Overview
RXSaveCard set out with an ambitious mission: help employers radically reduce healthcare expenses while giving employees more accessible, flexible ways to pay for prescriptions and everyday medical needs. But to make this possible, they needed more than a standard payment provider; they needed a partner who could innovate alongside them.
Key takeaways
- RXSaveCard partnered with Priority to make healthcare more affordable for employers and employees.
- Priority’s Banking & Treasury solution, Passport, enabled RXSaveCard to innovate beyond traditional insurance and offer radically cheaper, flexible benefits.
- Operational efficiency, compliance, and scalability were unlocked through Passport’s infrastructure and collaborative approach.
- The partnership empowered RXSaveCard to stay lean while delivering enterprise-grade benefits at scale.
The Challenge
RXSaveCard wanted to reduce healthcare costs for employers while giving employees new ways to pay for prescriptions outside traditional insurance plans. Traditional solutions often replicated existing insurance workflows and lacked flexibility, making it difficult to:
- Offer discount pricing for employees
- Allow contributions outside of standard insurance
- Launch a scalable solution quickly and securely
“We needed to make new things possible. Most solutions try to mimic what already exists. We needed a partner that would understand our differences and help us build something new,” said Jace Mouse, President and CTO of RXSaveCard.
The Solution
RXSaveCard chose Priority’s Banking and Treasury solution, Passport, for its ability to combine employee benefits and financial services into a seamless program.
Key features included:
- Employee Card Issuance: Easy distribution to employees with secure and compliant handling of funds.
- KYC and Compliance Management: Passport simplified the complex regulatory landscape by streamlining processes that are typically overwhelming for early-stage companies. The Priority team brought deep expertise across banking operations, card network requirements, and regulatory compliance, ensuring the program was both fully compliant and built to scale.
- Technical Collaboration: APIs and technical capabilities were built alongside RXSaveCard’s team to support innovation.
- Operational Support and Scalability: Priority’s team provided infrastructure for card delivery, fund flow management, security, and risk mitigation, enabling RXSaveCard to scale without expanding headcount.
“Passport understood the people behind the dollars. They helped us operationalize a secure program that actually benefits employees at scale,” Jace said.
The Results
- Rapid Innovation: RXSaveCard launched a benefits program unconstrained by traditional insurance models, moving from initial concept to a fully-built card program in less than three months.
- Operational Efficiency: Lean internal operations while leveraging Priority’s full infrastructure.
- Compliance and Security: Smooth KYC process and fully compliant program management.
- Scalable Growth: Enabled faster solution delivery to employers and employees without additional overhead.
- Employee Impact: Transparent cost savings and improved accessibility for prescription and healthcare benefits.
“At the end of the day, it’s about helping employees at scale and Priority makes that possible for us,” Jace said.
Advice to Others
By partnering with Priority, RXSaveCard transformed the way employers and employees access affordable healthcare benefits. Priority’s Banking & Treasury solution, Passport, provided both the infrastructure and the collaborative approach needed to innovate, scale, and deliver meaningful savings, all while keeping operations lean and compliant.
“They anticipated challenges, worked with us at every stage, and took us seriously from the start. That’s the kind of partner every employee-benefit innovator needs.”
–Jace Mouse
Contact us to explore how Passport can help fuel your growth.
Download the case study here.
