CareMetx Acquires PX Technology to Reshape Patient Access to Specialty Medications and Drive Efficiency Across Healthcare Ecosystem
18 Abril 2024 - 12:00PM
CareMetx, a leading technology-enabled hub services platform
facilitating patient access to specialty medications, today
announced it has acquired PX Technology, a pioneer in digitizing
healthcare processes. Through the acquisition, CareMetx aims to
reshape the landscape of specialty medication access and transform
patient care with the fusion of its comprehensive patient support
services with PX Technology’s innovative digital access
technologies and network, delivering synergies and transparency
across the value chain to patients, providers, and manufacturers.
Founded in 2019, PX Technology leverages proprietary technology
to connect patients, providers, and partners. PX Technology’s suite
of digital solutions, including PX Connect, PX ePA, and PX Consent,
support healthcare providers in tasks such as streamlining the
patient enrollment process, offering purpose-built technology that
integrates into existing native workflows and significantly reduces
administrative burden. Over the past five years, CareMetx and PX
Technology have closely partnered, piloting and improving methods
to speed patient access to specialty therapies. With the addition
of PX Technology’s innovative technology to CareMetx’s digital hub
platform, the new combined business will aim to further address the
complexities of obtaining specialty medications by enhancing the
entire patient care journey, from prescription initiation to
adherence in a seamless, efficient, and patient-centered
process.
Jim Rowe, President and CEO of CareMetx, stated, "Our union with
PX Technology follows years of close partnership and collaboration
and marks a significant leap forward in CareMetx’s mission to
dismantle the barriers that stand between patients and the
essential therapies they need. By bringing together our strengths
and shared values, we are uniquely positioned to drive greater
efficiency in provider workflows while also ensuring that patients
receive their treatments without unnecessary delay."
The acquisition also brings together CareMetx's expansive
support services with PX Technology's extensive network, offering
pharmaceutical companies unparalleled access and visibility into
the practices of 1,300+ healthcare providers. This synergy is
expected to enhance the connection between pharmaceutical
manufacturers and healthcare providers, significantly improving the
speed and transparency of the specialty medication delivery
process. Providers will benefit from an enriched portfolio of
accessible therapies, instant benefit verifications, and the
opportunity for more same-day treatment decisions.
Michael Sullivan, CEO of PX Technology, continued, "Joining
forces with CareMetx propels us towards a future where
technological innovation and comprehensive provider and patient
support converge to redefine healthcare delivery. Together, we are
set to expand our impact, ensuring that navigating the healthcare
system becomes easier and more provider- and patient-centric than
ever before."
About CareMetxCareMetx, LLC is a leading
technology-enabled hub services platform facilitating patient
access to specialty medications. Serving pharmaceutical,
biotechnology and device manufacturers, CareMetx leverages digital
eServices integrated in a cohesive platform to promote efficiency
in the healthcare ecosystem and remove barriers for patients and
providers. CareMetx is committed to delivering compassionate
advocacy to patients, decision-making data, and confidence-building
insight to manufacturer clients. Headquartered in Bethesda,
Maryland, CareMetx serves more than 80 brands. Learn more at
caremetx.com and follow us on LinkedIn at
https://www.linkedin.com/company/caremetx-llc.
About PX TechnologyPX Technology is a pioneer in
digitizing healthcare processes to enhance patient access to
therapies. With its flagship platform, PX Connect, the company
simplifies the patient enrollment process for healthcare providers,
offering a seamless solution that integrates into existing
workflows. PX Technology's mission is to streamline the bridge
between patients and their access to necessary treatments, focusing
on efficiency, innovation, and the improvement of patient care
through technology. For more information, visit their website at PX
Technology.
Julie Kaplan
CareMetx, LLC
Julie.Kaplan@caremetx.com