BOSTON – RxSense, the health care technology company improving transparency and access to affordable medications, announced it will power enterprise solutions for pharmacy benefits administration to Vivid Clear Rx, a subsidiary of Hy-Vee, Inc. Hy-Vee is one of the nation’s leading grocery chains with more than 275 stores spanning eight states across the Midwest. With sales of more than $11 billion annually, Hy-Vee ranks among the top 25 supermarket chains and the top 50 private companies in the United States.
Seeking a modern, cloud-based enterprise platform to provide flexible and efficient solutions, Vivid Clear Rx selected RxSense’s industry-leading RxAgile enterprise technology to launch its own private-label pharmacy benefits manager. RxSense is providing Vivid Clear Rx with a full-service suite of modules for pharmacy benefit management that will supplement assets that Hy-Vee already owns and operates. Vivid Clear Rx will also leverage this partnership to merchandise its own private-label pharmacy benefit solutions to regional businesses in the marketplace they serve.
RxSense’s analytics product RxIQ will provide Vivid Clear Rx with real-time health plan performance insights as well. RxIQ offers clients customizable dashboards offering deeper plan insights; financial, operational and clinical action alerts; and the ability to effortlessly sort and evaluate data by claim type, pharmacy or geography.
“We are pleased to partner with Hy-Vee to provide them with RxAgile, our leading-edge enterprise platform for pharmacy benefits, which will power their newly formed Vivid Clear Rx subsidiary,” said RxSense founder and CEO Rick Bates. “Hy-Vee’s adoption of our modern platform reflects their progressive approach to managing their own prescription drug program and the tremendous value they see in our innovative self-service solutions that offer efficiency, transparency and the best-in-industry reporting and analytics engine.”
“We are very excited to offer services in partnership with RxSense, as we know their data platform will help businesses, including Hy-Vee, make even better decisions when it comes to employee benefits and pharmacy spending,” said Mike Agostino, senior vice president for pharmacy business development at Hy-Vee and president of Vivid Clear Rx. “We look forward to helping Hy-Vee and many other employers around the country gain better insights into their pharmacy benefits spending as well as bring greater value to their health care programs.”