With a Two-Year Revenue Growth of over 4200% Percent, Capital Rx Ranks No. 3 on Inc. Magazine's List of the Northeast Region's Fastest-Growing Private Companies
NEW YORK, March 16, 2022 /PRNewswire/ -- Inc. magazine revealed that Capital Rx, a healthtech company changing the way prescription drugs are priced and patients are serviced, is No. 3 on its third annual Inc. 5000 Regionals: Northeast list, the most prestigious ranking of the fastest-growing private companies based in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Northeast region economy's most dynamic segment– its independent small businesses.
Capital Rx is one of the fastest-growing healthtech companies in the US. Capital Rx utilizes technology-driven innovations to eliminate arbitrary prescription drug price variability. Over the last four years, Capital Rx has grown to process over 5M claims and service 1M lives nationwide. Capital Rx's goal is to create lasting social change by developing a better healthcare infrastructure that eliminates conflicts of interest, simplifies contracting, and generates immediate savings. Capital Rx's technology-driven innovations inform better plan management, and its high-touch service approach provides unparalleled member service with better financial outcomes for its clients.
"Through our unrelenting commitment to innovation, Capital Rx has experienced exponential growth across our customer base and emerged as the industry leader in electronic claim administration and payment solutions," said AJ Loiacono, CEO of Capital Rx. "It's an honor to be ranked third on the Inc. 5000 Regionals list and evidence that our technology delivers peerless results."
The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2018 and 2020, these 124 private companies had an average growth rate of 208% percent and, in 2020 alone, they added 5,010 jobs and nearly $2.7 billion to the Northeast region's economy. Companies based in the New York City and Boston areas had the highest growth rate overall.
Complete results of the Inc. 5000 Regionals Northeast, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/northeast starting March 15, 2022.
"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come," says Scott Omelianuk, editor-in-chief of Inc.
More about Inc. and the Inc. 5000 Regionals
The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs
the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About Capital Rx
Capital Rx is built around the mission of changing the way prescription drugs are priced and patients are serviced. A health technology company daring to reimagine the pharmacy benefits industry, Capital Rx is executing on that mission through its Clearinghouse Model® - the first equitable framework for drug pricing. Capital Rx's enterprise pharmacy platform, JUDI™, connects every aspect of the pharmacy ecosystem in one platform, enabling patient engagement, and increasing efficiency to achieve the highest standards of clinical care. For more information, visit www.cap-rx.com.
Kimberly Dreisinger | 805-350-4421
SOURCE Capital Rx