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Big Employers Will Use Online Startup to Save on Medicine Costs

  • Health Transformation Alliance works with Rx Savings Solutions
  • Employer group HTA includes IBM, Verizon, and American Express
Eli Lilly & Co. Products Ahead Of Earnings Figures
Photographer: Daniel Acker/Bloomberg

A group of large employers plans to use a new online prescription-savings tool as they confront high drug costs and try to steer patients to the most cost-effective medicines.

The Health Transformation Alliance, a coalition of more than 40 big companies that includes IBM Corp., Verizon Communications Inc. and American Express Co., has agreed to use a new online tool from startup Rx Savings Solutions to help the millions of people who work for the group’s members get better deals on their medications.