(480) 923-0802

Podcast 176: Increasing Transparency with Cost-Plus Drug Pricing w/ MakoRx Founder Vinay Patel

Jan 22, 2025

Summary

Every year, medication prices keep going up, putting even more strain on Americans’ budgets.

To make it worse, the price you see online often doesn’t match what you’re charged at the pharmacy counter.

So why the lack of transparency?

And equally important, what can be done to ease the pressure of these rising costs?

Join Vinay Patel, founder of MakoRx, as he unpacks the complexities of prescription drug pricing and reveals how MakoRx is disrupting traditional models with cost-plus pricing to make medications more affordable and accessible for everyone.

This episode is part of our Pharma Series, an ongoing collection of episodes featuring interviews with the leaders and innovators who are reshaping the future of the pharmaceutical industry.

 

In this episode

ABOUT VINAY PATEL

Vinay Patel, the founder of MakoRx and a pharmacist executive with 16 years of experience has been a driving force in advancing population health, community pharmacy, and pharmacy benefits, positively impacting chronic care for thousands of patients. Clinically, he has managed chronic diseases in primary care settings, optimized diabetes care, and supported geriatric medication management. As a leader, he has spearheaded Medicaid asthma programs and initiatives that saved physician hours while generating revenue. Passionate about teaching and innovation, Vinay fosters growth within healthcare teams, enhancing their efficiency and improving patient outcomes.

 

ABOUT MAKORX

MakoRx provides accessible, affordable healthcare solutions through innovative pharmacy services, including cost-plus drug pricing, subscription health plans, and in-pharmacy urgent care and testing. Their model challenges traditional healthcare by offering both individual and employer-focused options that enhance patient quality of life while optimizing healthcare costs. Committed to advocacy, MakoRx ensures patients have access to knowledgeable pharmacists and technicians who offer guidance on medication plans and cost-saving alternatives.

John Marchica

John Marchica is a veteran health care strategist and CEO of Darwin Research Group. He is leading ongoing, in-depth research initiatives on integrated health systems, accountable care organizations, and value-based care models. He is a faculty associate in the W.P. Carey School of Business and the graduate College of Health Solutions at Arizona State University.

John did his undergraduate work in economics at Knox College, has an MBA and M.A. in public policy from the University of Chicago, and completed his Ph.D. coursework at The Dartmouth Institute. He is an active member of the American College of Healthcare Executives and is pursuing certification as a Fellow.

About Darwin Research Group

Darwin Research Group Inc. provides advanced market intelligence and in-depth customer insights to health care executives, with a strategic focus on health care delivery systems and the global shift toward value-based care. Darwin’s client list includes forward-thinking biopharmaceutical and medical device companies, as well as health care providers, private equity, and venture capital firms. The company was founded in 2010 as Darwin Advisory Partners, LLC and is headquartered in Scottsdale, Ariz. with a satellite office in Princeton, N.J.

share