#United States #Austin #RazorMetrics #Prescription Savings #Ohio Health

RazorMetrics Achieves Major Savings in Ohio

In a groundbreaking announcement, RazorMetrics, a leader in pharmacy cost containment technology, revealed that it has saved over $11 million in prescription drug costs for health plans and residents in Ohio. This impressive outcome benefits nearly 60,000 individuals covered by these plans, highlighting the company's commitment to making medications more affordable and accessible.

Rising prescription prices are a significant challenge for employers, health plans, and various public sector programs across the United States. The innovative solutions offered by RazorMetrics tackle avoidable pharmacy expenses, such as unnecessary treatments and excessive medication supplies, while seamlessly integrating into existing prescriber workflows. This efficiency ensures that physicians can continue to provide optimal patient care without financial strain.

Dr. Siva Mohan, the Chief Medical Officer and President of RazorMetrics, noted, "There are clear inefficiencies in prescribing and pharmacy workflows that lead to higher medication costs. By identifying and promoting cost-saving opportunities for physicians, we alleviate financial burdens without compromising care for patients."

The platform developed by RazorMetrics utilizes cutting-edge technology to integrate directly within clinical workflows, offering physicians opportunities to optimize medication switching, deprescribing to eliminate unnecessary drugs, deduplication to avoid duplicate prescriptions, and encouraging the use of biosimilars—aligning with each health plan's design and formulary preferences.

Impact on Ohio's Financial Landscape

"Employers and health plans in Ohio are on the lookout for effective solutions that deliver tangible results without causing disruption," explained Tom Dorsett, CEO of RazorMetrics. "These savings demonstrate that we can achieve meaningful cost reductions by addressing waste in the pharmacy benefit itself, rather than transferring the risk or complexity to members. After successfully implementing these strategies in Texas, expanding to Ohio was a logical step, and we continue to explore opportunities to generate savings for plans and members in other states as well."

In 2025, RazorMetrics made headlines for achieving a staggering $34 million in drug savings across 1.1 million Texans within the span of two years, highlighting the significant impact their strategies can have when addressing everyday pharmacy waste. Furthermore, their robust network encompasses over 525,000 prescribers nationwide, including Puerto Rico, leading to Ohio’s remarkable savings illustrating RazorMetrics' consistent ability to enable cost-efficient healthcare.

Recognition and Future Outlook

The company has also been recognized for its rapid growth and innovative approach in the industry, ranking No. 18 on the Inc. 5000 and No. 12 in Deloitte’s Technology Fast 500. It is clear that RazorMetrics is on a trajectory for continued success in the healthcare arena as it enters 2026. The company aims to expand its clinically aligned efforts focused on pharmacy cost containment while addressing the challenges of medication safety and affordability on a broader scale.

Founded in Austin, Texas, RazorMetrics develops advanced pharmacy cost containment solutions tailored to meet the needs of self-funded employers, health plans, Pharmacy Benefit Managers (PBMs), and similar organizations. Their proprietary technology automates the identification of cost-saving opportunities across medication management strategies, seamlessly improving healthcare decisions and reducing costs.

For more information about RazorMetrics and its innovative solutions, please visit www.razormetrics.com.