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. Chapters00:00 Introduction and Background03:02 Revolutionizing Employer-Sponsored Prescription Benefits09:56 The Role of Consultants in Guiding Employers12:36 Challenges and Opportunities in Precision Pharmacy16:43 Balancing Cost Savings and Trust in Healthcare19:16 The Impact of ERISA Class Action Lawsuits19:40 Eye-Opening Experience of Prescription Drug Costs21:34 RxSafecard: Getting Rid of Waste in PBM Spend23:42 Accessing Lower Drug Prices Outside of PBMs25:29 Implementing RxSafecard and Getting It Up and Running32:10 Coexistence with New Age PBMs36:17 Predictions for the PBM Market38:36 Practicing What You Preach: Fitness and Healthy Eating41:07 OutroFollow, connect and subscribe:LinkedIn: https://www.linkedin.com/company/digital-health-heavyweights-podcastYoutube: https://youtube.com/@DigitalHealthHeavyweightsInstagram: https://www.instagram.com/digitalhealthheavyweights/TikTok: https://www.tiktok.com/@heavyweightspodcast