Passive funding for schools
Rx Aid is seeking schools to participate in our passive funding program. We have developed a unique way for schools to increase their revenue with minimal teacher involvement. We are looking forward to developing deeper ties in your area and save people money on their prescription needs.
What is passive funding?
Passive fundraising is a relatively new development opportunity that happens every day of the year rather than just during the school year. This strategy includes programs such as online shopping, search engines, collecting box tops and milk caps, etc in return for small amounts of cash. As one might imagine, this strategy involves setting up programs that automatically generate streams of income without exerting much effort after the initial set-up phase.
Why is passive funding useful for schools?
Schools already provide many services beyond education through supporting eye screenings and clothing drives or have financial needs after the budget for the year is spoken for with items like pencils, paper and other needed school supplies. Finding the funds for programs beyond the classroom or helping to fill in the gaps in the classroom can require a large amount of time from the already extremely busy school staff and can be a distraction from the needs of the classroom itself. Passive funding is another way to bring a stream of funding that requires little effort to maintain after the initial set up.
How does the money come back to your school?
Your school will be given a unique tracking number on the free discount card. A person gives the free discount card to the pharmacist when they are filling their prescriptions. For each prescription that is discounted and your tracking number is used, your school receives money.
How much money can come back to your school?
We use a straight pay system it pays on each use of the card with you unique code, the more its used the more you get paid.
$1.00 per commissionable use.
It is the highest pay for a distributor in the country. Our product is ready for every state in the US except for Massachusetts.
The more times that your unique code is used, the more money that your school can receive. One “use” is one prescription that is discounted using this card; if a person fills multiple prescriptions, each discounted prescription is considered a use. The more participants that your school has, the more money your school can receive. Again, there is no limit to the number of times that your unique code can be used.
What do you need to do?
Your school prints your school specific card with the information you currently send home, such flyers, news letters, and other forms of printed information.
Also posting with your web site helps. Beyond that how you continue to promote the program is up to you.
What service do we offer?
At Rx Aid we specialize in providing non-insurance benefits to help to those who have fallen through the “gaps” in traditional healthcare. For many, regular medications are a requirement that can be a serious financial burden. We have found a way to help ease the burden of medications and create a stream of passive funding for schools at the same time. We have several programs available but for schools we have created a specific project around our free prescription discount card.
This free prescription discount card and is available in all states except Massachusetts. Please note, this is not insurance. People with and without insurance can save up to 85% on their medications. We currently offer discounts on over 4000 medications. We have the full list of medications that this covers on our website. There is no sign up fee for this program.
How does it work?
We take the money that would traditionally be used for advertising and redirect it back to the schools in the form of monthly participation reimbursement. Schools receive payment for each medication that participants receive a discount on. We set you up with a unique identifier and give you your very own web page and card template to direct your parents to.
Who can use the free prescription discount card?
Anyone who needs a prescription that we have a discount for filled in the US, with the exception of Massachusetts, is eligible for a discount. There is no requirement that person needs to be employed by your school or have a student currently enrolled in your school. The person using the discount card doesn't even have to be in the same state. There is no upper or lower limit on the number of people using the prescription card or on the number of usages for your school.