RxSense, LLC
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| Private | |
| ISIN | 🆔 |
| Industry | Health information technology |
| Founded 📆 | 2015 |
| Founder 👔 | Rick Bates |
| Headquarters 🏙️ | Boston, Massachusetts, U.S. |
Area served 🗺️ | |
| Products 📟 | Health informatics software |
| Members | |
Number of employees | 250 (2022) |
| Subsidiaries | SingleCare Services |
| 🌐 Website | rxsense |
| 📇 Address | |
| 📞 telephone | |
RxSense, LLC is an American health information technology (HIT) company.
Overview[edit]
RxSense was started in 2015 by entrepreneur Rick Bates to develop technology solutions for improved healthcare technology and access to more affordable medications.[1][2] SingleCare, a subsidiary of RxSense, was also started at the same time by Bates to bring better transparency to the prescription drug market.[3] Bates combined the expertise of healthcare veterans and technology experts to create an architecture that can address the main areas of pharmacy benefits administration.[4] Bates won the Entrepreneur of the Year Award in 2018 for his work in SingleCare.[5] Martin Short partnered with Singlecare in December 2021 to promote its program of lower cost medicines in television ads.[6][7] In 2021 RxSense partnered with ProAct to better enhance ProAct's performance in claims processing and benefits management. RxSense received an investment from the private equity firm Parthenon Capital in 2020 for an undisclosed amount.[8] In May 2022 EmsanaRX, a pharmacy benefit manager, announced a partnership with RxSense to create more transparency for its employers.[9]
SingleCare[edit]
SingleCare is a free prescription savings service.[10] It provides low prices and better access to medications.[11] In 2020 SingleCare partnered with WebMD to create WebMDRx a service that provides WebMD's customers with better access to more affordable prescription drugs.[12][1]
SingleCare annually awards 25 pharmacies and pharmacists through thousands of recommendations from customers.[13]
FamilyWize[edit]
FamilyWize was a prescription discount card and mobile app.[14] In 2017 FamilyWize partnered with United Way to offer more access to prescription discounts.[15] In 2021 FamilyWize merged with SingleCare Services to continue its business under the SingleCare brand.[16]
Products[edit]
RxAgile[edit]
RxAgile was the first product created by RxSense. It is a cloud-based platform created to bring transparency and efficiency to pharmacy benefit management. RxAgile also offers licensed enterprise software for pharmacy benefits.[17]
Notes[edit]
- ↑ 1.0 1.1 "SingleCare CEO on the rising number of Americans turning to prescription drug delivery amid coronavirus crisis". Yahoo Finance. Retrieved 2023-04-02.
- ↑ "Rick Bates". Forbes.
- ↑ D'Ambrosio, Daniel (August 12, 2019). "Boston Startup Signs Up Millions For Lower Prescription Drug Costs". Forbes.
- ↑ "Health Plan Alliance".
- ↑ "People on the Move: Rick Bates". Boston Business Journal. July 18, 2018.
- ↑ Lepitak, Stephen (December 22, 2021). "Martin Short Has a Dream About Lower-Cost Medicines as He Fronts SingleCare Campaign". Adweek.
- ↑ "A look at prescription drugs prices in 2022 — and how pharmacists want to help". Employee Benefit News. 2022-03-25. Retrieved 2023-04-02.
- ↑ "RxSense Announces Investment From Parthenon Capital". Parthenon Capital. May 12, 2020.
- ↑ "EmsanaRx Selects RxSense to Power Its PBM for Large Employers". Yahoo. May 2, 2022.
- ↑ Thimou, Theo (November 17, 2020). "6 Things to Know Before You Use SingleCare". Clark Howard.
- ↑ Daily, Laura (July 11, 2021). "Saving on Meds". Washington Post.
- ↑ Galella, Alyssa (January 14, 2020). "SingleCare Partners With WebMD to Launch WebMDRx, Offering Consumers up to 80% Savings on Prescription Drugs". AP.
- ↑ Belson, Dan (October 21, 2021). "Dundalk Giants gets best pharmacy service award". The Dundalk Eagle.
- ↑ Versel, Neil (November 29, 2016). "Drug discount card provider FamilyWize integrates with EHRs at Trinity Health". Med City News.
- ↑ Panek, Sue (December 3, 2017). "United Way, FamilyWize partner in prescription access". The Oshkosh Northwestern.
- ↑ "Nonprofits' Prescription Plans Unites Under SingleCare Brand". The Nonprofit Times. April 26, 2021.
- ↑ "ProAct brings on RxSense to enhance pharmacy benefits solutions". Chain Drug Review.
References[edit]
- Directory of Corporate Counsel. (2021) Wolters Kluwer Law & Business.
- Forbes
- Bloomberg
- Modern Health Care
External links[edit]
This article "RxSense" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:RxSense. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
