FutureRx (FRx) announced today that its FRx cloud-based healthcare platform for health plans and pharmacy benefits managers (PBMs) will be implemented by Imperial Health Plan of California, Inc. to enhance medication adherence among its Medicare Advantage population. The health plan will leverage the platform’s Part D Stars module to automate business processes, enhance medication adherence, and improve Part D Star ratings.
“At Imperial Health Plan, our vision is to deliver clinically effective and sustainable value-based care that achieves exceptional outcomes, a significant aspect of which is ensuring medication adherence by our members,” said Dr. Paveljit Bindra, CEO, Imperial Health. “By automating and streamlining much of this high-touch, resource-intensive process, FRx Part D Stars will help our pharmacy team prioritize its outreach to focus on members who are most at-risk for adverse health events, supporting improved health outcomes and enhanced performance on CMS Star Adherence measures.”
The FRx Part D Stars modulesimplifies the complex process of tracking and improving CMS Part D Star ratings with actionable insights and data-driven recommendations that drive performance. It identifies those members who are not getting their prescribed medications, which can negatively impact the member’s health and a health plan’s Part D Stars rating, while reducing administrative burdens and enhancing member and provider satisfaction and retention. The FRx architecture allows for rapid implementation and corresponding market-leading speed-to-value.
“FRx platform is ideal for a rapidly growing health plan like Imperial Health Plan that prioritizes quality care and outcomes,” said Anil Kottoor, CEO, FutureRx. “We are excited for our FRx Part D Stars module to play a key role in helping Imperial achieve Imperial Health’s care quality and Star rating goals through the transformative power of cutting-edge technology, advanced analytics, and expert support.”
FutureRx (FRx) announced today the appointment of Eric Grossman as its chief commercial officer, tasked with all aspects of the commercial strategy related to its innovative FRx cloud-based healthcare platform and FRx Marketplace for health plans and pharmacy benefits managers (PBMs). Grossman will oversee FRx product and partner development, marketing, sales, and customer service strategies to build market share and maximize revenues.
Eric Grossman
“Eric brings to FutureRx a remarkable track record of developing highly effective commercial strategies for healthcare technology companies that deliver innovative SaaS solutions to the payer market,” said Anil Kottoor, CEO of FutureRx. “He will be an exceptional asset as FutureRx embarks on an aggressive growth strategy focused on providing health plans and PBMs with access to a highly unique suite of technology tools and services that lets them reclaim control over their pharmacy benefits programs.”
Grossman has more than 20 years of leadership experience with innovative health IT organizations in roles that span strategy, sales, product management, and corporate business development.
Before joining FRx, he was chief commercial officer of Softheon, where his commercial strategies and sales team and processes netted double-digit recurring revenue growth. He joined Softheon following its 2021 acquisition of NextHealth, the market-leading analytics platform he founded and ran to help health plans measure and optimize clinical interventions for more than 25 million U.S. beneficiaries.
FutureRx (FRx) announced today the launch of its first-of-a-kind healthcare platform for health plans and pharmacy benefits managers (PBMs) that combines modular technology solutions and, if needed, seamless access to pre-vetted fully integrated service providers on a single platform. FRx is a cloud-based, modular, user-configurable technology platform that was built from the ground up to meet complex and continuously evolving compliance requirements in today’s Medicare and Medicaid environment. As such, it is 100% compliant with government-sponsored regulations out of the box.
Once on the platform, health plan and PBM users can select from a full range of technology modules – including Rx Prior Authorization, Appeals/Grievances, Part D Stars, Drug Management Programs (DMP) and more – that are preconfigured out of the box with workflow and letters, and fully integrated with SureScripts and CoverMyMeds, as well as fax, phone, email, and mail capabilities that eliminate costly and time-consuming implementations.
If additional support service is needed by our customers, the FRx Marketplace provides access to a comprehensive network of pre-vetted partners that deliver a full range of specialized services. These services include, but are not limited to, customer service, formulary and rebate management, prior authorization, appeals and grievance management, mobile low-cost drug alternatives, and more. FRx Marketplace service partners are fully integrated with FRx technology modules for rapid go-to-market and hassle-free service changes.
