Connect with us

Technology

Capital Rx Launches Never Move Again™, Enabling Self-Funded Plan Sponsors to Perpetually Access the Best Drug Prices Without Ever Having to Reimplement a Plan, Reissue Cards, or Expose Members to Unnecessary Disruption

Published

4 months ago

on

Never Move Again™ addresses the need for a comprehensive yet flexible and financially aligned pharmacy benefit administration solution for large employers

NEW YORK, Aug. 27, 2024 /PRNewswire/ — Today, Capital Rx, the full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) advancing our nation’s electronic healthcare infrastructure, is announcing the introduction of Never Move Again™. This new PBA model brings a combination of JUDI®, the industry’s most advanced pharmacy claims adjudication platform, proven member service excellence, freedom of choice regarding fulfillment services, and financial alignment to large U.S. employers and health plans that are seeking greater control over their pharmacy benefit programs and better health outcomes for plan members.

If your PBM provides seamless integration, limitless scalability, and exceptional support, you’ll Never Move Again™.

“Never Move Again™ represents a paradigm shift in our industry at the perfect time. Plan fiduciaries are becoming more aware of both how traditional PBMs profit at the expense of their plans and members and the outsized impact that skyrocketing pharmacy costs are having on their total cost of care. We’re providing employer groups all the benefits of our next-generation enterprise health platform (EHP), JUDI, and world-class member services as the foundational elements of their pharmacy benefit programs,” said AJ Loiacono, Co-Founder and CEO of Capital Rx. “U.S. employers can now evaluate each aspect of the pharmacy program and provide their members the care they deserve at the lowest possible cost, only without the disruption that typically accompanies switching vendors.”

A Future-Proof Framework to Administering Pharmacy Benefits
Capital Rx’s fee-based model delinks the administrative and fulfillment services provided by traditional PBMs. Never Move Again™ effectively addresses concerns surrounding spread pricing, data access and security, and other traditional PBM business practices that are under intense scrutiny by everyone from state legislatures across the country to the Federal Trade Commission in Washington, D.C., and finally illuminates the opacity of prescription pricing by separating the components of bundled offerings that obscure true net cost.

“Our goal with Never Move Again™ is to bring plan sponsors the best possible PBA solution to meet their fiduciary responsibilities and stay compliant with PBM regulations in a state of constant flux,” Lloyd Fiorini, Capital Rx’s General Counsel and Chief Compliance Officer, stated.

JUDI consolidates all pharmacy benefit-related workflows in an intuitively designed, open, modular EHP and acts as a central hub for Never Move Again™, allowing plan sponsors to maintain infrastructure, own and manage all data, and seamlessly modify services and plans as needed. When paired with Capital Rx’s award-winning customer care team and domestic contact center that provides exceptional 24/7/365 support to plan members, it’s a future-proof framework providing:

Network flexibility: Use any retail network, mail order pharmacy, specialty partner, or aggregator.Financial alignment: Full transparency is provided via a flat administrative fee, full pass-through of rebates (Capital Rx does not earn revenue on drug spend), a trend management focus, National Average Drug Acquisition Cost (NADAC) pricing, and an aligned clinical strategy.Modular services: Secure data exchange, use any clinical service or point solution (connect any vendor to JUDI, including a telehealth provider, for example), and SSO with any point solution.Data storage: Unlimited data storage (Pharmacy & Medical data), total cost of care reporting, full ownership of data, including pricing, CAA-compliant with automatic filing, and the highest security standards (SOC2T2, NIST SP 800-53, HITRUST, etc.).

The advantages Never Move Again™ provides employers with over 50,000 lives are clear:

An aligned PBM model addresses conflicts of interest and helps plan fiduciaries manage the plan in employees’ best interests while maintaining compliance with attestation and other ERISA fiduciary duties.Financial transparency empowers better decision-making and “true cost” forecasting.Agility – the ability to easily add or switch services – puts purchasing power in the buyer’s hands and supports interoperability.

To learn more about Never Move Again™, please contact Capital Rx’s commercial team or visit www.capitalrx.com.

About Capital Rx
Capital Rx is a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), advancing our nation’s electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, Capital Rx is executing its mission through the deployment of JUDI®, the company’s cloud-native enterprise health platform, and a Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit www.capitalrx.com.

