ProAct to Leverage Cloud-Based RxIQ® Enterprise for Self-Service Benefits Administration and Efficient Claims Processing; RxIQ® Business Intelligence for Transparent Plan Performance Data Insights, and RxSense’s National Retail Pharmacy Network
RxSense®, the healthcare technology company delivering industry-leading solutions for pharmacy benefits and prescription savings, today announced a new partnership to deliver its transformative RxIQ® Enterprise solution to ProAct, Inc., a 100% employee-owned pharmacy benefit manager (PBM). RxIQ Enterprise is the industry’s premier self-service solution offering partners the ability to implement licensed enterprise software for pharmacy benefits, with flexible, cloud-based technology providing clients efficiency, transparency, and speed of innovation. RxIQ Enterprise includes the leading-edge analytics platform RxIQ® Business Intelligence, featuring user-friendly dashboards that offer clients real time, actionable data to improve plan performance.
ProAct is a fully integrated PBM that has delivered member, partner, and client success since 1999 and serves a wide variety of employers, unions, and municipalities. Seeking a modern technology and self-service solution, ProAct chose RxSense for its comprehensive RxIQ Enterprise technology solutions. RxIQ Enterprise provides ProAct greater autonomy for benefits management, efficiency for claims processing, and real-time access to data and plan performance insights through RxIQ Business Intelligence, to enhance the value they provide their clients.
“ProAct is known for delivering clinically focused care and financial savings to their clients and we are proud to partner and implement our leading-edge technology that will provide them greater efficiency and value,” said Rick Bates, founder and CEO of RxSense. “With RxIQ Enterprise and RxIQ Business Intelligence, ProAct can now control their own destiny with plan management, obtain real time data insights, and access our deep national pharmacy network, reaching tens of thousands of pharmacies across the country.”
“We managed a comprehensive and competitive search for our pharmacy benefits platform provider and we are pleased to have selected RxSense, which has already proven to be an outstanding partner, exceeding expectations across the board,” said David Schryver, President of ProAct. “The innovative technology solutions they provide will allow our teams to further enhance the services ProAct brings to the market. Through this partnership with RxSense, we believe that we have the right technology in place for the future to further achieve our goal of creating cost-efficiencies and driving value to ProAct clients.”
The RxIQ Enterprise Difference
RxIQ Enterprise was designed to reinvent how businesses manage the pharmacy benefits ecosystem. With an elegant architecture and simple to use interface, RxIQ Enterprise provides clients with a variety of customizable solutions to meet their business needs, eliminate resource waste, and bring care to patients more efficiently. Businesses that previously needed months to set up pharmacy benefits on legacy systems can now do so in merely days or weeks on RxIQ Enterprise. The breakthrough platform delivers unprecedented transparency on plan performance and an expected 30 percent increase in operational efficiency to clients.
Real Time Data Insights with RxIQ Business Intelligence
RxIQ Business Intelligence dashboard offers convenient and secure access to actionable health plan performance insights and pharmacy claims data in near real time, with hourly updates. The product features interactive and customizable dashboards offering deeper plan insights, and clients can easily sort and evaluate data by categories including claim type, pharmacy or geography. RxIQ Business Intelligence also provides detailed business reports on a plan’s performance and proactive monitoring to detect potential financial, clinical, or operational anomalies with alerts via email or text, enabling timely adjustments.
The RxSense Story
RxSense was founded in 2015 with a singular focus on developing technology solutions that improve healthcare transparency and access to more affordable medications. Founder and CEO Rick Bates brought a seasoned group of healthcare veterans familiar with the challenges of the industry and paired them with a savvy tech team to develop a sophisticated architecture to address the pain points of pharmacy benefits administration. The result was RxIQ® Enterprise, a cutting-edge cloud-based platform that’s smart and simple to use, offering the speed and flexibility to meet the needs of any client.
About RxSense
RxSense is a healthcare technology company delivering industry-leading solutions for pharmacy benefits and prescription savings. RxSense’s transformative RxIQ® Enterprise solutions bring transparency, flexibility and efficiency to pharmacy benefit administration, serving pharmacy benefit managers, regional health plans, health systems, third party administrators, new healthcare and pharmacy entrants and healthcare technology companies.
For more information, visit rxsense.com.
RxSense was named among Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.