Latest news with #RazorMetrics
Yahoo
5 days ago
- Business
- Yahoo
RazorMetrics Named No. 18 in 2025 Inc. 5000 Fastest-Growing Companies List
Inc. 5000 top 20 recognition showcases RazorMetrics' expansion and innovative solutions addressing America's drug affordability crisis at scale AUSTIN, Texas, Aug. 12, 2025 /PRNewswire/ -- RazorMetrics, a leading innovator in pharmacy technology solutions, today announced its inclusion in the top 20 of the Inc. 5000 Fastest-Growing Private Companies, the most prestigious ranking of the fastest-growing private companies in America. RazorMetrics also ranked: No. 1 among companies in the Austin-Round Rock-Georgetown, Texas metro area No. 2 among all companies in the state of Texas No. 5 in the Healthcare & Medical industry The Inc. 5000 list highlights America's most booming independent businesses, a group that has included names like Microsoft, Meta, Oracle, and Patagonia. This year's winners achieved strong growth amid a rapidly changing economic environment. The top 500 alone posted a median three-year revenue growth of over 1,500% and added close to 50,000 jobs, showing the impact these companies have on the economy. "As a cardiologist, I've seen firsthand how opaque and unpredictable medication pricing can cause clinical disruption and confusion for patients and their physicians alike," said Dr. Siva Mohan, co-founder and president of RazorMetrics. "This recognition by Inc. further validates our mission to change that reality by delivering scalable, physician-friendly tools that actually lower costs and make it easier for patients to follow their treatment plans." "It's a huge honor to be recognized as Austin's fastest growing private company and the fifth-fastest growing company in healthcare," said Tom Dorsett, CEO and co-founder of RazorMetrics. "As a serial entrepreneur, breaking into the top 100 of the Inc. 5000 has always been a personal milestone, but debuting at No. 18 is beyond anything I imagined. It's a testament to the extraordinary team we've built and the real-world impact we're making by helping people afford the medications they need." RazorMetrics' recognition by Inc. comes on the heels of a milestone year for the company, marked by impressive growth and industry impact. In April, RazorMetrics released its 2025 State of Drug Access report, revealing that nearly half of Americans have been prescribed medications they couldn't afford: a stark indicator of the nation's drug affordability crisis. The company also recently received national recognition when co-founders Dorsett and Mohan were named Ernst & Young Entrepreneur Of The Year® 2025 Gulf South Award winners for their tireless work addressing rising drug costs across the U.S. "These businesses have thrived amid rising costs, shifting global dynamics and constant change," said Mike Hofman, editor-in-chief of Inc. "They didn't just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy." Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2024. For the full list, company profiles, and a searchable database by industry and location, visit: About RazorMetrics RazorMetrics creates cutting-edge pharmacy cost containment solutions to quickly and easily reduce drug costs. Its proprietary technology automatically initiates cost-saving opportunities through medication switching, deprescription, deduplication, and more–all while adapting to fit clients' plan, preferences, and formulary. RazorMetrics conveniently plugs into prescriber's existing workflow, improving healthcare decisions while seamlessly reducing medication costs for members and plan sponsors. Based in Austin, TX, RazorMetrics bring clarity, efficiency, and more value to pharmacy benefits. Learn more at About Inc. Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit Media ContactKat LonganthonyBarnum Public View original content to download multimedia: SOURCE RazorMetrics
Associated Press
25-03-2025
- Business
- Associated Press
RazorMetrics Achieves Surescripts® Clinical Direct Messaging Certification
Enhancing Provider Communication with Seamless Cost-Saving Medication Alerts AUSTIN, Texas, March 25, 2025 /PRNewswire/ -- RazorMetrics, a leading innovator in pharmacy cost containment solutions, recently achieved Surescripts ® Clinical Direct Messaging certification for its medication change orders. This certification enhances RazorMetrics' ability to deliver cost-saving medication recommendations directly to prescribers' electronic health records (EHRs), ensuring timely and secure communication. 'With Surescripts certification, we are expanding our communication capabilities to help prescribers access cost-saving recommendations within their existing workflows,' said Tom Dorsett, CEO at RazorMetrics. 'By integrating with the Surescripts network, we're providing another efficient way for providers to make informed medication decisions that support both cost savings and patient care.' Surescripts Clinical Direct Messaging provides a secure, streamlined method for transmitting medication change orders to prescribers' EHRs. This integration allows prescribers to receive actionable medication recommendations without disrupting their workflow. 'Surescripts is simplifying health intelligence sharing, enabling care providers with technologies like Clinical Direct Messaging that allows them to send and receive secure, HIPAA-compliant information as part of their existing workflow, so care providers can more efficiently manage time-sensitive communications and provide better informed, safer and less costly care to their patients,' said Matt Koehler, VP of Product Innovation for Surescripts. 'We look forward to collaborating with RazorMetrics as part of the Surescripts Network Alliance® to empower prescribers with the information they need to make better-informed medication decisions with their patients.' RazorMetrics' certification ensures compliance with Surescripts' security protocols to ensure a seamless exchange of protected health information. With this new capability, RazorMetrics will begin transmitting change orders electronically in March 2025, with plans to scale to over 10,000 messages per month over the next six months. This milestone underscores RazorMetrics' commitment to offering a fully integrated, multi-channel provider communication strategy, ensuring that prescribers receive cost-saving recommendations in the way that best fits their workflow. About RazorMetrics RazorMetrics creates cutting-edge pharmacy cost containment solutions to quickly and easily reduce drug costs. Its proprietary technology automatically initiates cost-saving opportunities through medication switching, deprescription, deduplication, and more–all while adapting to fit client's plan, preferences, and formulary. RazorMetrics conveniently plugs into prescriber's existing workflow, improving healthcare decisions while seamlessly reducing medication costs for members and plan sponsors. Based in Austin, TX, RazorMetrics supports self-funded employers, health plans, PBMs, and organizations to bring clarity, efficiency, and more value to their pharmacy benefits. Learn more at Media Contact 308.627.6897