Media Contacts
Michael Passanante, SVP, Marketing & Communications
Justin Venneri, Director, Communications
marketing@cap-rx.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-rx-launches-never-move-again-enabling-self-funded-plan-sponsors-to-perpetually-access-the-best-drug-prices-without-ever-having-to-reimplement-a-plan-reissue-cards-or-expose-members-to-unnecessary-disruption-302231560.html

SOURCE Capital Rx

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Remote Work Trends: Virtual Vocations’ Q3 2024 Report Spotlights Remote Work Leaders and Top Telework Careers

Published

29 minutes ago

on

January 1, 2025

By

Based on in-depth analysis of company data, Virtual Vocations’ Q3 2024 jobs report identifies the top 10 remote-friendly employers and the most in-demand fields for fully remote opportunities, including information technology, healthcare, and customer service. The report also celebrates standout members of Virtual Vocations’ Employer Partner Program, which connects jobseekers with reliable remote work options.

TUCSON, Ariz., Dec. 31, 2024 /PRNewswire-PRWeb/ — Virtual Vocations, a leading remote job board and career services provider, has released its Q3 2024 State of Remote Work report, offering valuable insights for professionals seeking flexible, fully remote employment.

“Remote work is more than a convenience—it’s a transformative shift in employment that empowers workers to achieve flexibility, autonomy, and work-life balance.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Each quarter, Virtual Vocations analyzes company data to spotlight the top 10 remote-enabled companies and industries for fully remote positions. This report also highlights new members of Virtual Vocations’ Employer Partner Program, showcasing organizations dedicated to providing legitimate, fully remote job opportunities.

In Q3 2024, the Virtual Vocations Remote Jobs Database featured fully remote job postings from more than 7,600 unique companies, reflecting the growing demand for flexible work options. Across July, August, and September, approximately 68,000 fully remote job postings were available, with an average of 22,645 new jobs added each month by Virtual Vocations’ team and its Employer Partner Program members. Compared to Q3 2023, access to fully remote job postings increased by 25%, demonstrating the steady expansion of remote work across industries.

As remote work continues to thrive, a growing number of companies and careers are embracing work-from-anywhere flexibility. “Remote work is more than a convenience—it’s a transformative shift in employment that empowers workers to achieve flexibility, autonomy, and work-life balance,” said Virtual Vocations CEO Laura Spawn. “Our Q3 2024 report provides jobseekers with the tools and insights they need to succeed in this evolving environment.”

Ranked by the total number of 100% remote job postings added to the Virtual Vocations database during the quarter, the following companies and industries were identified as the best for fully remote work:

TOP 10 COMPANIES FOR FULLY REMOTE JOBS
1. VocoVision, Inc.
2. UnitedHealth Group
3. Centene Management Company, LLC
4. Humana Inc.
5. Microsoft Corporation
6. Coalition Technologies
7. Allstate Insurance Company
8. Leidos, Inc.
9. General Dynamics Information Technology, Inc. (GDIT)
10. Ambry Genetics Corporation

TOP 10 INDUSTRIES FOR FULLY REMOTE JOBS
1. Information Technology
2. Healthcare
3. Sales
4. Marketing
5. Customer Service
6. Management
7. Financial
8. Project Management
9. Human Resources
10. Account Management

Virtual Vocations also recognized its standout Employer Partners for Q3 2024—organizations that have demonstrated a strong commitment to remote work. These partners actively collaborate with Virtual Vocations to maintain a steady flow of fully remote job opportunities, benefiting both employers and jobseekers. The third quarter’s top Employer Partners included:

Omni Interactions, Inc.Working SolutionsNexRep LLCSusan G. KomenTTEC Holdings, Inc.Achieve Test PrepAccent AdvisorSmith (Smith.ai)The Sentry

Additionally, five new Employer Partners joined Virtual Vocations in Q3 2024, expanding the community of over 3,600 vetted members committed to virtual hiring.

NEW Q3 2024 EMPLOYER PARTNERS
1. ClientPoint, a software development company
2. Computer Systems Institute, a career education company
3. PFM, a Christian non-profit organization
4. Revive Health Associates, a holistic healthcare organization
5. Giampolo Law Group, a legal services company

By fostering partnerships with remote-friendly employers and supporting diverse industries, Virtual Vocations continues its mission to empower jobseekers with opportunities for meaningful, flexible work.

