Walmart partners with PBM startup to increase prescription drug cost savings

Walmart joined forces July 7 with emerging pharmacy benefit manager Capital Rx to adopt its drug pricing framework for specialty and mail-order prescriptions.

Capital Rx's Clearinghouse Model is a cloud-based technology platform that offers plan sponsors a real-time, transparent look at drugs' unit prices. The platform has reduced arbitrary price variability among retail prescriptions, and it is now expanding to specialty and mail-order ones via this partnership.

"Capital Rx offers employers a guaranteed price for each prescription. We're providing cost certainty on every transaction, not a constantly fluctuating price driven by PBM profitability," AJ Loiacono, Capital Rx's CEO and founder, said in a news release. "Most importantly, all employers receive the same price on prescriptions. There is no more price disparity between larger and smaller employers, enlightened and uninformed buyers, everyone receives the same, everyday low price."

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