TransactRx Revenue and Competitors

TransactRx is a technology service provider that has developed the Cross Benefit Clearinghouse and Population Management applications that are core to the TransactRx “Platform”. The Platform was specifically designed for and deployed on the Amazon AWS. The Platform enables Benefit Managers (PBM”s, Health Plans, Billing and Technology Providers) to seamlessly integrate the nation’s real-time pharmacy switching infrastructure with the nation’s batch medical claims clearinghouse infrastructure and translate claim status and remittance advice transactions into formats and with content that can be processed automatically by the submitting platform, using their existing infrastructure, i.e., “plugged into” any current implementation of pharmacy or medical software, pharmacy switches and medical claims clearinghouse connections without any software modification requirements. The Platform provides Insurers flexibility in new benefit designs to best optimize risk models and allows them to easily move drugs and services between medical benefits and pharmacy benefits. This unique platform facilitates new types of business relationships between healthcare providers, insurers, PBMs and all types of healthcare entities that otherwise would have been impossible to create. TransactRx is blurring the lines between medical and pharmacy benefits.