Latest news with #LucyIQ™
Business Wire
20-05-2025
- Business
- Business Wire
LucyRx Expands Executive Team
BETHESDA, Md.--(BUSINESS WIRE)-- LucyRx, a next-generation pharmacy benefits manager (PBM) committed to simplifying and improving access to prescription care, recently added four healthcare industry veterans to expand core operations, including legal, sales and government programs as the company continues its rapid growth nationwide. With patient-focused and fairly priced pharmacy benefits in high demand, LucyRx has grown quickly, now covering more than one million members with 1,200 health plan clients across the U.S. Share With patient-focused and fairly priced pharmacy benefits in high demand, LucyRx has grown quickly, now covering more than one million members with 1,200 health plan clients across the U.S. These healthcare veterans add valuable depth to support the company's growth—as more organizations choose its member-centered, technology-driven approach to prescription benefits. Paul Brown, Chief Legal Officer and General Counsel, will oversee the company's legal strategy, compliance and risk management. Paul brings extensive experience in regulatory compliance, commercial transactions and M&A execution and integration from prior roles at Kaufman Hall (a Vizient company) and UL Solutions. Michael McCarrell, Chief Operating Officer, will lead all core operational areas including customer service, claims administration and clinical operations. Michael brings over 25 years of healthcare leadership experience, most recently as President and COO of CPS Solutions, where he led the nation's largest hospital pharmacy services provider. Crescent Moore, Senior Vice President of Government Programs, will lead LucyRx's expansion into Medicare and other government-sponsored markets. Crescent brings nearly two decades of leadership in Medicare Part D and clinical strategy, most recently as Director Part D/Pharmacy at BluePeak Advisors. Cody Field, Senior Vice President of Employer Sales, joins LucyRx with a strong background in clinical care, account management, and business development. Most recently at Marsh McLennan, Cody brings a patient-first mindset and deep healthcare experience that will further strengthen LucyRx's partnerships with employers nationwide. 'Each of these leaders brings significant experience to ensure LucyRx is the most innovative, highest performing, patient-centered prescription benefit provider in the industry,' said David Blair, CEO of LucyRx. 'With Mike, Paul, Crescent and Cody on board, we're well positioned to bring our vision to life: prescription care, brilliantly reimagined.' About LucyRx LucyRx is an independent, next-generation pharmacy benefit manager (PBM) redefining prescription care. Fueled by innovation and decades of leadership experience, LucyRx delivers better outcomes through its integrated specialty network, formulary marketplace, and next-day home delivery solutions. Powered by its proprietary AI platform, LucyIQ™, the company provides real-time insights that support evidence-based clinical decisions, clear pricing, and exceptional service from U.S.-based pharmacy technicians. Partnering with more than 60,000 pharmacies, LucyRx serves over 1,200 clients nationwide. This is prescription care, brilliantly reimagined. Learn more at
Yahoo
20-05-2025
- Business
- Yahoo
LucyRx Expands Executive Team
Strategic appointments support rapid growth with proven leadership in core operating areas BETHESDA, Md., May 20, 2025--(BUSINESS WIRE)--LucyRx, a next-generation pharmacy benefits manager (PBM) committed to simplifying and improving access to prescription care, recently added four healthcare industry veterans to expand core operations, including legal, sales and government programs as the company continues its rapid growth nationwide. With patient-focused and fairly priced pharmacy benefits in high demand, LucyRx has grown quickly, now covering more than one million members with 1,200 health plan clients across the U.S. These healthcare veterans add valuable depth to support the company's growth—as more organizations choose its member-centered, technology-driven approach to prescription benefits. Paul Brown, Chief Legal Officer and General Counsel, will oversee the company's legal strategy, compliance and risk management. Paul brings extensive experience in regulatory compliance, commercial transactions and M&A execution and integration from prior roles at Kaufman Hall (a Vizient company) and UL Solutions. Michael McCarrell, Chief Operating Officer, will lead all core operational areas including customer service, claims administration and clinical operations. Michael brings over 25 years of healthcare leadership experience, most recently as President and COO of CPS Solutions, where he led the nation's largest hospital pharmacy services provider. Crescent Moore, Senior Vice President of Government Programs, will lead LucyRx's expansion into Medicare and other government-sponsored markets. Crescent brings nearly two decades of leadership in Medicare Part D and clinical strategy, most recently as Director Part D/Pharmacy at BluePeak Advisors. Cody Field, Senior Vice President of Employer Sales, joins LucyRx with a strong background in clinical care, account management, and business development. Most recently at Marsh McLennan, Cody brings a patient-first mindset and deep healthcare experience that will further strengthen LucyRx's partnerships with employers nationwide. "Each of these leaders brings significant experience to ensure LucyRx is the most innovative, highest performing, patient-centered prescription benefit provider in the industry," said David Blair, CEO of LucyRx. "With Mike, Paul, Crescent and Cody on board, we're well positioned to bring our vision to life: prescription care, brilliantly reimagined." About LucyRx LucyRx is an independent, next-generation pharmacy benefit manager (PBM) redefining prescription care. Fueled by innovation and decades of leadership experience, LucyRx delivers better outcomes through its integrated specialty network, formulary marketplace, and next-day home delivery solutions. Powered by its proprietary AI platform, LucyIQ™, the company provides real-time insights that support evidence-based clinical decisions, clear pricing, and exceptional service from U.S.-based pharmacy technicians. Partnering with more than 60,000 pharmacies, LucyRx serves over 1,200 clients nationwide. This is prescription care, brilliantly more at View source version on Contacts Media Contact Tricia Bancroft516-241-6157press@ Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
LucyRx Announces New Investment from LRVHealth to Drive Innovation and Expand Access to Smarter Pharmacy Benefits
