RxSaveCard
RxSaveCard is a Chicago-based virtual payment card platform that lets self-funded employers' employees buy prescriptions at cash and discount prices across 65,000+ pharmacies without changing their PBM. It monetizes via employer subscription fees and transaction processing.
- Company typePrivate
- Founded2024
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What RxSaveCard does
RxSaveCard is a Chicago-based pharmacy benefit technology company founded in 2024 that operates a virtual payment card platform enabling employees of self-funded employers to purchase prescription medications at cash and discount prices — typically lower than PBM-negotiated rates — across a network of over 65,000 retail and home-delivery pharmacies. The core product is a virtual debit card (compatible with Apple Wallet and Google Pay) loaded by the employer with a monthly allowance; the platform automatically compares cash prices, PBM prices, and multiple discount card options at checkout, applying the lowest available price. Employers retain their existing PBM contracts, while RxSaveCard layers on top to capture savings on generics, GLP-1 weight-loss medications, and specialty/biosimilar drugs (including those available through Mark Cuban Cost Plus Drug Company, where savings can exceed 90%).
The company's product surface includes a Member Dashboard for card activation and fund management, a Price Check Tool for pre-fill price comparison, and the RxSaveCard Premium tier — an enhanced offering powered by a June 2025 integration with Scripta Insights that enables AI-driven, prescription-specific member outreach. Distribution is enterprise-direct sales to HR and benefits decision-makers, supplemented by pharmacy benefit consultants and brokers.
RxSaveCard monetizes through employer program fees (subscription/recurring) and transaction processing fees, with pricing tiered by drug category — a $25 monthly allowance covers most generics, a $400 monthly subsidy covers most GLP-1s. The company closed a $1.7M seed round in August 2024 led by Distributed Ventures, with Rock Health Capital's Bill Evans on the board. Leadership includes CEO Chris Crawford (ex-VIVIO, Mercer) and CTO/President Jace Mouse (ex-PerkSpot, Cappex).
RxSaveCard firmographics
Firmographics- Name
- RxSaveCard
- Legal name
- RxSaveCard Inc
- Website
- https://rxsavecard.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- RxSaveCard is a Chicago-based virtual payment card platform that lets self-funded employers' employees buy prescriptions at cash and discount prices across 65,000+ pharmacies without changing their PBM. It monetizes via employer subscription fees and transaction processing.
- Ownership category
- akta.pro rank
RxSaveCard industry classification
Industry- Product category
- Pharmacy Benefits Management
- NAICS
- Credit Card Issuing (522210), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Finance Services (6199), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Patient Financial Engagement (Estimates, Billing Presentment, Payments) (HLACAEAI)
Keywords
Where RxSaveCard is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RxSaveCard business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Employer Program Fees: Employers are charged fees for participation in the RxSaveCard program. The program provides a debit card for prescription payments, access to pharmacy discounts, and an employer-funded benefit program. Employers set monthly allowance amounts for employees.
- Transaction Processing: RxSaveCard facilitates prescription transactions through its network, with employers funding cards and members potentially adding personal backup funds. Transaction validation and processing fees may apply.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Generic Drug Coverage - $25/month employer allowance |
| Subscription | Monthly | GLP-1 Weight Loss Coverage - $400/month employer subsidy |
| Subscription | Monthly | Specialty/Biosimilar Coverage |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
RxSaveCard product offering
Product offeringCore offering
RxSaveCard provides a virtual payment card that allows employees of self-funded employers to purchase prescription medications at the lowest available cash or discount price across a network of 65,000+ pharmacies, without requiring employers to change their existing PBM. Employers fund monthly allowances onto the card, employees add personal backup funds if desired, and the card automatically applies the lowest price at checkout across retail, online, and home-delivery pharmacies including Mark Cuban Cost Plus Drugs.
Product overview
RxSaveCard is a pharmacy benefit platform centered on a virtual payment card that employees use to purchase prescription medications at cash and discount prices — often significantly lower than PBM-negotiated rates — across over 65,000 pharmacies without changing their existing PBM. The platform consists of the core RxSaveCard virtual card product, a Member Dashboard for managing funds and card details, and a Price Check Tool for comparing prices across the network. Three specialized program modules extend the core product: the Retail Program (for in-person pharmacy purchases), the Mark Cuban Cost Plus Drugs Program (for online specialty medication purchases), and the GLP-1 Program (for weight loss medications via home delivery). RxSaveCard Premium is an add-on tier offering enhanced employer engagement through AI-powered, prescription-specific member outreach via a Scripta Insights integration.
Differentiator
Problem solved
Functional benefit
Products and services
- RxSaveCard (Core Virtual Payment Card) A virtual payment card solution that empowers employees of self-funded employers to purchase prescription medications at lower cash and discount prices without changing their PBM. Employers fund monthly allowances onto the card, which is accepted at over 65,000 retail and home-delivery pharmacies and automatically applies the lowest available price at checkout.
- RxSaveCard Member Dashboard A member-facing web portal where employees activate their virtual RxSaveCard, view employer-loaded funds, access card details (card number, expiration, security code, BIN/PCN/Group ID/Member ID), add personal backup funding sources, and track transaction history.
- RxSaveCard Price Check Tool An online search tool that allows employees and employers to compare prescription medication prices across the RxSaveCard pharmacy network, identifying the lowest available price at nearby pharmacies before filling a prescription.
- RxSaveCard Premium An enhanced tier of the RxSaveCard program offering deeper employer engagement, including personalized savings reminders and multi-channel, prescription-specific member outreach capabilities powered by integration with Scripta Insights' AI platform.
