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doug hirsch

Co-Founder, GoodRx | Affordable healthcare would be awesome.

Doug Hirsch is a Silicon Valley veteran and technology entrepreneur who co-founded GoodRx, a digital health company that helps Americans access affordable prescription medications. He has an extensive background in technology and product development, having previously worked at prominent companies like Yahoo! and Facebook.1

Professional Background

Key Career Highlights::

  • Co-founder of GoodRx, established in 20112
  • Early employee at Yahoo!, where he created online communities like Yahoo! Mail and Yahoo! Groups1
  • Vice President of Product at Facebook, where he co-launched photo-tagging1
  • Founder and CEO of DailyStrength, a health-focused social network5

GoodRx Journey

Hirsch co-founded GoodRx after being shocked by the high and variable prescription drug prices he encountered personally.2 The company provides prescription drug price comparison tools and discount coupons, helping consumers find more affordable medication options.3

In April 2023, Hirsch transitioned from Co-CEO to Chief Mission Officer, continuing to work closely with the healthcare industry and GoodRx's network of providers and partners.34

Personal Details::

  • Education: B.A. in Political Science from Tufts University4
  • Location: Santa Monica, California5
  • LinkedIn Username: dougjoe5

Highlights

Aug 22 · linkedin

Only 50%? In my experience, it’s more like 99%…

https://lnkd.in/gx8cHuAk

Aug 16 · linkedin

The US government is now negotiating some drug prices. So what does it mean?

Today, we finally learned the outcome of negotiations between the U.S. government and pharmaceutical companies to lower Medicare prices for select prescription medications as part of the Inflation Reduction Act (IRA).

At GoodRx, we support all efforts to lower the cost of medications for consumers. Since 2011, we’ve remained steadfast in our belief that people are simply paying too much to stay healthy. We work hard every single day to change this reality so consumers no longer need to choose between protecting their health and paying for life’s other essential expenses. Today’s news is a step in the right direction.

Only 10 brand-name medications were included in the initial IRA negotiations. These medications represent minimal volume on GoodRx’s prescription marketplace - only .1% of our claims in July 2024, for example.

While the negotiated prices will save Medicare billions of dollars, these reductions likely won’t have a significant impact on how much patients pay. Consumer out-of-pocket costs will continue to be dictated by the benefit design of their specific insurance plans, not the price ceilings for the medications themselves.

This is why bringing cash price savings opportunities to consumers remains so important. GoodRx works directly with manufacturers of brand-name medications to bring their savings and support programs to consumers. For example, last year we partnered with Sanofi to make the insulin Lantus available for $35 at 70,000 pharmacies. This year, we partnered with Boehringer Ingelheim to provide Adalimumab-adbm, an FDA-approved interchangeable biosimilar to Humira, at a 92% discount from the Humira list price. These are just two of the many ways we’re bringing cost savings directly to the patients who need these discounts most.

Looking forward, our sights are set on continuing to improve affordability for consumers and establishing additional cash savings opportunities for the medications our users rely on to maintain good health. Today, we have contracted cash programs with almost 40 brand medications, and we expect to add a number of high-impact brands over the next few quarters. We’re continuing our conversations with several pharma manufacturers to provide more affordable ways for people to access medications and welcome the opportunity to work with those outlined in today’s news.

While these negotiations may not have a transformational impact on consumer’s wallets, they do draw attention to the outrageous costs placed on people who are just trying to access basic healthcare. We look forward to continuing to work with patients, physicians, pharmaceutical manufacturers and pharmacies to produce meaningful change.

Related Questions

What inspired Doug Hirsch to co-found GoodRx?
How has Doug Hirsch's background at Yahoo and Facebook influenced his work at GoodRx?
What are Doug Hirsch's views on the role of AI in healthcare?
How does GoodRx differentiate itself from competitors like Amazon and Cost Plus Drugs Company?
What are the biggest challenges Doug Hirsch has faced at GoodRx?
doug hirsch
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Location

Santa Monica, California, United States