RxSense

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RxSense
Company typePrivate
Founded2015; 9 years ago (2015)
FounderRick Bates
HeadquartersBoston, Massachusetts, U.S.
Number of employees
250 (2022)
Websiterxsense.com

RxSense is a United States based health care company.[1][2][3]

History[change | change source]

RxSense was founded in 2015 by Rick Bates.[4] The company focuses on technology for better health care and affordable medications.[5][6] Rick has previously served as the President and COO of Catalyst Health Solutions.[7] RxSense partners include ProAct, TroyRx and EmsanaRX, among others.[8][9][10] In 2020, RxSense received an investment from Parthenon Capital, but the amount was not disclosed.[11][12][13][14]

SingleCare, a subsidiary of RxSense, is a free to use service that helps people save money on prescription medicines.[15][16][17] In 2020, SingleCare partnered with WebMD to create WebMDRx, to give customers better access to lower-priced prescription drugs.[18] In 2021, FamilyWize merged with SingleCare Services and now operates under the SingleCare brand.[19] In 2021, Martin Short partnered with SingleCare for TV ads promoting lower cost medicines.[20][21] Bates received the Entrepreneur of the Year Award in 2018 for his work in SingleCare.[22]

RxAgile is a cloud-based platform and was the first product developed by RxSense.[23]

References[change | change source]

  1. ↑ FinSMEs (2020-05-12). "RxSense Receives Investment from Parthenon Capital". FinSMEs. Retrieved 2023-06-25.
  2. ↑ "Antares Supports Parthenon Capital's Investment in RxSense". ABFJournal. July 9, 2020. Retrieved 2023-06-25.
  3. ↑ "New Hires in RxSense Technology Leadership Team, Includes Indian-Americans". siliconindia. February 19, 2020. Retrieved 2023-06-25.
  4. ↑ "Rick Bates: An Innovative Trailblazer Re-Envisioning Pharmacy Benefits". CIO Look. 2022-04-25. Retrieved 2023-06-25.
  5. ↑ "SingleCare CEO on the rising number of Americans turning to prescription drug delivery amid coronavirus crisis". Yahoo Finance. Retrieved 2023-06-25.
  6. ↑ Wehrwein, Peter (February 2, 2023). "Rick Bates of RxSense Talks Collab With Mark Cuban's Cost Plus Drugs, Direct-To-Consumer Business and More". Managed Healthcare Executive. Retrieved 2023-06-25.
  7. ↑ "The CEO Views - Top Trending Online News Magazines". The CEO Views. 2022-09-29. Retrieved 2023-06-25.
  8. ↑ "ProAct brings on RxSense to enhance pharmacy benefits solutions". CDR – Chain Drug Review. 2021-09-14. Retrieved 2023-06-25.
  9. ↑ "TroyRx Delivers More Prescription Savings and Options to Patients Through Partnership with RxSense". Mainline Media News. 2021-05-13. Retrieved 2023-06-25.
  10. ↑ "EmsanaRx Selects RxSense to Power Its PBM for Large Employers". Yahoo. May 2, 2022. Archived from the original on 2022-12-02. Retrieved 2023-06-25.
  11. ↑ "RxSense Announces Investment From Parthenon Capital". Parthenon Capital. May 12, 2020. Retrieved 2023-06-25.
  12. ↑ Tezuka, Maera (May 12, 2020). "Parthenon Capital invests in healthcare technology company RxSense". www.spglobal.com. Retrieved 2023-06-25.
  13. ↑ "Antares Supports Parthenon Capital's Investment in RxSense - News | ABL Advisor". www.abladvisor.com. Retrieved 2023-06-25.
  14. ↑ "Kirkland Advises Parthenon Capital on Strategic Investment in RxSense | News | Kirkland & Ellis LLP". www.kirkland.com. Retrieved 2023-06-25.
  15. ↑ D'Ambrosio, Daniel (August 12, 2019). "Boston Startup Signs Up Millions For Lower Prescription Drug Costs". Forbes. Retrieved 2023-06-25.
  16. ↑ Thimou, Theo (November 17, 2020). "6 Things to Know Before You Use SingleCare". Clark Howard. Retrieved 2023-06-25.
  17. ↑ "RxSense CEO Rick Bates: Seeking growth and lasting success". OncLive. Retrieved 2023-06-25.
  18. ↑ Galella, Alyssa (January 14, 2020). "SingleCare Partners With WebMD to Launch WebMDRx, Offering Consumers up to 80% Savings on Prescription Drugs". AP. Retrieved 2023-06-25.
  19. ↑ "Nonprofits' Prescription Plans Unites Under SingleCare Brand". The Nonprofit Times. April 26, 2021. Retrieved 2023-06-25.
  20. ↑ Lepitak, Stephen (December 22, 2021). "Martin Short Has a Dream About Lower-Cost Medicines as He Fronts SingleCare Campaign". Adweek. Retrieved 2023-06-25.
  21. ↑ "A look at prescription drugs prices in 2022 — and how pharmacists want to help". Employee Benefit News. 2022-03-25. Retrieved 2023-06-25.
  22. ↑ "People on the Move: Rick Bates". Boston Business Journal. July 18, 2018. Retrieved 2023-06-25.
  23. ↑ "RxSense Brings on Hy-Vee as Newest Client of Industry-Leading RxAgile Enterprise Platform". AITHORITY. December 4, 2020. Retrieved 2023-06-25.

Other websites[change | change source]

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