ARLINGTON, VA, March 18, 2022 – WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today announced that its Rx Collaborative (RxC) is adding a fourth pharmacy benefit management (PBM) partner, Capital Rx. RxC is the first group purchasing coalition to partner with Capital Rx and will allow members the option of a PBM that offers an innovative approach to the traditional pricing model.
The addition of Capital Rx will add choice for WTW clients that are looking to understand disruptors or would like the option to carve-out specialty or select drug categories from the PBM to a separate provider. Capital Rx will offer increased flexibility in carving out specialty therapy classes (e.g., fertility, hemophilia) and offer additional unique attributes. A point of differentiation is their use of an alternative pricing model based on the National Average Drug Acquisition Cost (NADAC), married with its Clearinghouse Model, which brings undistorted visibility into actual drug unit costs and eliminates arbitrary price variability. In addition, their proprietary enterprise pharmacy platform JUDI™ will meet the advanced reporting and quick plan design update expectations of employers.
“Our decision to work with Capital Rx is another innovative step forward in pharmacy benefit group purchasing solutions for employers,” said Jasmine Aral, RxC Leader, WTW. “Building on the success of the RxC offering with the industry's leading PBMs, Capital Rx's innovative approach to pharmacy benefit management will allow us to deliver an alternative to the traditional PBM model while continuing to provide value to employers"
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Capital Rx is built around the mission of changing the way prescription drugs are priced and patients are serviced. A health technology company daring to reimagine the pharmacy benefits industry, Capital Rx is executing on that mission through its Clearinghouse Model® - the first equitable framework for drug pricing. Capital Rx's enterprise pharmacy platform, JUDI™, connects every aspect of the pharmacy ecosystem in one platform, enabling patient engagement, and increasing efficiency to achieve the highest standards of clinical care. For more information, visit www.cap-rx.com.
