About Capital rx
Capital Rx: Revolutionizing the Prescription Drug Industry
Capital Rx is a revolutionary healthcare company that aims to transform the way prescription drugs are priced and administered. The company was founded in 2017 by AJ Loiacono, a seasoned entrepreneur with over two decades of experience in the healthcare industry. Capital Rx's mission is to create enduring social change by making prescription drugs more affordable and accessible for everyone.
The Problem with Traditional Pharmacy Benefit Managers (PBMs)
Traditional PBMs have been around for decades, but they have failed to keep up with the changing needs of patients and providers. These companies act as intermediaries between drug manufacturers, pharmacies, and insurers. They negotiate prices on behalf of their clients and manage drug formularies (lists of covered medications). However, traditional PBMs often prioritize their own profits over patient care.
One major issue with traditional PBMs is that they use complex pricing models that are difficult to understand. They may offer rebates or discounts on certain drugs but charge higher prices for others. This can lead to confusion among patients who may not know how much they will pay for their medications until they reach the pharmacy counter.
Another problem with traditional PBMs is that they often limit access to certain medications or require prior authorization before coverage is approved. This can delay treatment and cause unnecessary stress for patients who need timely access to medication.
How Capital Rx Is Different
Capital Rx takes a different approach than traditional PBMs by offering transparent pricing models and eliminating hidden fees or markups on prescription drugs. The company uses an innovative pricing algorithm called Clearinghouse Model™ which ensures fair reimbursement rates for pharmacies while also providing cost savings for employers.
The Clearinghouse Model™ works by creating a marketplace where pharmacies can bid on prescriptions based on their actual acquisition costs rather than inflated list prices set by drug manufacturers or wholesalers. This allows Capital Rx to pass along significant savings directly to its clients without sacrificing quality of care.
In addition, Capital Rx offers flexible formulary options that allow providers more freedom in prescribing medications based on individual patient needs rather than restrictive lists created by traditional PBMs.
Finally, Capital Rx provides exceptional customer service through its dedicated account management team who work closely with clients to ensure smooth implementation and ongoing support throughout the contract period.
Why Choose Capital Rx?
If you're looking for a PBM partner that puts your needs first while also delivering significant cost savings, then look no further than Capital Rx. Here are just a few reasons why our clients choose us:
- Transparent Pricing: Our Clearinghouse Model™ ensures fair reimbursement rates without hidden fees or markups.
- Flexible Formulary Options: We offer customizable formularies based on individual patient needs rather than restrictive lists.
- Exceptional Customer Service: Our dedicated account management team provides ongoing support throughout the contract period.
- Innovative Technology: We use cutting-edge technology solutions like our proprietary platform Conduit™ which streamlines communication between all stakeholders in the prescription drug supply chain.
- Social Responsibility: We believe in creating enduring social change through our commitment to transparency, fairness, and accessibility in healthcare.
Conclusion
In conclusion, if you're tired of dealing with opaque pricing models from traditional PBMs or limited access to necessary medications due to prior authorization requirements then it's time you consider partnering with Capital RX - an innovative PBM provider committed towards revolutionizing how prescriptions are priced & administered! With transparent pricing models & flexible formulary options coupled together alongside exceptional customer service & innovative technology solutions such as Conduit™ - we're confident we'll be able deliver significant cost savings whilst ensuring quality care remains at forefront always!
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