Thank you to the team at Capitol Street for hosting a great event and having Sunil Budhrani MD MPH MBA share his thoughts during your Fall Forward Health Policy seminar! The panel he was on, "Hot Topics: Medical Technologies, PBM Alternatives, AI …What People Aren’t Talking About Yet", offered a great and timely discussion. We always appreciate the opportunity to discuss how having transparent, efficient, and flexible healthcare infrastructure (JUDI®) empowers the patient-provider relationship and aids our mission to provide the foundation to give the nation the healthcare we deserve. #PharmacyBenefitAdministration #healthtechinnovation
Capital Rx
Hospitals and Health Care
New York, NY 80,806 followers
Affordable Pharmacy Benefits, Powered by Modern Infrastructure.
About us
Capital Rx is a healthcare technology company advancing our nation’s electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, the company is executing its mission through the deployment of JUDI®, Capital Rx’s cloud-native enterprise health platform, and an efficient Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one platform, servicing over 2.4 million members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit capitalrx.com.
- Website
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https://cap-rx.com
External link for Capital Rx
- Industry
- Hospitals and Health Care
- Company size
- 501-1,000 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2017
- Specialties
- pharmacy benefit management, healthcare analytics, benefit strategy, claim adjudication, clinical services, plan implementation, health technology, group purchasing, pharmacy benefit administration, retail network management, and platform as a service
Products
Locations
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Primary
285 Fulton St
New York, NY 10007, US
Employees at Capital Rx
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Jeffrey Jollon
Senior Finance Executive | Healthcare Services | PBM
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Jack Bennett
Raising revenue, lowering costs, reducing business risk, and improving customer experience by solving complex business problems with technology and…
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Feby Abraham
Executive Vice President, Chief Strategy and Innovations Officer at Memorial Hermann Health System, Former McKinsey Partner
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Robert Mittendorff, MD, MBA
General Partner and Head of Healthcare at B Capital
Updates
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Happy #WPD2024! This year’s theme, “Pharmacists: Meeting Global Health Needs,” highlights the crucial role #pharmacists play in tackling global health challenges—from ensuring #medication access to providing essential #healtheducation and support. Join us in extending a heartfelt "Thank you!" to all pharmacists working in all settings, from retail to hospital, or blazing a trail on a non-traditional path. Your impact is felt every day. #ThankYouPharmacists #HealthcareHeroes
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When asked why he co-founded Capital Rx, A. J. Loiacono almost always says, “To fix the problem, we had to become the problem - a PBM.” The #PBM industry lost its way long ago, chasing #rebates and retaining a #spread on drug prices at the expense of what’s best for plans and members. Was our approach disruptive? Absolutely. Refusing to profit from drug spend and instead charging a flat fee, passing through rebates, and launching JUDI® didn’t just shake things up. It set a new standard. Learn more here: https://okt.to/IKyqVT #PharmacyBenefits #PBMRevolution #AlignedCare
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During our "Story of a Claim" webinar, we asked Kevin Sundquist (VP of Product Management) about the most interesting part of working with a unified system like JUDI®. His response? #Benefitdesign, especially for testing. Kevin dove into how JUDI® simplifies and enhances #claimsadjudication testing, making a real difference for #plansponsors and their members. You can watch the full webinar replay here: https://okt.to/tArBOU #EmployeeBenefits #PharmacyBenefitAdministration
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A big "Thank you!" to Vida Health CEO Joe M. for joining us in the studio for Episode 36 of the #AstonishingHealthcare podcast. When asked how the partnership and #RxActivate came to be, Sara Izadi, PharmD, and Joe explained that fundamental and philosophical #alignment had a lot to do with it. But what should #plansponsors look for and consider when evaluating potential partners to provide services to their plan members? 🎧 Check out this clip to hear Joe's take on this important question, and you can listen to the full episode here: https://okt.to/S0DtNM
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Let's gooooooo! We've officially crossed 80,000 followers on here! 🙌 Every day, our team strives to help our clients, their members, and the public navigate the complexities of the #PBM world. Whether you know someone on our team or have followed along with our #PharmacyBenefits101 series, celebrated our achievements, paid attention to the development of JUDI®, listened to our #podcast, or joined one of our webinars, we're grateful for your support. ❤️ Stay tuned—there's much more to come! 🚀 #HealthcareInnovation #PharmacyLeadership #Grateful
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We're so glad that Vida Health's Joe M. (President & CEO) could join Sara Izadi, PharmD, in the studio for Episode 36 of the Astonishing Healthcare #podcast. We're also super excited about our upcoming webinar with the team at Vida: Innovative Partnerships for GLP-1 Management: How PBMs and obesity solutions work together. (10/2 at 1:00 PM ET; link below) 🙌 Joe and Sara discussed the challenges #plansponsors face relating to #GLP1s and seeing a return on the investment in the new class of drugs, as well as the support members require, how our partnership works 🤝, and much more! 🎧 Listen to Episode 36 here (or on Apple, Spotify, or YouTube Music): https://okt.to/kLuiZU 🖥️ Register for the webinar here: https://okt.to/03Y7Cp
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Pharmaceutical Strategies Group - PSG just dropped their always insightful PBM Customer Satisfaction report, and there’s a lot to unpack🔥 Here’s what stood out: 🔎 Plan sponsors want better utilization management for #GLP1s, cost control, and transparency on rebates and specialty drug pricing. They’re looking for a #PBM that partners with them to manage costs 📉 PBM satisfaction remains low, with NPS at 13 for employers and -15 for health plans 🚨 ~50% of respondents say they are willing to drive change At Capital Rx, we're proud to be our clients' unbiased partner, helping them meet their #fiduciaryduties, manage costs, and serve their members. That's part of the reason we have the highest client and member NPS scores in the industry. Read more about PSG's findings here: https://okt.to/wvKmpN
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Last call to register for our #NeverMoveAgain webinar! Want to be the FIRST to learn how Never Move Again™ gives large employers the flexibility to customize their #pharmacybenefits, with the peace of mind of a multilingual call center and ID cards that never change? Want to learn how this solution supports you to meet your #fiduciary responsibilities in a rapidly evolving #PBM regulatory landscape? Join us TOMORROW at 2 p.m. EST to hear all about it. Register now—we can't wait to see you there: https://okt.to/rYd0Hh #PharmacyBenefits #HealthcareInnovation #PBMCompliance #NeverMoveAgain
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At the Northeast Business Group on Health 2024 Pharmacy Conference, Josh Golden (SVP, Strategy) laid out the current #PBM landscape, highlighting the intense scrutiny #pharmacybenefitmanagers are facing—from Congressional investigations to state lawsuits and class-action #ERISA cases. Amidst all this, #plansponsors are asking a crucial question: is my PBM profiting when I spend more? At Capital Rx, we’re proud to say we have no conflicts of interest. We don’t profit from drug spend and pass through 100% of #rebates. We’re unbiased administrators, period. Click here to learn more about how we're setting a new standard for the future of #PharmacyBenefitAdministration: https://okt.to/SUuKTa #HealthcareTransformation