NYCRx EIN

33-1177682
Organization’s Description
Increase access to prescriptions for medically underserved New Yorkers. Help URL
community clinics maximize untapped discounts and programs. www.nycrx.org

Social Problem Program Name

• Skyrocketing prescription costs (3x rate of inflation…) 340B drug discount program
• Increasing chronic disease  increased need (28% New Yorkers have High Blood expansion
Pressure, 10% have Diabetes)
• Estimated 1.25 million New Yorkers without prescription coverage Location of Program Operations
• Lack of access to needed medications leads to poor health outcomes. New York City

Solution Sector
• We increase access to needed medications in a holistic way by both reducing the Health
cost and by partnering with community clinics, who care for the most medically General & Rehabilitative Services
underserved New Yorkers, to develop their pharmacy programs and to maximize
potential revenue to the clinics. Tax Structure
• We provide consulting services to neighborhood clinics that are unaware of a 501(c)3
program that is available to them (340B). We do everything from contract
negotiations, community pharmacy RFP selection process, to helping with Top Funders
paperwork. We then offer complete management of the program going forward. 1) Health Resources and
• Our services generate BOTH savings (to uninsured) and revenue (to the clinics who Services Admin (Federal)
care for them). 2) New York State Foundation
• There is no current solution to the barriers to prescription access in New York City, 3) NYC DOHMN
and addressing prescription access is not in current Health Care Reform.
Desired Type of Capital
Capital Needs & Use of Funds Grant
• We need $150,000 in order to solidify and scale our operations to reach
sustainability. Year of Incorporation
Optional additional program ideas: 2007
• Strengthening Adherence/Improving Outcomes – Cost $200,000/year
• Extending technical expertise to special communities – Cost $150,000/year 2010 Financial Totals
Revenue $273,688
Measurement Expenses $346,071
We are lucky in that our program generates a tremendous amount of data that we
track monthly to chart our success. The main metrics we track are: Headquarters
-­‐ Number of participating sites 2090 Adam Clayton Powell Jr.
th
-­‐ Estimated savings (to uninsured) Blvd. 5 Fl.
-­‐ Net revenue (to clinics) New York, NY
-­‐ Generic fill rate 10027
-­‐ Estimated % savings
-­‐ Average cumulative per prescription savings (to uninsured) Executive(s)
-­‐ Average cumulative per prescription revenue (to clinics) Sarah Sheffield
We track these metrics both by site and in the aggregate. We can measure social Sarah.Sheffield@nycrx.org
impact in several ways:
1. Amount of savings to the uninsured - is money that will stay is low-income Telephone
New Yorkers’ pockets, rather than being spent on medications. This money can be
spent in the community on other items. 646-498-3986
2. Amount of new revenue to the community clinics - is money that the clinics
can use to expand their programs, provide cross-subsidies to help pay for Board & Staff Composition
uncompensated care… B S
3. Improved adherence – we can monitor when patients do not fill their
1) Members 7 2
prescriptions. This means we can set a baseline when we first launch at a clinic, and
monitor whether adherence rises as prices go down. 2) Black or African American 1 1
3) Women 1 1
Visibility 4) LGBT 1
1) We can include funder name on all printed materials which are distributed and
displayed throughout the City.
2) We can include mention of funder or section about funder on NYCRx.org and on
planned social media materials.
3) We can add information about funder to our standard presentations which we give at
health fairs, colleges and universities throughout the City.