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Costco is making a bold move into fertility care.
The members-only retailer announced last Monday that it will offer discounted fertility treatments to customers through a new national partnership with healthcare providers.
The initiative brings together telehealth provider Sesame and fertility clinic IVI RMA North America to provide a full spectrum of services including in vitro fertilization (IVF), egg freezing and intrauterine insemination (IUI).
Most notably, the service will reduce one of the largest out-of-pocket costs in fertility care, delivering savings of up to 80% on medications, including Follistim, which can cost approximately $2,000 per patron. As a result, patients were able to save thousands of dollars on each cycle.
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A Costco store in Alhambra, California, USA, on Thursday, June 27, 2024. (Eric Thayer/Bloomberg via Getty Images/Getty Images)
The company says the program is designed to remove one of the biggest barriers to care for the 1 in 6 Americans struggling with infertility, making fertility treatments more accessible than ever.
“Our partnership with Sesame and IVI RMA reflects our commitment to transparent and affordable solutions that reduce barriers, are more accessible and affordable for our members,” said Richard Stephens, senior vice president of Pharmacy at Costco. “By combining transparent pricing with coordinated care, we are removing the barriers that have historically kept quality fertility treatment out of reach for too many families.”
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A nurse communicating with a patient. (Getty/Getty Images)
The program and specially negotiated discounts are available exclusively to Costco members, who pay a membership fee for access to the store and its offerings.
The program is available nationally and can be accessible online.
Costco pharmacies will provide the medications needed for patients through the company’s exclusive fertility services partnerships. (Toronto Star Archive/Toronto Star via Getty Images/Getty Images)
The program combines Sesame’s direct telehealth access for treatment planning, IVI RMA North America’s specialty clinics for medical procedures and Costco’s pharmacy to provide necessary medications.
Through Sesame, patients can complete evaluations and diagnostic tests, allowing doctors to create a personalized treatment plan.
If patients need major specialty procedures such as IVF or IUI, they are connected to IVI RMA clinics where discounts have been negotiated for Costco members.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COSTS | COSTCO WHOLESALE CORP. | 996.16 | -5.58 |
-0.56% |
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The IVI RMA Network also offers preimplantation genetic testing of embryos (PGT-A), single embryo transfers, fertility preservation and specialized fertility care for LGBTQ+ patients.