To read Virtual Vocations’ complete Q3 2024 report, visit: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/q3-2024-state-of-remote-work-10-best-companies-and-careers-for-work-from-home-jobs/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/remote-work-trends-virtual-vocations-q3-2024-report-spotlights-remote-work-leaders-and-top-telework-careers-302340775.html

SOURCE Virtual Vocations, Inc.

Continue Reading

Technology

NJ FAST powered by Plug and Play Graduates 14 Startups in its Inaugural Program

Published

29 minutes ago

on

January 1, 2025

By

HOBOKEN, N.J., Dec. 31, 2024 /PRNewswire/ — Plug and Play, the world’s leading global innovation platform, has concluded its inaugural cohort, graduating 14 startups for its newest program, the New Jersey Fintech Accelerator at Stevens Institute of Technology powered by Plug and Play (NJ FAST).

Earlier this year, Plug and Play and its founding partners, New Jersey Economic Development Authority (NJEDA), Prudential Financial, and the Stevens Institute of Technology, announced the establishment of NJ FAST.

“Over the past seven years, we have transformed New Jersey’s innovation economy, firmly positioning our state as a national leader in this space and cementing our reputation as the best place for entrepreneurs to start and grow their businesses. Through NJ FAST and our partnerships with Plug and Play, Stevens Institute of Technology, and Prudential, we are empowering emerging leaders in the fintech industry to advance their cutting-edge ideas right here in New Jersey. I look forward to seeing what the inaugural cohort of this program accomplishes in the coming years,” said Governor Phil Murphy.

Building on this foundation, NJ FAST will leverage New Jersey’s longstanding legacy as a leader in the financial industry. With a dedicated focus on fintech, NJ FAST aims to support the growth of innovative companies and create new career opportunities, further expanding New Jersey’s influence in the national finance and fintech sectors.

“NJ FAST will have a long-term impact on the entrepreneurial ecosystem of New Jersey, creating a legacy of success and innovation within the financial services industry for years to come,” said Saeed Amidi, Founder and CEO of Plug and Play. “This initiative is about embedding a culture of innovation in New Jersey, and beyond, with startups we believe can change the world.”

NJ FAST is designed to offer entrepreneurs a platform to drive innovation across the state of New Jersey. Selected startups will benefit from mentorship, funding resources, and opportunities to collaborate with industry experts. As part of the program, startups will have access to Plug and Play’s extensive network of corporate, government, investor, and university partners, providing them with invaluable insights, support, and potential strategic partnerships.

“Since taking office, Governor Murphy has prioritized growing New Jersey’s innovation economy by ensuring that companies of the future have access to first-rate resources and support,” said NJEDA Chief Executive Officer Tim Sullivan. “Through NJEDA’s Strategic Innovation Centers initiative, centers like NJFAST are working to empower startups to develop cutting-edge technologies that create jobs, support long-term sustainable economic growth, and attract world-class talent. The graduation of NJFAST’s inaugural cohort serves as a testament to the initiative’s success fostering innovation, and solidifying New Jersey’s role as a leader in fintech and insurtech.”

Plug and Play is accepting applications for Batch 2 of NJ FAST until January 6th, 2025.

The inaugural batch of NJ FAST consists of the following startups:

DIRO is the first Original Documents capture platform to offer full global coverage.

Physis Investments leverages AI and its proprietary in-house database of over 176 million data points to generate sustainability insights through a SaaS platform and a generative AI-based chatbot.

SPIN Analytics brings digital transformation in credit risk management by leveraging predictive analytics, AI, and ML techniques on big data.

Balcony Technology Group leverages distributed ledger technology to provide the real estate ecosystem with a blockchain-based solution for improved Security, Automation, Transparency, Integration, And Interoperability.

Intergen DATA Develops proprietary AI/ML algo’s to predict when Life Events may occur, what it could be, & how much of a financial impact it would make.

Muse Tax is an A.I.-based tool that finds every tax deduction and credit for you, showing you ways to save on taxes.

Multimodal automate complex, knowledge-based workflows in banking, insurance, and healthcare using generative AI agents.

bckers is an AI and Fintech information services company that specializes in delivering data and analytical tools to assess and score the performance, integrity, and risk of organizations and teams.

