Fort Lauderdale, FL, Sept. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MediXall Group Inc., (OTCQB: MDXL), creator of MediXall.com, a new generation healthcare marketplace platform designed to address the growing need of self-pay and high deductible consumers for greater transparency and price competition in their healthcare costs, is pleased to announce that it has entered into a strategic partnership with MedAffect, the administrator for leading companies in the prescription discount card and other industries, to launch the MediXallRx Discount Program in early fourth quarter. Through MediXall.com, consumers will have access to drug price comparison technology that provides accurate drug prices from national pharmacy chains as well as regional and local drug stores across the nation. The MediXallRx program will benefit underinsured consumers that have gaps in prescription coverage, high co-pays, and/or high deductibles as well as the uninsured.
Once MediXallRx launches in October, MediXall.com will provide a powerful, free tool for consumers to search and compare prescription drug prices, which can differ greatly between competing pharmacies, and receive immediate savings using the MediXallRx Saving Card at the register on both generic and brand prescription medications. Consumers simply enter the name of a prescription drug and their zip code. MediXallRx will immediately display both a list and a map of prices for both the brand name and generic versions of the drug from local pharmacies.
By leveraging MedAffect’s national pharmacy network, the MediXallRx Savings Card will be accepted nationwide at more than 60,000 participating pharmacies, including Walgreens, CVS, Target, Walmart, and other national chains as well as regional and local drug stores. Savings of up to 80 percent can be applied to prescription medications for the entire family – even pets.
This collaboration will allow MediXall to provide their membership with convenient, free access to prescription savings in their area, while enabling more support for consumers to direct their own care and ensuring that they have the tools necessary to make informed choices. The MediXallRx Discount Program was designed to benefit a wide range of consumers, including the following:
- Consumers that do not have health insurance can use the MediXallRx Savings Card for any brand name or generic prescriptions they or any of their household members pay for out-of-pocket.
- Consumers with health insurance coverage can use the MediXallRx Savings Card for any prescriptions that are not covered by their insurance plan or for family members not covered by insurance.
- Consumers that have Medicare and are enrolled in a Medicare Part D plan can use the MediXallRx Savings Card for any prescriptions that are excluded by Medicare Part D law.
- Consumers that have Medicare and decide not to enroll in Medicare Part D can save money instantly with a MediXallRx Savings Card. There are no age or income restrictions.
- Consumers that have Medicaid can save money instantly with a MediXallRx Savings Card on any prescriptions not covered. There are no age or income restrictions.
(Note: The card cannot be used in combination with any third-party payor program including but not limited to Medicare and Medicaid.)
“We built MediXall with the mission of making the healthcare process more consumer-focused and cost-effective through transparency, personalization, and simplicity,” said Michael Swartz, President of MediXall. “The MediXallRx Discount Program is uniquely positioned to create real change and deliver meaningful prescription savings solutions due in large part to our dynamic partnerships with industry-leading organizations who share our focus on enabling more efficient, cost-effective healthcare for the consumer.”
The increasing presence of high-deductible and catastrophic health plans continues to put more emphasis on the need for patients to become knowledgeable consumers of healthcare. As such, it becomes essential for the industry to show up with universal price-transparency tools. MediXall.com was developed to address this growing need of self-pay and underinsured consumers for greater transparency and price competition in their healthcare costs.
The online experience for MediXall.com was designed to mirror other e-commerce sites found in other markets, centered around creating an online marketplace for healthcare services in the same way retailers sell their goods on traditional e-commerce platforms, providing consumers user-generated reviews, transparent pricing, and comparative shopping. With the addition of the new MediXallRx Discount Program, MediXall.com will also be able to bring consumers greater price transparency for all prescription drugs.
“MedAffect is pleased to be working with the innovative healthcare solution provider MediXall, providing their customers with a free prescription discount card. We share their desire to make prescriptions affordable to uninsured and underinsured consumers. These individuals often don't fill their prescriptions simply because they can't afford them,” said Ceci West, Chief Marketing and Purpose Officer of MedAffect.
About MediXall.com
Medixall.com is a new generation healthcare marketplace platform designed to address the growing need of self-pay and high deductible consumers for greater transparency and price competition in their healthcare costs. The MediXall.com platform makes scheduling an appointment for specific healthcare services as simple and easy as booking a flight and hotel. The online experience was designed to mirror e-commerce and online booking sites found in other markets, with it centered on providing consumers with ratings/reviews, transparent pricing, and comparative shopping. With MediXall.com, consumers can search and compare most medical, dental and wellness services based on all-in cash price, location/distance, ratings, & availability, and select the best value according to their personal preferences. In this era of rapidly increasing deductibles and healthcare costs, the cloud-based platform is designed to be transformational and disruptive to traditional methods of medical care and provisioning of medical services to the consumer. For more information, please visit www.medixall.com or call (954) 908-3481.
About MediXall Group, Inc.
MediXall Group is a technology and innovation-driven organization purposefully designed and structured to bring effective change to the U.S. healthcare industry that is actively trading on the OTCQB under the symbol “MDXL.” The Company believes its revolutionary approach will help drive much-needed change that it envisions is needed in the current healthcare system. The mission of the MediXall Group is to revolutionize the medical industry by improving communication; providing better technology and support services; and enabling more efficient, cost-effective healthcare for the consumer. By approaching the healthcare ecosystem as a whole, MediXall creates, invests and incubates companies that embody its mission statement. For more information, please visit www.medixallgroup.com or call (954) 908-3481.
About MedAffect
MedAffect is a business-to-business organization that provides clients with the resources they need to grow. The company is the administrator for leading companies in the prescription discount card and other industries. It specializes in business services such as accounting & finance, marketing, information systems, human resources, and other operational needs. MedAffect's leaders work with companies to incorporate nonprofit partnership programs into the way they do business. For more information, please visit https://www.medaffect.com/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company’s ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.