Capital Rx Achieves Full URAC Reaccreditation in PBM Services
Capital Rx Achieves Full URAC Reaccreditation in Pharmacy Benefit Management
Capital Rx, a prominent pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), has successfully achieved full URAC reaccreditation for its pharmacy benefit management services. This impressive milestone showcases Capital Rx's unwavering commitment to maintaining outstanding quality, enhancing member engagement, and upholding strict operational standards within the industry.
Commitment to Quality Standards
The URAC Pharmacy Benefit Management reaccreditation touches every corner of the organization, demonstrating Capital Rx's dedication to providing high-quality care to its patients. Dr. Sara Izadi, Chief Clinical Officer at Capital Rx, expressed pride in the team for exemplifying their commitment to the highest standards in the industry and enhancing patient outcomes. Alongside its operational excellence, the URAC accreditation reinforces the organization's capability to meet the demands of the healthcare environment effectively.
Innovative Health Technology
To further bolster its services, Capital Rx has developed JUDI, a proprietary cloud-native enterprise health platform that significantly enhances data protection and cybersecurity features, achieving HITRUST i1 Certification. This innovative platform integrates various facets of the pharmacy ecosystem, aiming to optimize drug price visibility and improve overall patient experiences. Additionally, the organization has also secured accreditation from the National Committee for Quality Assurance (NCQA) in Utilization Management, further establishing its place as a leader in the pharmacy benefit management space.
Transparency in Pharmacy Benefit Management
What sets Capital Rx apart is its unbundled pharmacy benefit approach, allowing for a straightforward claim adjudication process while refusing to profit from medication distribution methods that often compromise patient trust. Initiatives like Never Move Again™ empower employer plan sponsors to take control of their pharmacy benefit strategies by providing clarity on costs and fulfilling their fiduciary obligations. In a time where satisfaction with traditional PBMs is dwindling, Capital Rx is committed to fostering transparency and rebuilding trust in the healthcare landscape.
Voices of Leadership
In light of the reaccreditation, Shawn Griffin, MD, URAC President and CEO, stated, "The URAC accreditation seal represents a commitment to the highest quality standards in healthcare." This acknowledgment reflects not only Capital Rx's dedication but also the ongoing efforts within the healthcare community to improve standards of care for patients.
About Capital Rx
As a leading pharmacy benefit manager and administrator, Capital Rx is revolutionizing the electronic healthcare infrastructure with its innovative solutions. The organization prides itself on its B Corp™ Certification, which highlights a commitment to social and environmental responsibility while driving advancements in pharmacy management. With its groundbreaking workflows and technologies, Capital Rx is on a mission to enhance accessibility and reduce the unpredictability of drug pricing. These efforts prioritize both patient satisfaction and efficient service delivery.
Frequently Asked Questions
What is URAC reaccreditation?
URAC reaccreditation signifies that an organization meets stringent criteria for quality and operational standards in healthcare, particularly in pharmacy benefit management.
Why is Capital Rx's reaccreditation significant?
The reaccreditation showcases Capital Rx's commitment to high-quality care and transparency in pharmaceutical services, differentiating it from traditional PBMs.
What is JUDI?
JUDI is Capital Rx's proprietary cloud-native platform designed to improve data protection and enhance patient outcomes by optimizing pharmacy operations.
How does Capital Rx ensure transparency?
Capital Rx employs an unbundled pharmacy benefit model that avoids profit from medication distributions, focusing on clear cost evaluations and adherence to fiduciary responsibilities for plan sponsors.
Where can I find more information about Capital Rx?
Details about Capital Rx's services and mission can be found by visiting their official website dedicated to providing comprehensive pharmacy benefit management solutions.
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