Leading Midwestern Grocer Taps Transformative RxAgile to Provide Efficient Pharmacy Benefits Solutions and Power Prescriptions Savings for its New Subsidiary Vivid Clear Rx
RxSense®, the healthcare technology company improving transparency and access to affordable medications, today announced it will power enterprise solutions for pharmacy benefits administration to Vivid Clear Rx, a subsidiary of Hy-Vee, Inc. Hy-Vee is one of the nation’s leading grocery chains with more than 275 stores spanning eight states across the Midwest. With sales of more than $11 billion annually, Hy-Vee ranks among the top 25 supermarket chains and the top 50 private companies in the United States.
Seeking a modern, cloud-based enterprise platform to provide flexible and efficient solutions, Vivid Clear Rx selected RxSense’s industry-leading RxAgile enterprise technology to launch its own private-label pharmacy benefits manager. RxSense is providing Vivid Clear Rx with a full-service suite of modules for pharmacy benefit management that will supplement assets that Hy-Vee already owns and operates. Vivid Clear Rx will also leverage this partnership to merchandise its own private-label pharmacy benefit solutions to regional businesses in the marketplace they serve.
RxSense’s analytics product RxIQ will provide Vivid Clear Rx with real-time health plan performance insights as well. RxIQ offers clients customizable dashboards offering deeper plan insights; financial, operational and clinical action alerts; and the ability to effortlessly sort and evaluate data by claim type, pharmacy or geography.
"We are pleased to partner with Hy-Vee to provide them with RxAgile, our leading-edge enterprise platform for pharmacy benefits, which will power their newly formed Vivid Clear Rx subsidiary," said RxSense founder and CEO Rick Bates. "Hy-Vee’s adoption of our modern platform reflects their progressive approach to managing their own prescription drug program and the tremendous value they see in our innovative self-service solutions that offer efficiency, transparency and the best-in-industry reporting and analytics engine."
"We are very excited to offer services in partnership with RxSense, as we know their data platform will help businesses, including Hy-Vee, make even better decisions when it comes to employee benefits and pharmacy spending," said Mike Agostino, senior vice president for pharmacy business development at Hy-Vee and president of Vivid Clear Rx. "We look forward to helping Hy-Vee and many other employers around the country gain better insights into their pharmacy benefits spending as well as bring greater value to their health care programs."
Key Features of RxAgile
Cloud-based, offering flexibility to quickly, easily adjust and scale to support increased volume
Simple drag and drop interface, for operations staff to easily manage configuration changes and exceptions without dependency on IT support or long development timelines
Customizable service levels, including self-serve solutions, offers clients the support to meet their unique business needs
Secure API-based platform enables all aspects of the platform, including member tools, to be completely in sync in real time
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 RxAgile, 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.
RxSense was named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.
RxSense® is a healthcare technology company developing industry-leading solutions that improve transparency and access to more affordable medications for millions across America. RxSense's transformative RxAgile 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. RxSense is headquartered in Boston with offices in New York City, greater Philadelphia and West Palm Beach, Fla. 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.
About Hy-Vee, Inc.
Hy-Vee, Inc., the parent company of Vivid Clear Rx, is an employee-owned corporation operating more than 275 retail stores across eight Midwestern states with sales of $10 billion annually. The supermarket chain is synonymous with quality, variety, convenience, healthy lifestyles, culinary expertise and superior customer service. Hy-Vee ranks in the Top 10 Most Trusted Brands and has been named one of America’s Top 5 favorite grocery stores. The company’s more than 88,000 employees provide "A Helpful Smile in Every Aisle" to customers every day. For additional information, visit www.hy-vee.com.
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