- RxSaveCard GLP-1 Program A dedicated program enabling employees to use their RxSaveCard to purchase GLP-1 weight loss medications at direct cash prices through approved online pharmacies with home delivery, bypassing insurance and PBM channels.
- RxSaveCard Retail Program A program enabling employees to use their RxSaveCard at local retail pharmacies (Walgreens, Walmart, Kroger, and others) by providing BIN/PCN/Member ID/Group ID to access discounted generic prescription prices, with employer funds automatically applied at checkout.
- RxSaveCard Mark Cuban Cost Plus Drugs Program A program allowing employees to use their RxSaveCard to purchase select medications through Mark Cuban Cost Plus Drug Company, an online pharmacy offering significantly reduced prices on specialty and generic medications delivered to the employee's door.
Quantifiable outcome
- 40-60% savings on many common prescriptions
- +3 more outcomes
Companies that use RxSaveCard
Customer profileSegments2 records
Ideal customer profiles2 records
RxSaveCard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature4 records
RxSaveCard partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Scripta InsightscoreRxSaveCard partnered with Scripta Insights for precision prescription outreach. Scripta's AI platform identifies employees taking medications that cost less through RxSaveCard and enables targeted member engagement with personalized savings information. Particularly valuable for RxSaveCard Premium clients seeking deeper member engagement.
- Mark Cuban Cost Plus Drug CompanycoreRxSaveCard integrates with Mark Cuban Cost Plus Drug Company, enabling employers and employees to access significantly lower medication prices through this online pharmacy. RxSaveCard BIN/PCN and card information is entered at Cost Plus Drugs checkout. Savings on specialty drugs can exceed 90%.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
RxSaveCard competitors and assessment
Company assessmentDirect peers
- GoodRx: Consumer-facing prescription discount platform aggregating cash prices across pharmacies; comparable cash-pay prescription pricing model, though B2C and pharmacy-paid rather than employer-funded like RxSaveCard.
- SingleCare: Prescription savings card and telehealth marketplace providing consumer discount pricing at retail pharmacies; operates the same kind of multi-network discount aggregation as RxSaveCard, but on a consumer-paid rather than employer-funded model.
- Scripta Insights: AI-powered prescription navigation platform that analyzes member claims to surface cash-pay and alternative sourcing opportunities; integrated with RxSaveCard for Premium-tier member outreach and shares the same employer cash-pay prescription thesis.
- Mark Cuban Cost Plus Drug Company: Online pharmacy selling medications at transparent cost-plus pricing; RxSaveCard integrates its BIN/PCN routing at checkout, making it both a channel partner and a direct cash-pay prescription model operating in the same employer cash-pay prescription space.
Emerging players
- Sesame: Cash-pay healthcare marketplace offering transparent prescription and care pricing directly to consumers and employers; comparable cash-pay philosophy and employer distribution, though broader in scope than RxSaveCard's pharmacy-card focus.
- Blueberry Medical: Early-stage pharmacy benefit alternative focused on transparent cash-pay models and member experience; smaller-scale emerging peer with comparable employer cash-pay prescription positioning.
Broad incumbents
- Capital Rx: Technology-driven PBM offering transparent, flat-fee pharmacy benefit administration to employers and plans; overlaps with RxSaveCard's PBM-disruption thesis and competes for the same self-funded employer budget, though as a full PBM rather than a complementary overlay.
- RxBenefits: Pharmacy benefit optimizer serving self-funded employers through broker and consultant channels; comparable employer customer base and competing for the same PBM-reform budget line, but as a PBM-aggregator rather than a cash-pay card overlay.
- VIVIO Health: Transparent PBM focused on eliminating spread pricing for self-funded employers; CEO Chris Crawford previously served as Chief Growth Officer at VIVIO, evidencing shared mission and customer base around PBM reform.
- SmithRx: Modern, transparent PBM targeting self-funded employers with pass-through pricing and technology-led service; comparable employer customer segment and PBM-reform value proposition as RxSaveCard.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
RxSaveCard social profiles
Digital presenceRxSaveCard financial estimates
Financial estimateRevenue estimate
Valuation estimate
RxSaveCard leadership team
Management profileNumber of profiles
Profiles4 records
RxSaveCard funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RxSaveCard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RxSaveCard
What does RxSaveCard do?
RxSaveCard provides a virtual payment card that allows employees of self-funded employers to purchase prescription medications at the lowest available cash or discount price across a network of 65,000+ pharmacies, without requiring employers to change their existing PBM. Employers fund monthly allowances onto the card, employees add personal backup funds if desired, and the card automatically applies the lowest price at checkout across retail, online, and home-delivery pharmacies including Mark Cuban Cost Plus Drugs.
Is RxSaveCard a public or private company?
RxSaveCard is a private company. It is classified as venture growth investor backed and is currently operating.
When was RxSaveCard founded?
RxSaveCard was founded in 2024. It employs 1 to 10 people.
Where is RxSaveCard based?
RxSaveCard is headquartered in Chicago, United States, in the North America region.
How does RxSaveCard make money?
Two revenue lines are on record. Employer Program Fees are the primary driver. The others are transaction Processing.
Who are RxSaveCard's main competitors?
Direct peers on record are GoodRx, SingleCare, Scripta Insights and Mark Cuban Cost Plus Drug Company. Emerging players are Sesame and Blueberry Medical. Broad incumbents are Capital Rx, RxBenefits, VIVIO Health and SmithRx.
Does RxSaveCard have an API?
No public API is recorded for RxSaveCard.
What industry is RxSaveCard in?
RxSaveCard's product category is Pharmacy Benefits Management. Its primary akta.pro industry code is HLACAEAI, Patient Financial Engagement (Estimates, Billing Presentment, Payments). Its NAICS code is 522210 and its SIC code is 6199.