Serve You Rx Partners with Waltz Health to Transform Specialty Pharmacy Management

Independent pharmacy benefit manager Serve You Rx has announced a strategic partnership with Waltz Health to implement an innovative technology platform aimed at managing specialty drug costs. The collaboration marks a significant step in Serve You Rx's ongoing transformation towards greater transparency and cost-effectiveness in the pharmaceutical industry.

AI-Powered Platform to Optimize Specialty Pharmacy Services

The centerpiece of this partnership is the integration of Waltz Health's Connect platform into Serve You Rx's existing systems. Set to launch on May 1, the AI-driven platform will analyze critical factors such as clinical efficacy and patient eligibility to identify appropriate pharmacy interventions for individual patients. This technology will enable Serve You Rx to leverage a network of specialty pharmacies that compete on quality, price, and outcomes.

Justin Jasniewski, CEO of Serve You Rx, explained the rationale behind the partnership: "Ultimately, when we looked at it, no single pharmacy can deliver the best care at the best price to everybody. There's hundreds of specialty pharmacies out there, so why not leverage the best specialty pharmacies in their given disease states and how they service patients?"

Serve You Rx's Transformation and Industry Reform

This partnership is part of a broader transformation at Serve You Rx, which was originally founded by independent pharmacies. In recent years, the company has invested heavily in shifting from traditional PBM models like spread pricing to a more transparent, pass-through focused organization. This evolution comes in response to industry-wide calls for reform and increased scrutiny from regulators.

As part of this transformation, Serve You Rx has taken significant steps, including divesting its own pharmacy. Jasniewski emphasized the company's commitment to reform, stating, "We can get the best of all worlds by leveraging a platform like this, and it has the added bonus that we can remove conflicts of interest and offer a disruptive solution to offer increased quality without compromising on cost, which is really what we're after."

Future Collaboration and Industry Impact

Mark Thierer, CEO of Waltz Health, expressed enthusiasm about the partnership's potential for long-term collaboration. "There is a mountain of stuff that we can be doing together as we try to basically rewire the supply chain and bring savings to the member and to the plan sponsors who Justin's team services," Thierer said.

The partnership between Serve You Rx and Waltz Health represents a significant development in the ongoing evolution of pharmacy benefit management and specialty pharmacy services. By leveraging advanced technology and a network of specialized providers, this collaboration aims to improve patient outcomes while addressing the critical issue of rising specialty drug costs in the healthcare industry.