Groundbreaking companies are challenging the status quo in employee benefits.

INDUSTRY BRIEFS

pharmaceuticals:

THE MARK CUBAN COST PLUS DRUG COMPANY

The Mark Cuban Cost Plus Drug Company aims to fundamentally change the way the pharmaceutical industry operates. As a publicbenefit corporation, its social mission of improving public health is just as important as the bottom line. The company transparently charges a standard markup on every drug it sells. With the launch of its online pharmacy’s first inventory of 100 affordable generic drugs in January 2022, establishment as a vertically integrated pharmacy benefits manager, and construction of a state-of-the-art pharmaceutical factory in Dallas slated for completion by the end of 2022, the company is well on its way to making medication affordable for all. For more information, visit costplusdrugs.com.

prescriptions:

GoodRx is the first and only prescription drug price comparison tool created for consumers with prices from pharmacies nationwide. The company gathers current prices and discounts on medications to help members find the lowest-cost pharmacies for their prescriptions — all 100% free with no registration required. GoodRx’s founders are seasoned technology executives who were early employees at Facebook, Yahoo, and other successful companies. The company has received seed funding from Founders Fund, GRP Partners, Highland Capital, SV Angel, Lerer Ventures, and others. For more information, visit goodrx.com.

digital health:

Hinge Health is building the world’s most patientcentered Digital Musculoskeletal (MSK) Clinic™. It is now the leading Digital MSK Clinic, used by 4 in 5 employers and 90% of health plans with a digital MSK solution. Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable sensors and computer vision technology with a comprehensive clinical care team of physical therapists, physicians, and board-certified health coaches. Hinge Health’s HingeConnect integrates with nearly 1 million in-person providers and enables realtime interventions for elective MSK surgeries, driving proven medical claims reduction. Available to millions of members, Hinge Health is widely trusted by leading organizations such as Land O’Lakes, Salesforce, SelfInsured Schools of California, Southern Company, State of New Jersey, US Foods, and Verizon. For more information, visit hingehealth.com.

fertility :

Carrot Fertility is the leading global fertility benefits provider for employers, built to support employees through their entire fertility health care journey. Companies use Carrot to customize a fertility benefit that provides employees financial, medical, and emotional support as they pursue parenthood, resulting in better clinical outcomes. Carrot’s program includes egg freezing, in vitro fertilization, donor and gestational carrier services, adoption, and many other services. Founded in 2016, Carrot has raised funding from U.S. Venture Partners, F-Prime Capital, CRV, Precursor Ventures, Maven Ventures, Sound Ventures, and Uncork Capital. For more information, visit carrotfertility.com.

women’s health:

Midi is a virtual clinic that provides specialty care for women 40-plus. It uses video visits to connect people with clinicians trained specifically in perimenopause, menopause, and other aspects of female midlife health. The company collaborates with patients to improve their symptoms with a care plan personalized to their medical history, genetics, and approach to health. Midi care is holistic, which means it may include prescription drugs, supplements and botanical remedies, wellness therapies, and lifestyle coaching. Midi orders any blood work or imaging needed to track and treat patients’ unique hormonal transition, referring patients to regular doctors or specialists for any necessary in-person care. For more information, visit joinmidi.com. 