Costco and Instacart are expanding their partnership to include prescription drug delivery in seven states, plus … The move could help Costco compete with Amazon and Walmart, both of which have dabbled in prescription delivery. The company has partnerships with hundreds of grocers, including Albertsons, Walmart Canada and Sam's Club, and many of them have pharmacies in store or are considering adding them. The company said Thursday the delivery service is now available from nearly 200 Costco … Instacart does not allow prescriptions to be left unattended. After adding your prescriptions for delivery, you will be redirected to Instacart to complete the … Visit Costco Same-Day Delivery and enter your zip code to see if delivery is available in your area. "Long term you could see many of the retailers take on this ecosystem," said Emily Melton, managing partner for Threshold Ventures. Others say that the Costco-Instacart partnership is a convenient option, but it won't necessarily move the needle on drug prices. To promote social distancing, the signature requirement has been temporarily removed due to the COVID-19 pandemic. Costco is teaming up with Instacart to launch a pharmaceutical delivery service. Seeing an authorization hold on your bank account? Updates are provided via text message, which mirrors the experience of ordering groceries from Instacart. Costco … Unlike Instacart's grocery delivery service, however, the Instacart delivery person will ask for proof of identity to ensure they're delivering to the right person, and the checkout process requires buyers to confirm their date of birth (the service is available only to people over age 18). Health experts say these moves could be good for the industry overall, especially given the rising prices of prescription medicines that are squeezing millions of Americans. Otherwise, prices vary depending on how quickly a member needs the medicines delivered — the fastest option is an hour — but typically cost less than $10. Follow @CNBCtech on Twitter for the latest tech industry news. Using Instacart, Costco customers will be able to schedule delivery up to one week in advance. All … Please contact your participating pharmacy for text message questions or issues regarding the text you receive about your prescription delivery. Instacart does not send prescription-related text messages to members. At this time, prescriptions cannot be added to the order once it has been placed. Costco did not immediately return a request for comment. According to Delish.com, Instacart, which is one of the most popular grocery delivery services out there right now, is now offering delivery for prescriptions from Costco. Instacart makes it easy to find the items you want from your local Costco warehouse and have them delivered right to your door. We have partnered with Instacart to offer same-day delivery of prescriptions along with grocery items. Now, the cool … This small difference accounts for potential changes in the final total due to special requests, added items, items replaced at a different price, and actual weight of items. Online grocery delivery company Instacart is launching a prescription delivery service through a partnership with Costco as demand for online delivery continues to rise amid the COVID-19 … On the website, select Get Help at the bottom of any article in the Help Center for live chat if the order is already assigned. Got a confidential news tip? Amazon made its first steps into the space in 2018 by purchasing PillPack, an internet pharmacy start-up focusing on patients with chronic ailments, and Walmart offers mail-order delivery in some areas. Instacart offers prescription delivery from participating Costco pharmacies in the United States. To maintain social distancing, your shopper will scan it from a safe distance. The company has previously said it's membership base is so loyal that more than 90 percent of people opt to renew. You can cancel your prescription order on your account before it gets assigned to a shopper. Get this delivered to your inbox, and more info about our products and services. If anything, the company might lose out on potential sales if fewer customers come into its stores and buy other products while they wait for their prescriptions, Fox said. Sign up for free newsletters and get more CNBC delivered to your inbox. Many of the largest retailers are exploring the $300 billion pharmacy market, including Walmart, Costco and Amazon, as policymakers look for ways to bring down drug prices. Same-Day Delivery Powered by Instacart is available to members in most metropolitan areas. You can cancel your prescription order on your account before it gets assigned to a shopper. Instacart is launching a prescription delivery option in partnership with Costco, the company announced on Medium on Thursday. One Costco member who has used the service told CNBC that he received a text earlier this month to offer him the medication delivery option as an alternative to picking up the meds in store. Contact our dedicated Senior Support Service if you need help getting started or with an existing order. Retailers would likely need to start working more closely with some of the big stakeholders, like the large-self-insured employers, and "provide an alternative to the status quo in the current drug supply chain" to do that, said Eric Pachman, president of 3 Axis Advisors, a research and consulting firm that specializes in the drug supply chain. Instacart declined to offer a comment for this story. Online grocery delivery company Instacart is launching a prescription delivery service through a partnership with Costco as demand for online delivery continues to rise amid the COVID-19 pandemic. “To ensure customers receive their prescription in a timely manner, Instacart recommends … Begin typing to search, use up and down keys to navigate, enter to select, Switch your prescription to a participating Costco pharmacy, Tap the link in the text message you’ll receive from the participating pharmacy and follow the steps to select your prescriptions, if you have an existing Same-day account or tap, , continue to checkout (if selected, you cannot go back and add groceries), Add groceries and other household essentials to your order if you tapped, Choose a delivery time and receive your prescription as fast as same day. Costco is teaming up with Instacart to test one-hour free delivery of prescription drugs to its warehouse club members, according to CNBC and later confirmed by Business Insider.. Costco is teaming up with delivery start-up Instacart to test free delivery of prescription drugs to members. Demand for delivery is high during COVID-19, and not just for groceries. Such efforts have been attempted before, but haven't been successful, although it's possible that Haven, the J.P. Morgan, Berkshire Hathaway and Amazon joint initiative, will look to fund efforts that bring down drug costs for their combined 1.2 million workers. