Zipdrug

Zipdrug is a pharmacy technology company founded in 2015 and based in New York, later listed at 450 Headquarters Drive, Morristown, New Jersey. It began as an on-demand prescription delivery service accessible online and through mobile applications: patients entered payment and delivery details and photographed their insurance card, after which a HIPAA-trained Zipdrug messenger was dispatched to deliver the prescription. The service covered both one-time and recurring prescriptions, automatically applied available discounts to reduce medication costs, and allowed patients to have medications sourced from their preferred pharmacy.

The company subsequently expanded beyond delivery into a software platform connecting health insurers, local pharmacies and patients. It contracts with health plans and uses data-driven methods to identify pharmacies offering medications at the lowest copay, connecting members with high-performing pharmacies that provide clinical and concierge services including doorstep delivery. Zipdrug also engages patients with low medication adherence or high potential for cost savings. Following its 2020 acquisition it operated as an IngenioRx company serving Medicare, Medicaid and Commercial members.

Founding story

Zipdrug was founded in 2015 by Stu Libby (CEO), Kyro Beshay (CPO) and Webster Ross, with the stated mission of making it easy for people to obtain their medications on demand, at the time and place they want them, on the premise that medication retrieval had seen comparatively little innovation relative to the rest of healthcare.

Business model

Zipdrug contracts with health plans and payors, offering a pharmacy benefit program intended to produce better patient outcomes and cost savings by routing members to high-performing pharmacies with clinical and concierge services and home delivery. After the acquisition, its capabilities were positioned by IngenioRx as part of the PBM's offering or as a standalone pharmacy service sold to health plans.

Revenue is derived from contracts with health plans and payors for its pharmacy benefit and prescription delivery program; discounts on member medications are applied automatically as part of the service.

Traction

Reported total funding of approximately $13 million across multiple rounds, an employee count of about 7 (2-10 range) and estimated annual revenue of $1M-$10M as of mid-2026. The company serves Medicare, Medicaid and Commercial members through IngenioRx.

Latest developments

Zipdrug remains integrated with IngenioRx services for Medicare, Medicaid and Commercial members following the 2020 acquisition. Founder and CEO Stu Libby departed in February 2025 to join Photon Health. The zipdrug.com domain now presents CarelonRx pharmacy benefit management solutions, including cost management programs, whole-person connected care offerings such as Rx Care Nexus and Specialty Condition Management, prescription delivery through CarelonRx Pharmacy, and clinical utilization management tools such as step therapy, prior authorization and quantity limits.