Waltz Health, a Chicago-based digital health company offering an AI-powered marketplace for prescription drugs, has launched Waltz Connect to reduce the cost of specialty medication. The new end-to-end technology platform manages every aspect of payer medication coverage.
Waltz Connect includes patient engagement support and a competitive marketplace featuring a network of high-quality specialty pharmacies offering a wide range of services, pricing, and clinical outcomes.
This leads to stiff competition among specialty pharmacies, resulting in relatively lower specialty costs, improved member experience, and better health outcomes for the members. The platform’s flexible design makes it easy for payers to deploy it for specific drug classes, individual drugs, or across all specialty drug formularies.
Waltz Connect Platform
Waltz Connect platform is based on Waltz Health’s AI-powered prescription routing software known as the Intelligent Specialty Engine. The software selects the best and most suitable specialty pharmacy according to the criteria selected by each payer.
According to Mark Thierer, co-founder and CEO of Waltz Health, the platform aims to bring flexibility, transparency, and efficiency to specialty benefit management, resulting in competition and lowering the cost of specialty medication.
Waltz Connect solves the problem of high costs of prescription medicines and delayed delivery by rerouting specialty prescriptions to the best pharmacy option by considering individual members’ benefit design and attributes such as price, fulfillment accuracy, turnaround time, members’ experience, and adherence rates, among others.
This ensures members get their prescribed medicine from an optimally fulfilling pharmacy without friction. The platform also captures all the necessary information needed by payers, such as prescription onboarding, details on medical conditions, contact details, expected medicine delivery time, and the number of refills, to ensure a seamless member experience.
