BioPlus Specialty Pharmacy

BioPlus Specialty Pharmacy

Specialty pharmacy delivering personalized medication management

Overview

BioPlus Specialty Pharmacy provides specialized, end-to-end pharmacy services for patients with complex or chronic conditions who need specialty medications. It works with doctors, insurance companies, and drug manufacturers to obtain and deliver the right medications, manage prior authorizations, and support patients through each step of treatment. Its offerings include personalized medication management, patient support, and care coordination to ensure timely access, proper adherence, and safe use of therapies. What sets BioPlus apart is its focus on integrated care: aligning pharmacy operations with providers, insurers, and manufacturers to streamline processes, meet healthcare compliance requirements, and optimize treatment outcomes. The company's goal is to improve patient health outcomes by improving adherence and ensuring patients receive the right medications efficiently and with the support they need.

Significant Headcount Growth

About BioPlus Specialty Pharmacy

Simplify's Rating
Why BioPlus Specialty Pharmacy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Altamonte Springs, Florida

Founded

1989

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Simplify's Take

What believers are saying

  • Elevance posted BioPlus hiring in July and September 2026, signaling active operations.
  • BioPlus still advertises #1 specialty pharmacy survey rankings on its 2026 website.
  • The Kroger Specialty Pharmacy conversion expands BioPlus volume across Lake Mary, NOLA, and Garden Grove.

What critics are saying

  • The 2021 breach settlement covered up to 350,000 patients and cost $2.2 million.
  • BioPlus still carries litigation baggage through 2024 fee awards and settlement administration.
  • Elevance can fold BioPlus into CarelonRx, then commoditize the brand and cut standalone relevance.

What makes BioPlus Specialty Pharmacy unique

  • Elevance Health owns BioPlus since February 15, 2023, integrating it into CarelonRx.
  • BioPlus spans all 50 states and more than 100 limited-distribution medications.
  • BioPlus V and Kroger Specialty Pharmacy rebrand signals a tech-enabled national service platform.

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Benefits

Health Insurance

Growth & Insights and Company News

Headcount

6 month growth

20%

1 year growth

20%

2 year growth

20%
Elevance Health
Feb 16th, 2023
Elevance Health Announces Closing of BioPlus Acquisition | Elevance Health

Elevance Health has acquired of BioPlus, a comprehensive specialty pharmacy subsidiary of CarepathRx, a portfolio company of Nautic Partners.

Healthcare Dive
Feb 15th, 2023
Elevance Health closes deal to acquire BioPlus | Healthcare Dive

Previously, CarepathRx purchased BioPlus in 2020.

CarepathRx
Aug 22nd, 2022
Bioplusrx launches BioPlus V

BioPlus is proud to introduce BioPlus V, the only virtual pharmacy tool that provides comprehensive visibility for prescribers into every step of their patients’ specialty medication journey.

Phamed
Aug 16th, 2022
Bioplusrx launched ‘BioPlus V,’ the only virtual pharmacy tool on Aug 16th 22'.

BioPlus Specialty Pharmacy, a CarepathRx company and the preeminent specialty pharmacy in the United States, today introduced ‘BioPlus V,’ the only virtual pharmacy tool that provides comprehensive visibility for prescribers into every step of their patients’ specialty medication journey.

CarepathRx
Jun 2nd, 2022
Bioplusrx receives award gold level award

BioPlus earned a gold level award, which represents being in the top 5% for advertising excellence.

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