AUSTIN, Texas – Nov. 14, 2025 – RazorMetrics, a leading innovator in pharmacy cost containment technology, has been named the winner for the 2025 FAVE Awards in the FAVE Innovative Company category. Hosted by the Austin Young Chamber, the FAVE Awards celebrate local businesses and professionals driving innovation, creativity, and impact across Central Texas.
The FAVE Innovative Company category recognizes businesses that demonstrate a proven track record of leveraging talent, creative problem-solving, and collaboration to advance their industry or business.
“Being recognized by the Austin Young Chamber is a tremendous honor for our team,” said Tom Dorsett, CEO of RazorMetrics. “Innovation is at the heart of everything we do, from developing technology that helps employers and health plans reduce prescription drug costs to empowering patients with better information and choices. This recognition reinforces our commitment to tackling one of the most urgent challenges in healthcare affordability.”
Founded and headquartered in Austin, RazorMetrics partners with employers, health plans, and healthcare organizations nationwide to simplify drug cost management through evidence-based analytics and AI-powered insights. The company’s recognition as a FAVE winner emphasizes its continued growth and commitment to transforming healthcare value through technology and collaboration.
“Our mission has always been to create a smarter, more transparent drug pricing ecosystem that benefits everyone, from prescribers and patients to payers and employers,” added Dr. Siva Mohan, president and chief medical officer at RazorMetrics. The FAVE Awards celebrate Austin’s entrepreneurial spirit, and we’re proud to be part of a community that thrives on innovation and meaningful impact.”
Over the past two years, RazorMetrics has saved Texans more than $34 million in prescription drug costs, reflecting the company’s tangible impact on healthcare affordability across the state. In 2025, RazorMetrics was recognized as the No. 1 fastest-growing company in Austin and ranked No. 18 on the Inc. 5000 list of the fastest-growing private companies. Additionally, Dorsett and Mohan were named Ernst & Young’s Entrepreneur of the Year 2025 Gulf South Award winners, further affirming RazorMetrics’ role as a homegrown leader driving innovation and economic growth in Texas.
About RazorMetrics
RazorMetrics creates cutting-edge pharmacy cost containment solutions to quickly and easily reduce drug costs. Its proprietary technology automatically initiates cost-saving opportunities through medication switching, deprescription, deduplication, and more–all while adapting to fit clients’ plan, preferences, and formulary. RazorMetrics conveniently plugs into prescriber’s existing workflow, improving healthcare decisions while seamlessly reducing medication costs for members and plan sponsors. Based in Austin, TX, RazorMetrics bring clarity, efficiency, and more value to pharmacy benefits. Learn more at razormetrics.com.
About the Austin Young Chamber
The Austin Young Chamber supports young professionals, entrepreneurs, and businesses looking to recruit and retain talent in Central Texas. The Chamber runs many programs throughout the year that promote business and talent development, entrepreneurship, civic engagement, and giving back to the community. In 2024, the Chamber conducted over 35 events for young professionals and provided $2,500 to local startups.
