WTW's Rx Collaborative has picked Capital Rx as a new, disruptive pharmacy benefits management partner. Capital Rx is a healthcare technology firm that is revolutionizing the way prescription pharmaceuticals are priced, and patients are served. Employers will have access to Capital Rx's cutting-edge technology and services through this new RxC partner.
WTW launched a comprehensive search to find a new, innovative PBM to provide an alternative to the standard PBM model in response to growing employer dissatisfaction with escalating prescription drug costs. Capital Rx was chosen for its innovative medicine pricing strategy and flexible business model. WTW's aim of increasing transparency in PBM pricing and revenue sources while providing considerable financial benefit to employers is carried out in part via Capital Rx.
"WTW's selection of Capital Rx is further validation of our mission to disrupt the traditional pharmacy benefits model and help employers gain more control over their prescription drug costs," said Matt Gibbs, President of Capital Rx. We're looking forward to engaging with self-funded employer clients to offer a new and different option. Through this partnership, Capital Rx remains true to our mission and extends the reach of our Clearinghouse Model to hundreds of new employers."
As the fastest-growing PBM in the United States, Capital Rx offers a prescription drug pricing arrangement that reflects transparent, competitive costs for all. Capital Rx's groundbreaking Clearinghouse Model® leverages National Average Drug Acquisition Cost (NADAC), bringing visibility into actual drug unit costs and eliminating arbitrary price variability. Capital Rx's cloud-based enterprise pharmacy platform JUDI™ provides employers with significant financial savings, greater plan flexibility, and advanced reporting capabilities.
"As the largest consultant led pharmacy purchasing coalition in the U.S., we strive to provide employers with access to the most innovative prescription benefits options in the marketplace, even if it means departing from more common PBM models. With its mission to deliver transparent drug pricing, Capital Rx has already delivered millions of dollars in prescription drug savings to its fast-growing roster of clients."
Jasmine Aral, Rx Collaborative Team Lead, WTW
This year, Capital Rx will participate in the RxC's new bid and renewal processes.