RxSense

RxSense

Pharmacy benefits management technology solutions

About RxSense

Simplify's Rating
Why RxSense is rated
C+
Rated D- on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Healthcare

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

2015

Overview

RxSense specializes in providing technology solutions for the pharmacy benefits management (PBM) industry. The company offers an enterprise platform that integrates real-time business intelligence and analytics, allowing PBMs to gain actionable insights and make informed decisions to improve their operations. This platform helps clients streamline the complex processes of managing pharmacy benefits and claims adjudication. RxSense differentiates itself from competitors by offering a modular platform that includes APIs for interoperability, ensuring different systems can work together effectively. The company's goal is to simplify and optimize pharmacy benefits management, enabling clients to enhance their business performance and improve care delivery.

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Simplify's Take

What believers are saying

  • Partnership with Walgreens expands RxSense's reach and consumer base significantly.
  • Collaboration with Mark Cuban's Cost Plus Drugs enhances consumer-centric care offerings.
  • EmsanaRx partnership boosts transparency and attracts more employer clients.

What critics are saying

  • Increased competition from AI-driven solutions threatens RxSense's market position.
  • Walgreens partnership exposes RxSense to potential business fluctuations and challenges.
  • Collaboration with Cost Plus Drugs may lead to strategic misalignments.

What makes RxSense unique

  • RxSense offers a cloud-based platform for real-time pharmacy benefits management.
  • The RxIQ platform provides actionable insights and data-driven decision-making capabilities.
  • RxSense's APIs ensure seamless interoperability with industry standards like FHIR and NCPDP.

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Company News

Inside Telecom
Mar 2nd, 2025
Pharmaceutical AI Finally Disrupts Traditional Pharmacy Benefits Management

In January, AI in pharmacy saw its biggest shift in pharmacy benefits management (PBM) as RxSense launched its cloud-based RxIQ analytics platform, delivering real-time data insights and optimized efficiency for healthcare organizations.

ROI-NJ
Jun 3rd, 2024
Cushman & Wakefield Arranges 5 Leases Totaling Over 60K Sq. Ft. At Princeton Point

Five new leases totaling over 60,000 square feet were recently negotiated at Princeton Point, an office property located at 600 and 650 College Road E. in Princeton, thanks to the expertise of Cushman & Wakefield’s Todd Elfand and Kevin Carton, who represented the landlord, Nuveen Real Estate, in the transactions.The leases include:Dr. Reddy’s Labs expanded by 7,000 square feet and will now occupy approximately 60,000 square feet at the property. The tenant was represented by Shawn Straka of Cushman & Wakefield.Galapagos, an international biotechnology company, signed a 15,000-square-foot lease. The tenant was represented by CBRE.Coface North America Insurance Co., a trade credit insurer, signed a 13,000-square-foot lease. The tenant was represented by CBRE.RxSense, a health care technology company, signed a 26,000-square-foot sublease

Community Impact
Dec 11th, 2023
Walgreens partners with RxSense, launches prescription savings tool

Walgreens partners with RxSense, launches prescription savings tool.

Tullahoma News
Dec 9th, 2023
Walgreens Taps RxSense to Power "Rx Savings Finder", a New Digital Marketplace for Prescription Discounts

RxSense(R), the healthcare technology company delivering industry-leading solutions for pharmacy benefits and prescription savings, today announced its collaboration with Walgreens to launch a new digital marketplace for consumers to access lower prices on thousands of prescription medications at Walgreens pharmacies nationwide.

Focus Daily News
Nov 30th, 2023
Website Enables Walgreens Customers to Conveniently Shop Third Party Discount Coupons and Save Up to 80% on their Meds

RxSense(R), the healthcare technology company delivering industry-leading solutions for pharmacy benefits and prescription savings, today announced its collaboration with Walgreens to launch a new digital marketplace for consumers to access lower prices on thousands of prescription medications at Walgreens pharmacies nationwide.

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