RazorMetrics, a leading provider of pharmacy cost control technology, has assisted Texans in saving approximately $34 million over the past two years through its advanced pharmacy savings platform. The company has supported 1.1 million members in accessing more affordable medications, aiming to reduce costs while improving patient adherence and access to necessary prescriptions.
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Dr. Siva Mohan, who serves as Chief Medical Officer and President at RazorMetrics, explained that the current system presents barriers that make it harder for patients to obtain more affordable prescription options. He emphasized that the RazorMetrics platform is designed to improve medication access while also cutting costs for health plans and patients. According to Dr. Mohan, the results demonstrate that better health outcomes and lower spending can go hand in hand for communities across Texas.
The company’s technology is designed to integrate directly into a prescriber’s regular workflow. It automatically identifies opportunities to save money through strategies such as switching to lower-cost alternatives, deprescribing where appropriate, removing duplicate medications, and recommending biosimilars. The system takes into account health plan rules and preferred drug lists to make sure recommendations align with coverage. This approach helps reduce expenses for both patients and the organizations that pay for their medications.
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Texas has over four million residents enrolled in Medicaid, which puts added pressure on the state to manage healthcare costs effectively while ensuring people continue to receive the medications they need. RazorMetrics offers a tested, reliable method for meeting these challenges.
Tom Dorsett, CEO of RazorMetrics, said the company’s work shows that the state’s investments in public health can generate real savings and improve care. He believes that as state health programs evolve, RazorMetrics is well-positioned to offer solutions that provide both financial relief and better access to treatments. RazorMetrics is gaining national attention for its growth and innovation. In August, the company was named the fastest-growing private business in the Austin area and the second fastest-growing in Texas on the Inc. 5000 list. Earlier in the year, co-founders Tom Dorsett and Dr. Siva Mohan were honored with the Ernst & Young Entrepreneur Of The Year Gulf South Award for their leadership in helping reduce drug costs across the country. In April, the company also released its 2025 State of Drug Access report. The findings showed that nearly 42% of Americans had been prescribed a medication they could not afford in the past year. Even more concerning, over 11% of those surveyed said they had to stop taking their medication entirely because of the cost.
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