RxSense

RxSense is a HealthTech company founded in 2014 by Rick Bates. It specializes in modernizing pharmacy benefit management (PBM) through innovative software solutions aimed at lowering costs and improving access to prescription medications. The company develops products that serve various stakeholders, including PBMs, pharmacies, pharmaceutical manufacturers, payers, and consumers, optimizing pharmacy-related processes and outcomes. One of RxSense's key offerings is SingleCare, a prescription savings brand that provides competitive prices for consumers while driving profitable volume to pharmacy partners. The company also enhances claims adjudication and business performance visibility for established PBMs and pharmacy owners, delivering custom pharmacy programs that help capture new revenue and retain customers. RxSense collaborates with healthcare organizations, including health plans and pharmacies, and is involved in significant partnerships like powering ProAct and supporting Walgreens’ Digital Marketplace. Additionally, RxSense is integrating advanced AI and analytics into its operations, focusing on automation in pricing projections and benefit plan creation. This commitment to innovation positions RxSense as a leader in transforming pharmacy benefit management and improving access to medications.