In this in-depth interview with Mark Cuban, he shares how his new company, Cost Plus Drugs, is on a mission to disrupt the prescription drug industry.
By charging a nominal 15% mark-up by eliminating the middle man, he and his team are making drugs affordable for everyone.
With more than 150 commonly prescribed medications available now, and a plan to have 2,000 by the end of the year, Cost Plus Drugs is increasing #access, #equity, and are helping #patients with prescription #compliance.
Mark is passionate about #pricetransparency and it’s one of the ingredients to the “secret sauce” of Cost Plus Drugs.
Throughout the interview, Mark shares many thoughts about our healthcare system, healthcare pricing, and why this all matters to him so much. You can’t miss this awesome interview!
Podcast links and topical time codes further below.
Learn more about Cost Plus Drugs: https://costplusdrugs.com
Follow Cost Plus Drugs on social media:
https://twitter.com/costplusdrugs
https://www.linkedin.com/company/costplusdrugs/
https://www.facebook.com/costplusdrugs
You can also catch this interview on podcast providers:
Apple podcast link:
https://podcasts.apple.com/us/podcast/speaking-of/id1549592446
I Heart podcast link:
https://www.iheart.com/podcast/269-speaking-of-76708275/#
Spotify podcast link:
https://open.spotify.com/show/1g2LUGr0SzxbBmSHB3FHyL?si=PNO79sBOReGXQJu_CrsJEg
Topical time codes:
00:00 – Video begins
00:43 – Disrupting the drug industry
4:29 – Expanding to 2,000 drugs by the end of 2022
6:04 – Drugs available to everyone
6:30 – Impetus for getting into healthcare
7:10 – Comparison of NYC & Toronto healthcare costs
8:30 – Price transparency is rarely found in any area of healthcare
9:50 – Agility and “competing against giants”
10:53 – Cost Plus Drugs “secret sauce”
11:57 – Patient success stories
14:19 – Challenges patients face
14:55 – Potential of working with insurance companies in future
16:17 – Competing on price
17:43 – Breaking barriers
22:10 – Insurance/healthcare contracting
26:16 – Enforcing transparency
27:24 – Canadian pricing model
30:24 – Hybrid payer system
