SRX has been named one of the “5 Best HealthTech Solution Providers” by CIO Bulletin, a leading news platform for business and IT professionals. The publication identified SRX as an innovator in post-acute and long-term care (LTC) whose technology and automation help facilities manage pharmacy bills and achieve their lowest net cost.
“I’m incredibly proud of everyone at SRX and the tremendous work we’ve all put in to keep SRX growing and innovating. It’s been an incredible year for our customers and we’ve seen new levels of success with our services helping operators capture record savings. The industry may still be in recovery mode, but we’ve remained committed to helping operators optimize their processes that are helping their recovery. This award is a testament to the hard work our team has put in and the results we’ve helped our customers achieve,” said former CEO, now COO, Scott Taylor.
In an exclusive interview with CIO Bulletin, Taylor discussed SRX’s evolution since it was founded in 2015. On the importance of innovation in long-term care and SRX’s services, Scott had the following to say:
“Seeing opportunities to take arduous work off administrators’ hands through the development of technological processes is how we define innovation. Whenever we can find a way to free up human intelligence and brainpower to tackle meaningful tasks by replacing a repetitive or complex process with automation, or reducing that workload, that is innovation. We have specialists with a variety of backgrounds and expertise, so our partners don’t have to worry about training in-house resources for an incredibly complex task they would never have the time to fully master. Innovation at SRX is applying the best solution to the task at hand, reducing complexity, and improving transparency.”
SRX was recently acquired by ThirdWave Rx, a drug rebate management solution for healthcare providers. CIO Bulletin evaluated SRX for the award prior to the announcement of the acquisition. Ed Lagerstrom is SRX’s new CEO.
Read the full interview here.
SRX is a unified drug cost management solution for long-term care operators. We achieve unrivaled drug cost savings by combining our proprietary technology with expert advisors. SRX’s solutions automate drug rebates, optimize pharmacy management practices, increase managed care exclusion reimbursements, and provide cost-effective employee prescription benefits. SRX guarantees quarterly rebates are paid on time, every time, with no out-of-pocket cost.