Capital Rx’s Judi Health Wins ‘Best Healthcare InsurTech Solution’ at MedTech Breakthrough Awards
Capital Rx, Inc., a leading enterprise health technology company, has announced that its Judi Health platform has been selected as the winner of the “Best Healthcare InsurTech Solution” award in the 9th annual MedTech Breakthrough Awards program. This recognition highlights Judi Health’s innovative approach to unified claims processing, revolutionizing the healthcare industry.
Revolutionary Unified Claims Processing Platform
Judi Health is the industry’s first claim processing platform capable of providing a unified pharmacy and medical benefit experience for health plans, third-party administrators, government agencies, and employer plan sponsors. By consolidating all necessary workflows into a central system, Judi Health enables a holistic view of patient health data, resulting in more prompt and precise member service and higher-quality care at reduced costs.
AJ Loiacono, Co-Founder & CEO of Capital Rx, expressed gratitude for the recognition, stating, “The U.S. healthcare system has approximately $1 trillion of administrative waste embedded in it due to its legacy infrastructure. Judi Health finally enables the realization of a member-centric, cost-effective, and value-based healthcare system.”
Transforming Healthcare Administration
The Judi Health platform is powered by Capital Rx’s proprietary enterprise health platform, Judi. Its open architecture allows for seamless information exchange with numerous parties involved in patient care, supporting both pharmacy and medical claim administration. According to Ryan Kelly, Co-Founder & CTO, “This results in more prompt and precise member service and overall higher-quality care at the lowest possible cost.”
Dr. Sunil Budhrani, Chief Innovation and Medical Officer at Capital Rx, emphasized the significance of Judi Health, stating, “By connecting medical to pharmacy through one platform, we are providing a chassis that benefits all stakeholders – patients, providers, plan sponsors, and payers – by breaking down the silos that prevent the delivery of higher quality care and allowing for greater transparency, flexibility, and efficiency.”
About MedTech Breakthrough Awards
The MedTech Breakthrough Awards program celebrates excellence and innovation in the health and medical technology industry. This year’s program saw a record-breaking number of nominations from leading companies and startups across more than 18 countries, showcasing the global impact of the digital healthcare industry.
Steve Johansson, Managing Director at MedTech Breakthrough, praised Judi Health, saying, “Judi Health offers a unique healthcare solution to enable seamless, transparent, modular, and efficient claims processing. We’re thrilled to recognize Judi Health with ‘Best Healthcare InsurTech Solution!'”
To learn more about Judi Health and the importance of Unified Claims Processing, please visit www.judi.health.
About Capital Rx
Capital Rx is a health technology company providing claim administration and technology solutions for carriers, health plans, TPAs, employer groups, and government entities. As a public benefit corporation, Capital Rx aims to reduce healthcare costs through its full-service PBM and Judi, its cloud-native enterprise health platform. For more information, visit www.capitalrx.com.
