Welcome to Civica Rx, a new not-for-profit generic drug and pharmaceutical company founded in 2018 to combat life-saving drug shortages & affordability.
Civica Rx: A Not-for-Profit Generic Drug and Pharmaceutical Company
Welcome to Civica Rx, a new not-for-profit generic drug and pharmaceutical company founded in 2018 to combat life-saving drug shortages & affordability. Civica Rx is a unique organization that aims to provide affordable, high-quality generic drugs to hospitals across the United States. The company was created by a group of hospital systems that were frustrated with the high cost of essential medications and the frequent shortages that made it difficult for them to provide adequate care for their patients.
Civica Rx is different from other pharmaceutical companies in several ways. First, it is not driven by profit but rather by its mission to ensure that essential medications are available when they are needed most. Second, it operates as a collaborative effort between hospitals and health systems across the country, which allows it to leverage their collective purchasing power and negotiate better prices with suppliers.
The company's approach has been successful so far. Since its founding in 2018, Civica Rx has grown rapidly and now includes more than 50 hospital systems representing over 1,200 hospitals across the United States. It has also partnered with several major pharmaceutical manufacturers who have agreed to supply Civica Rx with essential medications at reduced prices.
One of the key benefits of working with Civica Rx is its commitment to transparency. The company publishes its pricing information on its website so that hospitals can see exactly what they are paying for each medication. This helps them make informed decisions about which drugs they should purchase based on their budget constraints.
Another benefit of working with Civica Rx is its focus on quality control. The company works closely with its manufacturing partners to ensure that all medications meet strict quality standards before they are distributed to hospitals. This helps prevent medication errors and ensures that patients receive safe and effective treatments.
Civica Rx's success has not gone unnoticed in the healthcare industry or among investors looking for socially responsible investments. In October 2020, the company announced that it had raised $55 million in funding from several major investors including Blue Cross Blue Shield Association (BCBSA), McKesson Corporation (MCK), AmerisourceBergen Corporation (ABC), Premier Inc., Providence St Joseph Health System (PSJH) among others.
In conclusion, if you're looking for an innovative solution for your hospital's medication needs while keeping costs low without compromising quality or safety standards then look no further than Civica RX! With over two years' experience providing affordable generic drugs nationwide through collaboration between healthcare providers like yourself - we're confident we can help you achieve your goals too!