With a Two-Year Revenue Growth of 505%, Capital Rx Ranks No. 32 on Inc. Magazine's List of the Northeast Region's Fastest-Growing Private Companies

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Feb 27, 2024, 07:09 ET

Demand for JUDI® and Capital Rx's pharmacy benefit administration solution continue to drive above-average growth

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Inc. Magazine today revealed that Capital Rx, the full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) advancing our nation's healthcare infrastructure to improve drug price visibility and patient outcomes, ranks No. 32 on its fourth annual Inc. 5000 Regionals: Northeast list. Born of the annual Inc. 5000 franchise, this regional list provides a unique look at the most successful companies within the Northeast economy's most dynamic segment – its independent businesses.

"Innovation is at the core of everything Capital Rx does. With our cloud-native enterprise health platform, JUDI®, we are delivering a technology solution that provides an unparalleled level of efficiency, transparency, and accuracy to our clients and their members," said AJ Loiacono, Co-Founder and CEO of Capital Rx. "It's an honor to make the Inc. 5000 Regionals: Northeast list for the third straight year as we continue to enhance the workflows and processes necessary to deliver the level of care Americans deserve."

The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2020 and 2022, these 198 private companies had an average growth rate of 155.84 percent; by 2023, they'd also added 14,560 jobs and $15.7 billion to the region's economy.

"The honorees in our Inc. 5000 network are the Who's Who of private companies. They're energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they'll be impacting things for a while," said Eric Hagerman, Special Projects Editor at Inc. Media.

Complete results of the Inc. 5000 Regionals: Northeast, including company profiles, can be found at inc.com/Northeast.

More about Inc. and the Inc. 5000 Regionals

Methodology
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 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 a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), advancing our nation's electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, Capital Rx is executing its mission through the deployment of JUDI®, the company's cloud-native enterprise health platform, and a Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit capitalrx.com.

Media Contacts
Michael Passanante, Senior Vice President, Marketing & Communications
Justin Venneri, Director of Communications
[email protected]

SOURCE Capital Rx