gohealth.com
GoodRx
Media Relations, press@goodrx.com
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SOURCE GoHealth, Inc.