"We are excited to take this bold step forward and demonstrate our readiness to redefine the PBM market. These acquisitions position LucyRx as the dominant force in the market offering a unique blend of services that set us apart from traditional PBMs.” - David Blair, Chief Executive Officer
LucyRx
Hospitals and Health Care
Bethesda, MD 1,283 followers
Bringing Clarity to Prescription Drug Cost Management
About us
LucyRx is a modern, full-service pharmacy benefit management (PBM) company that makes prescription management more accessible, understandable, and personal. While the traditional PBM model reinforces complex pricing and leads to unchecked drug costs, our solutions provide enhanced transparency in drug pricing, reduced claims processing complexity, and a high touch service model, addressing clear gaps in the market. Over the past three decades, we have dedicated ourselves to investing in cutting-edge technology and adopting the most effective care and cost solutions. This strategic commitment has positioned us as the next leading PBM.
- Website
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www.lucyrx.com
External link for LucyRx
- Industry
- Hospitals and Health Care
- Company size
- 51-200 employees
- Headquarters
- Bethesda, MD
- Type
- Privately Held
- Founded
- 2023
Locations
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Primary
Bethesda, MD 20814, US
Employees at LucyRx
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Tricia Bancroft
Full-Stack Marketing Leader | Brand Management | Corporate Marketing | Integrated Marketing & Campaigns | Event Strategy | Servant Leader
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Peter Bingaman
Senior Vice President Marketing | Healthcare | HealthTech | FinTech
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Susan Thomas
Strategic healthcare leader spearheading pharmacy benefit solutions to drive optimal health outcomes.
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Zane Banky
Senior Vice President, Client Engagement & Strategy @ LucyRx | Healthcare Industry Expert
Updates
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Our own Susan Thomas, Chief Commercial Officer, comments on the #portstrike in this Fox Business Network article and the significant implications of potential delays in getting medications to patients in need. Patients who may be worried about their #pharmacies running out of medication should start monitoring their supplies and order a 90-day supply, if possible, to mitigate any potential impacts.
Port strike could delay delivery of critical medications: It could be 'devastating,' doctors say
foxbusiness.com
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Attending Self-Insurance Institute of America, Inc. National Conference this week? Our CEO, David Blair will be speaking on managing the anticipated rise in GLP-1 spend during a session called “Self-Insured Health Plan Pharmacy Spend – Non-Traditional Strategies to Consider” on Wednesday at 3:15 MST. You don’t want to miss it! #PBM #PharmacyBenefits #HealthcareTransformation #LucyRx #Innovation #SIIALead
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Congratulations to PITT OHIO!
So honored to accept 2 awards on behalf of PITT OHIO tonight. PITT OHIO was awarded the honor of Top Workplace in Pittsburgh for the 14th year in a row. 👏 PITT OHIO was recognized as the #3 Top Workplace in the Large Employer category. 😊 On top of this prestigious award we won a special award called the Benefits Award. This award reinforces the amazing healthcare PITT OHIO offers to its employees. Thank you to Brad Caven , Taki Darakos, and Brian M. McGuire for joining me to celebrate tonight.
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2024 PSG Customer Satisfaction Survey: A Call for Transformation The results of this year's Pharmaceutical Strategies Group - PSG customer survey are eye-opening but frankly not that surprising – we’ve been talking about this for far too long. With NPS hitting a decade low of 6 and even the Big 3 PBMs showing a negative score (-2), the industry is at a pivotal moment. It's clear the status quo isn't working. The desire for change is palpable, and what stands out most is the overwhelming interest from plan sponsors to choose PBMs other than the Big 3, with over 50% of respondents expressing strong interest in exploring alternative solutions. At LucyRx, we see this as reassurance to disrupt the traditional approach and deliver unbiased solutions, actionable reporting, and innovation that truly meet the needs of both plan sponsors and members. We've built an organization to do just that. The time for differentiation is now. We are committed to leading the charge in transforming how PBM services are delivered, and we are the right choice for plan sponsors concerned about what they are getting or not getting from their current PBM. https://lnkd.in/gjfU57Eh #PBM #PharmacyBenefits #HealthcareTransformation #LucyRx #Innovation #CustomerSatisfaction
2024 PBM Customer Satisfaction Report | Pharmaceutical Strategies Group (PSG)
psgconsults.com
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Don't miss out on PREMIER Workforce Solutions, LLC "Preparing for the New Plan Year Webinar Series"! Our very own VP of Sales, Dustin Jones, will share valuable pharmacy insights to help you ask the right questions when working with your broker. This is a must-attend event for anyone looking to take control of their pharmacy spend and make smarter decisions for the upcoming plan year.
Register to join us for part two of our webinar series as Nick Porter and Dustin Jones with LucyRx share pharmacy insights so you can be better prepared with questions for your broker. Join us for "HR's Toolkit to Pharmacy Spend: What Your PBM Doesn't Want You to Know." Register here: https://lnkd.in/gv_ihqeS
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LucyRx Leadership Team Shines Bright by Snagging Top Talent: We are beaming with excitement in welcoming Eric Estes, SVP, Business Development and Timon Wang, VP and GM, Account Management and Integration to the LucyRx team. In his new role, Eric will lead the LucyRx sales team as they engage with consultants, brokers, employers and Health Plans to introduce LucyRx’s industry leading technology, crystal clear contracting, new clinical programs and an autonomous supply chain. With over 35 years of experience in the pharmacy benefit management space, Eric is well-positioned advance LucyRx’s mission to do things differently by bringing the best net cost solutions to clients and members. This isn’t the first time Eric will ignite a new strategic direction. As the former Chief Pharmacy Executive for Independence Blue Cross of Philadelphia, he played a pivotal role in shaping healthcare initiatives for the largest regional health plan in PA. As the VP and GM of Account Management and Integration and a staunch advocate for clients and their members Timon will be instrumental in establishing an enhanced relationship driven service model at LucyRx. As a well-respected people leader, Timon will use over 20 years of industry experience to guide the account management team to deliver on that model, promoting a consultative approach to finding cost-effective, patient-focused solutions for clients. In his former role at Elixir, Timon’s emphasis on accountability helped to increase his team’s NPS score by 20 points in one year. We look forward to a brilliant future with Eric and Timon working collaboratively with the LucyRx team and its partners.
LucyRx Partners with Employers for a New Kind of PBM
formularywatch.com
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“We have a commitment to accountability. To us, that means we're going to treat your money like it's our own money. It’s our company policy.” - David Blair, CEO
LucyRx Partners with Employers for a New Kind of PBM
formularywatch.com
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Honoring Our Heroes This Memorial Day At LucyRx, we are grateful for the service of our nation's heroes who have made the ultimate sacrifice for our country. This Memorial Day, let's pause to remember our service men and women and their profound impact on the freedoms we cherish.
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Transforming PBM with Innovation and Integrity! Over the past 18 months, LucyRx has revolutionized the Pharmacy Benefit Management market with cutting-edge technologies and unparalleled transparency. Our independent conflict-free approach ensures the best outcomes for clients and members. Read the full press release to learn more about our journey. #HealthcareInnovation #PBM #LucyRx
LucyRx's Growth Accelerates through Strategic Investments
prnewswire.com