Hydronos Labs transforming access to comprehensive weather and climate risk assessment, planning and mitigation capabilities in a constantly changing climate, delivering the latest science in an easy-to-digest and cost-effective manner.

LexFund is the first US marketplace for the multi-billion dollar litigation finance industry.

Synthera.ai generate realistic yield curves, stock prices, FX rates and more using cutting edge generative AI., allowing investors to  test their portfolios on thousands of unseen market scenarios and unlock novel insights previously beyond reach.

Mobysign is a mobile application that offers strong authentication for payments, logins, document signatures and any transaction.

CurraPay is building the Booking.com of the international money transfer market.

Accern NoCodeNLP Platform empowers citizen data scientists to extract fast and easy insights from unstructured data.

For more information about NJ FAST, visit https://www.plugandplaytechcenter.com/plug-and-play/innovation-services/our-programs/nj-fast.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/ 

Media Contact
press@pnptc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nj-fast-powered-by-plug-and-play-graduates-14-startups-in-its-inaugural-program-302340788.html

SOURCE Plug and Play

Continue Reading

Technology

Virtual Vocations Reveals 20 Leading Employers Supporting Remote Workers with Benefits

Published

29 minutes ago

on

January 1, 2025

By

The 2024 company benefits report from Virtual Vocations identifies 20 employers that prioritize the needs of their remote workforce by offering robust benefits packages, including health insurance, retirement plans, paid time off, and professional development opportunities. As more professionals seek remote roles that align with their personal and professional goals, access to comprehensive benefits has become a crucial factor in job selection.

TUCSON, Ariz., Dec. 31, 2024 /PRNewswire-PRWeb/ — Virtual Vocations, a leading remote job board and career services provider, has published a report highlighting the top remote-enabled companies that offered competitive benefits in 2024. The report aims to assist jobseekers in identifying companies that not only embrace remote work but also provide comprehensive benefits to support employee well-being and work-life balance.

“Remote work isn’t just about location independence; it’s about creating a sustainable work environment where employees can thrive personally as well as professionally.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Employee benefits are crucial for both employers and employees. For employers, a strong benefits package helps attract and retain top talent, enhances company reputation, and fosters a positive workplace culture. For employees, good benefits improve morale, job satisfaction, and signal the company’s commitment to their future. Job flexibility, particularly the option to work from home full-time, is the most sought-after benefit. In fact, 47% of professionals cited flexibility as the top reason for career change. For those seeking remote work alongside robust benefits, Virtual Vocations has identified 20 of the best companies for both. These large companies are organizations that employee at least 500 workers:

10 BEST LARGE COMPANIES FOR BENEFITS
1. Workday
2. Toast
3. HubSpot
4. Microsoft
5. Google
6. Teleperformance
7. Experian
8. TaskUs
9. Vista
10. Smartsheet

In addition to highlighting large companies with top employee benefits, Virtual Vocations also named the 10 best small companies, which employ fewer than 500 workers:

10 BEST SMALL COMPANIES FOR BENEFITS
1. Chronosphere
2. Golden Hippo
3. Cribl
4. Gametime United
5. Pie Insurance
6. Kajabi
7. Karyopharm Therapeutics
8. Underdog Fantasy
9. Stash
10. Firstup

“Remote work isn’t just about location independence; it’s about creating a sustainable work environment where employees can thrive personally as well as professionally,” said Laura Spawn, CEO and co-founder of Virtual Vocations. “Our 2024 company benefits report highlights companies that understand the value of investing in their remote teams through meaningful benefits.”

While remote work offers unparalleled flexibility, jobseekers increasingly view benefits as a vital part of their overall employment package. Employers that provide benefits tailored to the unique needs of remote workers are better positioned to attract qualified candidates and foster long-term employee satisfaction.

To explore the full 2024 list of top remote-enabled companies that offered the best benefits packages, visit the Virtual Vocations blog at https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/top-remote-enabled-companies-with-benefits-2024/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/virtual-vocations-reveals-20-leading-employers-supporting-remote-workers-with-benefits-302340784.html

SOURCE Virtual Vocations, Inc.

Continue Reading

Trending