-
-
Prescription record for patients
-
PRX logo
-
MatchMyRx logo
Inspiration
We built our company PRX Control Solutions to:
- Help payers reduce the overall excess of prescription costs
- Help providers identify improper prescriptions and uncoded chronic patients
- Help patients understand their medications and increase adherence
What it does
MatchMyRx proprietary algorithms can match medications with health conditions to:
- Help payers and health plans detect abuse and waste in real-time at the pharmacy
- Help providers detect uncoded chronic health conditions in real-time at the point of care
- Help improve prescription data
How we built it
We've been working more than 4 years on our algorithms. We first built an MVP to test out with 7 health insurance companies. After receiving market validation, we proceeded to build a suite of solutions to help payers reduce drug benefit costs. We recently launched MatchMyRx, our latest app to increase more awareness on patients.
Challenges we ran into
- Long sales cycle on the payer side
- Knowing the right people within each potential client
Accomplishments that we're proud of
- We've saved more than $35 million dollars to our customers in Venezuela, where we started our company
- We were part or Wayra's accelerator program
- We won a grant from the city of Miami
- We did a case study with the CMS data program and identified a huge opportunity for the US market
- We've done 3 other case studies with private insurers with amazing results
What we learned
- Long sales cycles can kill a startup
- Build an MVP and then pivot according to market needs
- Find the right mentors and advisors
What's next for MatchMyRx
- License our IP to payers and health plans
- Offer our IP to EHRs as a free add-on to help doctors identify uncoded chronic patients
- Grow our patient user-base
Log in or sign up for Devpost to join the conversation.