Oration’s solution makes prescription management easier, more affordable

Oration

Oration, which makes it fast and easy to purchase prescription drugs at the lowest price, is launching OrationRx, the first software solution that enables employees to manage their prescriptions, purchase the cheapest drugs, and improve the pharmacy experience from beginning to end — all from their mobile devices. The platform can identify prescription prices and availability in a given area and allow patients to choose and order them on the spot, saving themselves and their employers both time and potentially thousands of dollars each year.

OrationRx’s early adopters include a number of large employers such as Workday, Young’s Market, and Peterson CAT, a large dealer of Caterpillar construction equipment.

OrationRx’s early adopters include a number of large employers such as Workday, Young’s Market, and Peterson CAT.“There’s something very, very wrong with that picture, and Oration is committed to helping correct that,” said Oration CEO, Pramod John. “Our mission is very simple: we want to make healthcare accessible to American workers by making the pharmacy experience more convenient to consumers and empowering them to buy the drugs they need at the lowest cost possible. Those two changes make for better adherence and a healthier workforce.”

In 2014, the company secured $11.2 million in Series A funding in a round led by DFJ Venture, with participation from Google Ventures, Andreessen Horowitz, Chicago Ventures, Data Collective, Work-Bench, Arsenal Venture Partners, TiE Angels and various other individuals.

Roughly $370 billion is spent annually for prescription drugs in the U.S. alone. According to Express Scripts, $93.1 billion of prescription drug spend could have been saved if patients had price-shopped between pharmacies.