NEW YORK (PRWEB) October 15, 2019
Capital Rx (http://www.cap-rx.com), the next-generation pharmacy benefits manager, announced today the appointment of Kevin Hill to its Board of Directors.
With over 30 years of experience in health insurance and healthcare technologies, Kevin currently serves as Chairman of the Board for Health Plan One and sits on the board of One Digital and Virtual Health. Kevin is also an Operating Partner for Peloton Equity and recently was an advisor to healthcare IT companies Alegeus, Liazon and Picwell among others. Previously, Kevin was the CEO of UnitedHealth Group’s northeast division and EVP at Oxford Health Plans in charge of sales, marketing, products and pricing.
“We are thrilled to add Kevin to our board as we continue our mission to redefine the pharmacy benefits industry. Having an experienced executive like Kevin join our company is another validation of Capital Rx’s business model,” said AJ Loiacono, CEO of Capital Rx. “As we scale the next level of growth, we expect to tap into Kevin’s expertise working with traditional healthcare companies and innovative technology companies.”
Following Capital Rx’s most recent funding led by Edison Partners in July, the appointment of Kevin Hill comes on the heels of the launch of Capital Rx’s Clearinghouse Model, which aims to eliminate arbitrary price variability for patients and employers by bringing full visibility into drug unit prices.
“Capital Rx brings tremendous value to the industry as it drives an enduring social change around the administration and transparency of drug prices. I am honored to join the Board of Directors and look forward to contributing to its growth,” states Kevin Hill, Board Member of Capital Rx.
About Capital Rx
Capital Rx is a next-generation pharmacy benefits manager, overseeing prescription benefit plans on behalf of employers, unions, and government entities. Determined to transform an outdated model, Capital Rx’s mission is to change the way prescription benefits are priced and administered in the US, unlocking enduring social change. Through its platform approach, Capital Rx delivers data-driven insights and actionable strategies that reduce costs, while improving patient outcomes. The company's commitment to innovation, technology and service is the reason why it is among the fastest-growing PBMs in the country. For more information, please visit http://www.cap-rx.com.