Verizon Wireless and Medco Health Solutions today released a mobile application that guides BlackBerry and Android smartphone users to locations where they can purchase the lowest-cost prescription drugs.

Verizon said the new Medco Pharmacy mobile app can also identify potentially harmful drug interactions based on Medco members' medication histories.

Medco, which provides pharmacy services to more than 65 million customers, said its pharmacy mobile app is available for download in V Cast Apps. It provides information about out-of-pocket costs for any prescription drug and lower-cost options specific to a person's prescription drug plan, even if a patient is being treated by several doctors or fills prescriptions at many different pharmacies.

According to Medco, half a million prescriptions that have a lower-cost option are written every day for its members, "illustrating the enormous potential savings opportunities that exist."

The Medco Pharmacy mobile app is built on Medco's My Rx Choices prescription savings and patient safety program, which was launched online in 2006. To use the app, patients must first register at the Medco website. Once registered, their medication histories and drug plans are made available online. 

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