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Customers ordering prescription medications from Costco via Instacart must be over the age of 18, are required to enter their date of birth at checkout and present a valid government ID at the … Online grocery delivery company Instacart is launching a prescription delivery service through a partnership with Costco as demand for online delivery continues to rise amid the COVID-19 pandemic. Costco, Instacart roll out coronavirus prescription delivery service. A Division of NBCUniversal. Instacart, which is known for grocery delivery, hasn't previously offered a pharmacy deliveries, although two people familiar with the matter said the company has looked into the space for years. Check out Instacart’s prescription delivery … © 2021 CNBC LLC. Shop Costco.com for electronics, computers, furniture, outdoor living, appliances, jewelry and more. Note: To promote social distancing, the signature requirement has been temporarily removed due to the COVID-19 pandemic. Costco is already a player in the pharmacy space, having retail pharmacies in many of its stores. The program was tested in some parts of Southern … There's also an option for a phone consultation from a Costco pharmacist. In addition, some states require the shopper to get a signature from the customer. Enjoy low warehouse prices on name-brands products delivered to your door. Customers ordering prescription medications from Costco via Instacart must be over the age of 18, and are required to enter their date of birth at checkout and present a valid government ID at the time of … Dive Brief: Instacart has launched an expanded prescription-delivery service in partnership with Costco, the companies announced in a press release. Costco and Instacart are teaming up on the pilot project, and have been notifying their members in California and Washington state, sources tell CNBC. We want to hear from you. Who Will Make the Delivery? There are tons of sites that offer grocery delivery straight to your doors right now. Data is a real-time snapshot *Data is delayed at least 15 minutes. Thankfully, Costco just made a change that has us jumping for joy—and staying on our couches. Online grocery delivery company Instacart is launching a prescription delivery service through a partnership with Costco as demand for online delivery continues to rise amid the COVID-19 … ... Instacart also offers prescription delivery from participating Costco pharmacies in the United States. All Rights Reserved. Prescription delivery is free for orders of $35 or more for customers with a Costco or an Instacart membership, according to Instacart. The partnership marks Instacart's entry into prescription drug delivery services—they already deliver items from Walgreens, CVS, and Rite Aid pharmacies, but those don't include prescription medication. Instacart has entered the prescription delivery space through its partnership with … The pharmacy and drug space is valued at more than $300 billion and is expected to grow, making it an attractive market opportunity for the largest retailers. Your Instacart shopper is required to scan your ID when delivering your prescription. Your prescriptions will be delivered through grocery delivery service Instacart… It is also known for its bargain-basement prices, which extend to health-related services and most recently included a flu shot that came in about half the price of its competitors. Delivery will be free on orders that cost $35 or more, not including a tip, which Instacart sets at 5% of the order price. Instacart will only charge you for the total of the items delivered to you. You can now get prescriptions delivered to your door, and you don’t even have to be a member! That involves delivery medicines in less than an hour and all fees are waived for orders over $35. Someone 18 or over must be present to receive the order. Costco customers were already able to use Instacart for groceries and household goods across more than 500 stores – the expansion to add prescription … Please hold out your ID so they can scan and confirm the recipient is legally able to accept the order. These days, Costco serves more than 90 million people with its $60 and up annual membership. For orders in progress, Instacart places a temporary authorization hold for a slightly higher amount than your estimated order total. Instacart's prescription delivery service is now available from nearly 200 Costco locations across seven states, plus Washington D.C., with plans to expand nationally in the coming months. On the website, select, How Costco Same-day Powered by Instacart Works, Adding instructions for specific items, replacements, or delivery. Costco now makes up 24% of Instacart’s sales, and the retailer also saw its online sales via Instacart grow 99% since last year, according to research from Edison trends. Instacart prescription delivery is now available from 200 Costco locations and can be combined with grocery delivery. "More competitive forces is good.". Costco … The Home Delivery pharmacy offers one-stop shopping for prescription medications. The pilot program is limited to California and Washington state, according to CNBC, and it includes delivery to a Costco member’s home or office. The two began piloting prescription delivery in Southern California and Washington state ​last November… The moves also pose a threat to large pharmacies like CVS and Walgreens. The company said Thursday the delivery service is now available from nearly 200 Costco … Costco is likely making this foray into pharmacy delivery as a benefit to its members rather than expecting to make significant revenues on high-priced meds, said Erin Fox, senior director for drug information at University of Utah Health. The pilot program is limited to California and Washington state, according to two people familiar, and it includes delivery to a Costco member's home or office. Log in to help us get you to the right help quickly. The addition of prescription delivery gives shoppers yet another reason to choose Costco. Costco members who want the value and quality of our products now have the convenience and privacy of shopping at … Instacart workers will be allowed to deliver medications only if they pass a HIPAA certification training, meaning they're aware of the rules around managing people's sensitive health information. 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