RightwayRx Offers Employers An Alternative to the Big 3 PBMs

Rightway simplifies the healthcare experience for employers and members. Since its founding in 2017, Rightway has used a combination of dedicated, clinical guidance and member-centric technology to help members get the highest quality care at the best price.

In 2020, Rightway launched RightwayRx, a PBM solution that eliminates legacy tactics and misaligned incentives, transforming the model into one that is fair and transparent. By combining this model with best-in-class member engagement and expert guidance, Rightway is delivering the only solution that puts the member at the center to sustainably reduce pharmacy spend.

In a recent interview, Rightway’s CEO Jordan Feldman and Chief Pharmacy Officer Scott Musial talk about their 1,500 employer client base and how the business is now even winning over health plans who are tired of working with the ‘Big Three PBMs.’

Rightway’s difference is the PBM’s payment structure for the employer which is innovative in offering the PBM benefit on a per-member-per-month basis instead.

Also RightwayRx gains cost savings for the employer by pairing the PBM with navigation which takes into consideration how employees are utilizing the formulary.

Rightway, a leading healthcare technology and services company revolutionizing care navigation and pharmacy benefits, recently raised $100 million in Series C financing at a valuation of $1.1 billion. The round was led by Khosla Ventures, with participation from Thrive Capital, Tiger Global Management, and other existing investors. In 2021, the company expected to hit over $50 million in annual recurring revenue, which would be a four-fold increase over 2020. 

Rightway is paving a new pharmaceutical path using an approach comprised of four pillars.

• The Consumer App – The user-friendly app encourages engagement through support, education, and adherence tools.
• Radical Transparency – Rightway eliminates rebate retention and spread pricing, leading to lower unit costs on medication.
• Pharmacy Guidance – Clinical experts proactively guide members towards the most effective medication at the lowest price.
• Unlocked Supply Chain – Removing traditional supply chain gatekeepers directs recovered profits to patients and plan sponsors, making drugs more affordable.

Takeaway: Rightway customers are saving an average 18% in their first year with the “new-to-the-world PBM” the company has built