Digital Health Heavyweights
This conversational podcast brings you exclusive interviews with all the Heavyweights in Digital Health. Hosted by Norm Volsky, a top industry headhunter, whose team helped scale companies including Livongo, Hinge Health, Lyra, Virta, Progyny and many more. This series will bring listeners insights into the latest trends, technologies, and strategies driving the digital health revolution.
In each episode, Norm sits down with some of the most influential and innovative leaders in healthcare technology today from legendary founders who have built successful companies, venture capitalists who have led funding rounds, HR/Benefits leaders at forward thinking companies, Consultants and Brokers at the top benefits consulting firms, and other impactful visionaries challenging the status quo in healthcare. Listeners can learn from the industry greats who have created what we now know as health benefits, and who are changing the face of healthcare as we know it.
Whether you're a healthcare professional, a tech enthusiast, a start-up founder, benefits aficionado, jobseeker in Digital Health, or simply curious about the future of healthcare, Digital Health Heavyweights has something for you.
Digital Health Heavyweights
Episode 54 - Chris Crawford, Chief Executive Officer at The Rx Save Card
Welcome back to the Digital Health Heavyweights Podcast for Episode 54! In today’s episode, Norm Volsky interviews Chris Crawford, founder and CEO of RX Save Card. They discuss Chris's journey into healthcare, his experiences at Health Strategy, and the complexities of the pharmacy benefits management (PBM) landscape. Chris shares insights on the importance of having experts in the field, the role of consultants, and the impact of recent lawsuits on PBM practices. The conversation also covers the innovative solutions offered by RX Save Card to help employers save on prescription costs, the member experience, and the future of the PBM market.
Takeaways
🩺 Chris Crawford transitioned from accounting to healthcare to help people.
📊 Health Strategy provided Chris with a deep understanding of pharmacy benefits.
⚖️ Employers need to be cautious about their relationships with PBMs.
💊💰 RX Save Card aims to help employers save on prescription costs.
🔍⚖️ The pharmacy benefits landscape is under scrutiny due to recent lawsuits.
🧑🏫 Consultants play a crucial role in navigating PBM relationships.
💡 Innovative solutions are needed to address high prescription costs.
🌐✨ The member experience with RX Save Card is designed to be seamless.
🤝📈 Fundraising for RX Save Card was relationship-driven and focused on product development.
🔮🛒 The future of the PBM market will involve more transparency and choice.
Chapters
00:00 Introduction and Background
03:02 Revolutionizing Employer-Sponsored Prescription Benefits
09:56 The Role of Consultants in Guiding Employers
12:36 Challenges and Opportunities in Precision Pharmacy
16:43 Balancing Cost Savings and Trust in Healthcare
19:16 The Impact of ERISA Class Action Lawsuits
19:40 Eye-Opening Experience of Prescription Drug Costs
21:34 RxSafecard: Getting Rid of Waste in PBM Spend
23:42 Accessing Lower Drug Prices Outside of PBMs
25:29 Implementing RxSafecard and Getting It Up and Running
32:10 Coexistence with New Age PBMs
36:17 Predictions for the PBM Market
38:36 Practicing What You Preach: Fitness and Healthy Eating
41:07 Outro
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