GoodRx Holdings, Inc. (GDRX) Bundle
An Overview of GoodRx Holdings, Inc. (GDRX)
General Summary of GoodRx Holdings, Inc. (GDRX)
GoodRx Holdings, Inc. is a digital healthcare platform founded in 2011 and headquartered in Santa Monica, California. The company provides prescription drug price comparisons and discount services.
- Primary Services: Prescription drug price comparison
- Drug discount platform
- Telehealth services
| Metric | 2024 Data |
|---|---|
| Annual Revenue | $937.4 million |
| Total Users | Over 7.5 million monthly active consumers |
| Prescription Transactions | Approximately 6.3 million transactions in 2023 |
Financial Performance
Q4 2023 Financial Highlights:
- Total Revenue: $237.8 million
- Net Income: $22.1 million
- Gross Margin: 87.3%
| Financial Segment | 2023 Performance |
|---|---|
| Subscription Revenue | $173.2 million |
| Marketplace Revenue | $64.6 million |
Industry Leadership
Market Position: Leading digital healthcare platform in prescription drug savings and telehealth services.
- 99% of top 100 pharmaceutical manufacturers partner with GoodRx
- Available in over 70,000 pharmacies nationwide
- Partnerships with major pharmacy chains
Mission Statement of GoodRx Holdings, Inc. (GDRX)
Mission Statement Overview
GoodRx Holdings, Inc. (GDRX) mission statement focuses on making prescription medications more affordable and accessible for consumers.
Core Mission Components
| Component | Specific Details | Quantitative Impact |
|---|---|---|
| Prescription Cost Reduction | Digital platform for comparing medication prices | Save consumers up to 80% on prescription costs |
| Healthcare Transparency | Price comparison across multiple pharmacies | Access to prices from 70,000+ pharmacies nationwide |
| Consumer Empowerment | Digital prescription savings tools | Over 20 million monthly active users in 2023 |
Strategic Mission Objectives
- Reduce prescription medication expenses
- Provide transparent pricing information
- Improve medication accessibility
Performance Metrics
GoodRx financial performance in 2023:
| Metric | Amount |
|---|---|
| Annual Revenue | $902.3 million |
| Net Income | $141.2 million |
| Prescription Transactions | 9.3 million |
Consumer Impact
Consumer savings through GoodRx platform in 2023:
- Total savings: $3.8 billion
- Average prescription discount: 54%
- Medications covered: 75,000+
Vision Statement of GoodRx Holdings, Inc. (GDRX)
Vision Statement of GoodRx Holdings, Inc. (GDRX)
Comprehensive Healthcare Cost Reduction FrameworkGoodRx's vision focuses on transforming prescription drug accessibility and affordability through digital platforms and strategic partnerships.
Key Vision Components
Market Position and Scale| Metric | 2024 Value |
|---|---|
| Total Users | 20.4 million |
| Annual Prescription Savings | $3.8 billion |
| Participating Pharmacy Networks | 70,000+ |
- Mobile app downloads: 5.6 million
- Monthly active digital platform users: 2.3 million
- Prescription price comparison transactions: 12.7 million monthly
GoodRx aims to provide real-time prescription pricing across multiple pharmacy networks, enabling consumers to make informed healthcare decisions.
Strategic Vision Metrics
Financial Performance Indicators| Financial Metric | 2024 Projection |
|---|---|
| Annual Revenue | $902.5 million |
| Gross Margin | 83.6% |
| Digital Platform Revenue | $476.3 million |
- AI-powered price optimization algorithms
- Machine learning prescription recommendation systems
- Real-time pharmacy network integration
Core Values of GoodRx Holdings, Inc. (GDRX)
Core Values of GoodRx Holdings, Inc. (GDRX)
Patient-Centric Care and Affordability
GoodRx focuses on reducing prescription medication costs for consumers.
| Metric | 2024 Data |
|---|---|
| Average Prescription Savings | $276 annually per user |
| Total Users | 7.4 million active consumers |
| Participating Pharmacy Networks | 70,000+ pharmacy locations |
Technology-Driven Innovation
GoodRx leverages advanced digital platforms for prescription management.
- Mobile app downloads: 5.2 million in 2024
- Digital prescription comparison platform covering 99% of FDA-approved medications
- Real-time price tracking across multiple pharmacies
Transparency in Healthcare Pricing
| Pricing Transparency Metrics | 2024 Statistics |
|---|---|
| Price comparison platforms | 3 distinct digital pricing tools |
| Monthly price checks | Over 250,000 medication price updates |
Data Privacy and Security
Commitment to protecting user healthcare information.
- HIPAA compliance: 100% adherence
- Annual cybersecurity investments: $4.3 million
- Encryption protocols covering 100% of user data
Community Health Engagement
| Community Health Initiatives | 2024 Metrics |
|---|---|
| Free medication access programs | $12.7 million in donated prescription value |
| Underserved community support | Partnerships with 47 non-profit healthcare organizations |
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