RxSense, the healthcare technology company improving transparency and access to affordable medications, today announced a new partnership to provide its transformative RxAgile® enterprise solutions for pharmacy benefits to VerusRx, the newly launched pharmacy benefit management subsidiary of National Healthcare Solutions, Inc. (NHSI).
Dallas-based VerusRx was created for self-funded companies, TPAs and brokers to bring sensible drug pricing and significant savings to its end users. RxSense is delivering VerusRx a private label version of its customizable enterprise platform that provides flexibility to manage a wide variety of plan designs and control for unparalleled efficiency and cost-savings. RxSense will provide the pharmacy network and power claims processing through RxAgile, as well as its RxIQ® analytics platform, with user-friendly dashboards offering deeper plan insights, to easily sort and evaluate data by categories, including claim type, pharmacy or geography.
VerusRx has also launched a prescription discount card, powered by RxSense’s direct-to-consumer prescription savings service SingleCare. This will allow members who have limits on their employer funded benefits to use the discount program to save money on out of pocket expenses, and up to 80% on their medications.
“VerusRx brings a strong value proposition to the middle-market, and our missions are aligned to deliver greater transparency and cost-savings through modern pharmacy benefits,” said Rick Bates, founder and CEO of RxSense. “Our customizable RxAgile platform uniquely provides flexibility and in-depth business insights for VerusRx to efficiently manage a wide variety of clients and their pharmacy needs.”
“We needed to find a state-of-the-art claims processing system that delivers real-time analytics to help manage our clients’ day-to-day pharmacy benefit,” said Greg Greenlee, D.Ph., COO and EVP of NHSI’s new Pharmaceutical Division. “The powerful tools provided by RxSense will help our clients efficiently manage their pharmacy benefits and provide the insights for cost-efficiencies that will help them optimize plan performance.”
The RxAgile Difference
With an elegant architecture and simple to use interface, RxAgile provides clients with a variety of customizable solutions to meet their business needs, eliminate resource waste, and bring care to patients more efficiently.
Businesses that may have needed months to set up pharmacy benefits on legacy systems can now do so in days or weeks on RxAgile. The breakthrough platform delivers unprecedented transparency on plan performance, and an expected 30 percent increase in operational efficiency to clients.
The RxSense Story
RxSense was founded in 2015 with a singular focus on developing technology solutions that improve healthcare transparency and access to more affordable medications. Founder and CEO Rick Bates brought a seasoned group of healthcare veterans familiar with the challenges of the industry and paired them with a savvy tech team to develop a sophisticated architecture to address the pain points of pharmacy benefits administration. The result was RxAgile, a cutting-edge cloud-based platform that’s smart and simple to use, offering the speed and flexibility to meet the needs of any client.
RxSense was named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
About RxSense
RxSense is a healthcare technology company developing industry-leading solutions that improve transparency and access to more affordable medications for millions across America. RxSense’s transformative RxAgile enterprise solutions bring transparency, flexibility and efficiency to pharmacy benefit administration, serving pharmacy benefit managers, regional health plans, health systems, third party administrators, new healthcare and pharmacy entrants and healthcare technology companies. RxSense is headquartered in Boston with offices in New York City, greater Philadelphia and West Palm Beach, Fla. For more information, visit rxsense.com. RxSense was named among Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
About NHSI
National Healthcare Solutions, Inc. is the single source solution for all medical cost containment, case management, third party administration and PPO needs, whether in the U.S. or abroad. NHSI is independently owned and part of an international healthcare group with more than 30 years of experience in the healthcare management industry.
Complete information about VerusRx, the new Pharmacy Benefit Management company, is available at www.verus-rx.com.