User:Devatcaprx/sandbox

= Overview =

Capital Rx is an American healthtech company specialized in pharmacy benefits management (PBM). Founded in 2017, it has rapidly ascended as the fastest-growing company in its sector. The company aims to revolutionize the pricing of prescriptions and the care of patients, aiming to engender lasting social change. Headquartered at 228 Park Avenue South, Suite 87234, New York, NY 10003, Capital Rx has been on a trajectory of growth and innovation.

Capital Rx has successfully positioned itself as a disruptor in the pharmacy benefits management space, using technology and innovative business models to create meaningful change. With a focus on transparency, efficiency, and social responsibility, the company has not just been a game-changer in healthcare tech but has also set new benchmarks for the industry.

= History = Foundation and Early Years Founded in 2017, Capital Rx came into existence with the primary mission of transforming the future of prescription management. The company sought to challenge the traditional methods of the PBM industry, focusing on modern solutions for age-old problems.

Milestones

 * 2019: Launched its first NADAC (National Average Drug Acquisition Cost) retail network, marking an important step in its growth trajectory.


 * 2020: Successfully closed Series B funding, bolstering its capital for further expansions.


 * 2021: Released the Enterprise Pharmacy Platform, JUDI®, adding significant value to its technology stack.


 * 2021: Introduced a Discount Card solution aimed at serving underinsured populations.


 * 2021: Received URAC Accreditation, an important credential that attests to its quality and efficiency in healthcare management.


 * 2022: Closed Series C funding, amplifying its financial strength.


 * 2022: Began processing Medicaid and Medicare claims, broadening its market reach.


 * 2023: Earned B Corp™ Certification, reinforcing its commitment to social and environmental performance.

= Solutions and Services =

Pharmacy Benefits Manager
Capital Rx serves a broad array of clients, including Employers, Unions, Public Sector entities, and Hospitals. Their model is tailored to achieve operational efficiency and meaningful results, breaking away from legacy systems that have often hindered the PBM industry.

JUDI® - Enterprise Pharmacy Platform
JUDI® is the first cloud-based enterprise pharmacy platform designed to streamline pharmacy benefits management. This platform allows for more agile and efficient operations, distinctively separating Capital Rx from competitors still reliant on older technologies.

Medicare & Medicaid Claims Processing
In 2022, the company expanded into Medicare and Medicaid claims processing, leveraging JUDI® as the backend processing engine. This move aimed to bypass the challenges posed by older platforms, providing a more efficient and reliable service.

For Companies
Capital Rx offers a lower-fee discount card targeted towards companies looking to offer additional benefits to their underinsured employees.

For Consumers
The company also provides a free prescription savings card for consumers, which can be easily downloaded to gain access to prescription discounts.

Certifications and Accreditations

 * URAC Accreditation (2021)


 * B Corp™ Certification (2023)

= References =

= External links =

Capital Rx Website

= See Also =

| Pharmacy Benefit Management