This investment reflects a growing demand for pharmacy innovation among health systems BETHESDA, Md., April 15, 2025--(BUSINESS WIRE)--LucyRx, a next-generation pharmacy benefits manager (PBM), today announced a strategic growth investment from LRVHealth, a healthcare investment platform backed by a national network of leading health systems. With this funding, LRVHealth joins LucyRx's existing investor base, bringing the company's total committed capital to more than $500 million. The investment recognizes LucyRx's role in transforming the PBM industry and will further scale the company's technology-enabled platform, expand client partnerships, and ultimately enhance prescription drug access and affordability. "This partnership marks a pivotal moment for LucyRx as we continue our mission to rethink what's possible in pharmacy benefits," said David Blair, CEO of LucyRx. "LRVHealth's deep industry expertise and strategic network will help accelerate our growth, broaden our impact, and bring our high-touch, client-first PBM approach to more employers, payers, and members." Accelerating Innovation & Expanding Reach With employers and payers demanding greater clarity, flexibility, and control over pharmacy benefits, LucyRx is setting a new standard in the prescription benefit industry—one that combines advanced technology with a commitment to high-touch service. The investment will accelerate: Expansion of LucyRx's technology-driven PBM model, delivering cost efficiency, personalized support, and plan flexibility. Customizable solutions that simplify formulary management, reduce administrative complexity, and improve medication adherence—while driving down overall costs. Advanced analytics and AI-powered tools through LucyIQ™, enabling smarter decision-making for plan sponsors and members. "As pharmacy benefits continue to evolve, we see strong alignment between LucyRx's solutions and the needs of our health system partners," said Tripp Peake, Managing Partner at LRVHealth. "There is tremendous potential in their model, and we are excited to support David and the LucyRx team." A Shared Vision for Impact The investment aligns with LRVHealth's mission-driven approach to creating meaningful health and social impact through three core pillars: Creating Healthier Communities Expanding Access to Care Building Sustainable Healthcare Systems LucyRx is committed to creating healthier communities and expanding access to care through an accountable, patient-first approach to pharmacy benefits. About LucyRx LucyRx is an independent, next-generation pharmacy benefit manager (PBM) redefining prescription care. Fueled by innovation and decades of leadership experience, LucyRx delivers better outcomes through its integrated specialty network, formulary marketplace, and next-day home delivery solutions. Powered by its proprietary AI platform, LucyIQ™, the company provides real-time insights that support evidence-based clinical decisions, clear pricing, and exceptional service from U.S.-based pharmacy technicians. Partnering with more than 60,000 pharmacies, LucyRx serves over 1,200 clients nationwide. This is prescription care, brilliantly more at View source version on Contacts Media Contact Tricia Bancroft516-241-6157press@
Yahoo
18-03-2025
- Health
- Yahoo
LucyRx Introduces the Sustaining Pharmacy Access & Rural Care (SPARC) Program to Support Independent Pharmacies in Underserved Areas
A bold step towards closing the healthcare gap and fostering a more equitable, patient-centered pharmacy system BETHESDA, Md., March 18, 2025--(BUSINESS WIRE)--LucyRx, a next-generation pharmacy benefit management company, has launched the Sustaining Pharmacy Access & Rural Care (SPARC) Program to help ensure independent pharmacies in underserved communities remain viable. By increasing per-prescription reimbursements, promoting community-based healthcare initiatives and advocating for legislative reforms, SPARC provides much-needed support to pharmacies operating in "pharmacy deserts," which are areas with limited access to essential pharmacy services. "Pharmacists play a critical role in health care, helping patients understand their medications and the importance of following the care prescribed by their doctors," said David Blair, CEO of LucyRx. "Pharmacies are more than just places to fill prescriptions—they are primary care lifelines for their communities." Pharmacy deserts are found in both rural and urban regions and negatively impact public health, particularly among vulnerable populations such as seniors, individuals with chronic conditions, and low-income communities. According to a recent study the National Community Pharmacists Association reported that approximately 15.8 million people in the U.S. live in pharmacy deserts. "With the launch of our SPARC Program, we are taking meaningful action to ensure these essential pharmacies remain viable and continue serving the patients who depend on them every day," added Blair. By investing in higher reimbursements for these pharmacies, LucyRx's SPARC Program preserves and strengthens the healthcare infrastructure in underserved areas. In addition to financial support, the program promotes community-based healthcare, such as vaccinations, medication therapy management, and health screenings as well as advocates for legislation reforms to expand pharmacists' scope of practice allowing them to prescribe certain medications, manage chronic conditions and provide preventative care. The SPARC Program is consistent with LucyRx's commitment to improve healthcare access for patients in underserved communities and safeguard the future of independent pharmacies. For more information about LucyRx please visit or contact us at info@ About LucyRx LucyRx is pioneering a new era of prescription care—one where clarity replaces complexity, and plan sponsors regain control over their pharmacy benefits. As an independent pharmacy benefits manager, LucyRx eliminates hidden incentives, optimizes formularies with real-time insights, and delivers cost savings without compromising care. Powered by LucyIQ™, our proprietary AI-driven platform, LucyRx provides actionable data to simplify plan design, reduce costs, and improve outcomes for employers, health plans, and members. With a focus on transparency, flexibility, and patient-first solutions, LucyRx ensures prescription benefits work as originally intended. This is prescription care, brilliantly reimagined. LucyRx partners with 60,000 pharmacies and serves over 1,200 clients nationwide, delivering a smarter way forward for prescription benefits. Learn more at View source version on Contacts Media Contact Tricia Bancroft516-241-6157 Sign in to access your portfolio
