Capital Rx recently closed a $106 million Series C funding round, bringing its overall funding to $175 million. The upstart pharmacy benefit manager will use the funds to enhance its digital pharmacy platform as well as grow its user base.
The current landscape heading into 2022 will keep pharmacy benefits under the microscope. Plan sponsors will evaluate their PBM’s pricing model to determine if their contract will deliver predictable costs, more opportunities for increased savings and improved care for their members.
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In a month where GoodRx’s stock has been trading below IPO levels, the startup’s leadership says Amazon Pharmacy still isn’t a threat. Citing third-party data, the company said uptake of Amazon's pharmacy services have been low, though the retailer still could pose a threat with its growing healthcare business.
WithMe Health, a startup trying to build a new approach to pharmacy benefits, spun off a medication guidance service that can be layer on top of existing PBMs. It also raised $20 million in funding, led by OMERS Ventures.
GoodRx began trading on Nasdaq in an upsized IPO. The company priced its stock at $33 per share, up from its expected range of $24 to $28 per share.
Some healthcare startups that offer at-home prescription deliveries and test kits have experienced delays with the USPS. They shared how they're navigating the changes.
The ongoing nursing shortage facilitates high turnover rates since nurses know they won’t have difficulties finding new jobs. In order to retain and attract staff, it’s in a facility’s best interest to understand what nurses want.
CVS Caremark added five new companies to its Point Solution Management Service, which it launched last year to make it easier for businesses to implement digital health tools. CVS Caremark CMO Sree Chaguturu shared more about the PBM’s plans for digital health.
Walmart quietly launched a new health insurance business. The company, called Walmart Insurance, was filed with the Arkansas Secretary of State last month.
CVS Health added five companies to its platform for third-party solutions for Caremark clients. Its users will have access to Livongo, Hinge Health and three other solutions.
Senators Chuck Grassley and Ron Wyden are demanding that Cigna turn over documents on insulin pricing, as part of a larger probe on rising insulin costs. The lawmakers claim that large pharmacy benefit manager Express Scripts, which Cigna acquired in 2018, is failing to comply with the investigation.
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Cigna CEO David Cordani shared more details with investors about two upcoming partnerships for the company with Prime Therapeutics and Oscar Health.
The two large PBMs signed a 3-year collaboration that would allow Prime to use Express Scripts’ retail pharmacy network and pharmaceutical contracts.
The PBM selected 15 programs to offer on its first digital health formulary, starting in January 2020.
The company's first vendor partner on the system is San Francisco-based Big Health, which is offering its digital CBT-based sleep improvement program Sleepio through the service.
Express Scripts will offer payers a curated list of technology and software-enabled applications and devices that have been vetted for safety, effectiveness and usability.