February 23, 2012 - Press Release | LowestMed

February 23, 2012 – Press Release

LowestMed Mobile App Hits 15,000 Downloads in Less than One Month, Saving iPhone and Android Users on Prescription Drug Prices

  • In Less Than One Month, Thousands of Smartphone Users have Benefited from the App, which Offers Best Prices for Prescription Drugs at Local Pharmacies
  • LowestMed Saves Consumers More by Providing Discount Card and Highlighting $4 Generic Prescriptions

SALT LAKE CITY (February 23, 2012)—LowestMed today announced that its first-of-its-kind, free mobile app to help consumers find the best deals on prescription drugs has received more than 15,000 downloads in just its first few weeks on the market.

“We knew this would be a useful app, but we’re thrilled with how well it has been received,” says LowestMed CEO Brad Bangerter, whose company released the software for iPhones and Android devices on January 25. “People are discovering that, finally, prescription pricing can be transparent just by tapping on the LowestMed app.”

The app was born of the realization that most consumers don’t know that prices for the same medication can vary widely from one drug store to the next. Until now, the only way to do price comparisons on a local level was to go to each pharmacy and submit an insurance claim. LowestMed’s app empowers consumers with the means to quickly identify the least expensive prescription drugs close to home.

“We are, for the pharmacy marketplace, what Travelocity or KAYAK are for the travel industry, by providing a one-stop, fast, convenient and easy way for consumers to maximize savings on their medications,” Bangerter added. “The LowestMed app and pharmacy discount card are designed to serve both insured and uninsured consumers, who are shouldering more of the burden of healthcare costs. This app is designed to help everyone save time and money.”

The LowestMed app saves users money in several ways. For example, when a consumer needs to fill a prescription and enters the medication name on the new app, LowestMed provides a list of discounted prices at nearby pharmacies for both brand name brand prescription drugs and their generic alternatives. The app also includes access to the free LowestMed discount card, which when displayed at the point of sale ensures savings of up to 85 percent off of retail prices.

In addition to price comparison and a drug discount card, the LowestMed app provides a money- saving service to consumers in publishing alternative prescription drugs, including popular $4 generics, which competitors choose not to publish. The app will identify the store location with the lowest price and provide a GPS-enabled map to that store.

For more information about LowestMed and the new mobile app, visit www.lowestmed.com. To download the LowestMed mobile app, visit www.lowestmed.com using the browser on an iPhone or Android device or search the Apple App Store or Android Marketplace.

LowestMed also offers the prescription price comparison tool to computer users at its website, www.lowestmed.com.


About LowestMed

LowestMed provides prescription drug pricing information to consumers to help manage healthcare expenses. The company’s discount drug programs help consumers find and compare the costs of prescription drugs at local pharmacies so they can reduce out-of-pocket costs. LowestMed’s proprietary technology effectively makes prescription drug pricing transparent, while its discount drug program further minimizes costs for consumers who are uninsured or on high-deductible health plans.

For more information, visit: www.lowestmed.com.

Press Contact

Ben Hibshman
LowestMed Public Relations
(855)569-6337 Option 3