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nirvanaHealth | RxAdvance

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nirvanaHealth | RxAdvance Products (2)

   
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Pharmacy Benefit Manager (PBM)

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Pharmacy Benefit Provider

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nirvanaHealth | RxAdvance Info

Founded:

2013

Funding Summary:

50M Venture Round

Location:

136 Turnpike Road, Southborough, MA 01772, US

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RxAdvance is a national full-service pharmacy benefit manager (PBM) leveraging Collaborative PBM Cloud™ to manage standard and specialty drug benefits with unmatched regulatory compliance and transparency. In addition, RxAdvance offers a global pharmacy risk partnership model standing shoulder-to-shoulder with plan... Show More

About this vendor

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RxAdvance is a national full-service pharmacy benefit manager (PBM) leveraging Collaborative PBM Cloud™ to manage standard and specialty drug benefits with unmatched regulatory compliance and transparency. In addition, RxAdvance offers a global pharmacy risk partnership model standing shoulder-to-shoulder with plan sponsors. RxAdvance delivers integrated PBM services that reduce overall pharmacy costs and drug-impacted medical costs while improving patients’ quality of life. With Collaborative PBM Cloud™, we administer comprehensive PBM services with operating costs 40% lower than the costs of any other PBM today, which leads to lower administrative fees, reduced drug unit costs, and increased rebate income to plan sponsors. With Intelligent DUR360 Gateway™, we promote optimal utilization of drug benefits and reduce overall medical spend. By providing intelligence at the Point of Care and Point of Sale, and establishing a robust platform for member and plan sponsor engagement, we are setting the new standard in PBM service excellence.

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