pharmacy benefit manager (PBM)
GoodRx and Surescripts Brings Real-Time Drug Discount Pricing in EHRs
What You Should Know:
- Today, GoodRx announced an exclusive agreement with health information network Surescripts to deliver real-time drug discount price information for prescriptions in Surescript’ price transparency solution.
- Surescripts is a nationwide network that connects virtually all EHRs, pharmacies and health systems, enabling providers to view patient-specific benefit and cost information and then electronically prescribe a medication. Last year, nearly 2 billion electronic
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Capital Rx Launches Clearinghouse Model to Bring Price Visibility to Prescription Drug Costs
Quick Glance- Capital Rx launches new innovative Clearinghouse Model, a new pricing framework that will itemize the actual unit cost for all drugs for the first time- The Clearinghouse Model will eliminate price variability for customers, ensuring that drug costs are the same for all customers.- Pharmacies in its retail network, which includes chains, like Walmart, Walgreens, to grocers and independent pharmacies, will be able to deliver the lowest prescription prices to customers.- While rising
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Capital Rx Lands $12M To Redefine The $550B Pharmacy Benefit Industry
Capital Rx, a New York-based pharmacy benefits manager overseeing prescription benefit plans for employers, unions, and government entities, today announced it has raised $12M in growth funding led by Edison Partners.Transforming An Outdated Model“Historically, the PBM industry chose consolidation over innovation, which is why the model hasn’t evolved in twenty years,” said AJ Loiacono, founder, and CEO of Capital Rx. “The sad truth is employers procure office supplies more effectively than
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Truepill Nabs $13.4M for B2B Pharmacy API and Fulfillment Service
Truepill, a San Mateo, CA-based B2B pharmacy fulfillment service announced it has raised $13.4 million in Series A funding led by Initialized Capital, with participation from Y Combinator, Sound Ventures, Tuesday Capital and others. The company plans to utilize the funding to expand its team and fulfillment facilities across the US and enter the UK market.
Why Truepill?
As healthcare undergoes a massive shift towards telemedicine and direct-to-consumer care and treatment, Truepill is the
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Drug Pricing Transparency: Can Health IT Lower Drug Pricing for Patients?
Certain practices of pharmacy benefit managers (PBMs) have helped jack up drug prices to the point where many people can no longer afford their medications. For example, PBMs charge health plans considerably more for a drug than they pay pharmacies for the same medication. This “ingredient spread,” which generates much of the PBMs’ profits, results in health plans placing drugs into a higher-price tier. As a result, members’ copayments go up. Sometimes they’re higher than the cash prices for
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Truveris Raises $25M for Data-Driven Platform to Transform Prescription Benefits Ecosystem
Truveris, a provider of cloud-based data analytics solutions for the prescription benefits industry has raised $25 million in Series D funding led by McKesson Ventures, and included Canaan Partners, New Leaf Venture Partners, Tribeca Venture Partners, and New Atlantic Ventures. The company plans to use the latest round of funding to advance the company’s data and insights capabilities, which help manage rising prescription drug costs.Founded in 2009, Truveris aggregates data and insights from
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