Mark Cuban cut the clutter and makes health care accessible to ordinary people.
The NBA basketball owner and tech investor has launched an online pharmacy, The Cost Plus Drug Company. The pharmacy offers generic medicine at the lower cost.
According to Cuban, “lower pricing reduces patient stress, and that will lead to more customers.”
While speaking about the new establishment with TechCrunch, he went further to say, “all cash, no IP deals, no insurance companies-just buy pills for what they cost to make, plus 15 percent to cover overhead.”
Mark said he would love to make money through this business however is not easy while selling generic medicines.
“Shoot. I would be happy if we can make a little, but push pricing of generics sold elsewhere down significantly.”
He adds, “our challenge is to keep pushing prices lower,” not compete with anyone, he continued. “Our KPI is how much we can reduce the stress of our patients who buy generic meds. When people save a lot of money on their medications, they often will tell others they know that have the same challenges. That word of mouth impacts our growth the most.”
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