#USA #New York #Capital Rx #Judi Health #MedTech Breakthrough

Judi Health™ Wins Best Healthcare InsurTech Solution Award

In an impressive display of innovation within the realm of digital healthcare, Judi Health™ has clinched the title of the Best Healthcare InsurTech Solution at the esteemed 9th Annual MedTech Breakthrough Awards. Organized by MedTech Breakthrough, a respected market intelligence institution, the awards aim to spotlight exceptional technologies and firms transforming the global healthcare landscape.

Founded by the health technology pioneers at Capital Rx, Inc., Judi Health™ stands out as the first Unified Claims Processing™ platform that aims to create a seamless experience for health plan sponsors and their members. This pioneering solution combines both pharmacy and medical benefits into one cohesive system, addressing a long-standing challenge in the healthcare industry.

The Unique Solution Offered by Judi Health™

At its core, Judi Health™ is designed to streamline the management of health benefits. This innovative platform not only benefits health plans but extends its services to third-party administrators, government agencies, and employer plan sponsors, including major health systems. By consolidating pharmacy and medical claims processing, Judi Health™ enhances communication and efficiency in patient care, significantly reducing costs associated with health benefit administration.

AJ Loiacono, Co-Founder and CEO of Capital Rx, expressed gratitude for the recognition. He stated, “This award from MedTech Breakthrough highlights the innovative nature of Judi Health and showcases how our technology adds value to the healthcare sector.” He further emphasized the monumental amount of administrative waste in the U.S. healthcare system, offering a staggering estimate of $1 trillion influenced by outdated processes rife with inefficiencies and redundancies. “Judi Health provides the necessary framework for a cost-effective, member-centric, and value-driven healthcare system,” he added.

A Platform Built for Unified Claims Processing

Powered by Capital Rx’s proprietary technology, Judi®, the Unified Claims Processing™ platform exemplifies the future of health benefits administration. According to Ryan Kelly, Co-Founder and CTO of Capital Rx, the development of this platform required the integration of various workflows to manage pharmacy benefits more proficiently than existing technology options. Recognizing that the same system could also support medical claims, they embarked on a mission to create a unified platform.

Judi’s adaptable architecture fosters interconnectivity among various stakeholders involved in patient care, enabling a comprehensive view of health data which is critical for optimal service delivery. Dr. Sunil Budhrani, Chief Innovation and Medical Officer at Capital Rx, highlighted that this transformative technology bridges the gaps within the fragmented U.S. healthcare system. By merging medical and pharmacy data into one platform, the company aims to foster better connections among patients, providers, plan sponsors, and payers, paving the way for enhanced transparency, flexibility, and efficiency.

Celebrating Innovations in Health Technology

The MedTech Breakthrough Awards embody a celebration of excellence across the medical technology sector, recognising not only groundbreaking innovations but also the companies that are propelling meaningful advancements and improvements in patient care. This year saw an unprecedented number of nominations across 18 countries, showcasing the strong momentum within the digital healthcare space.

As noted by Steve Johansson, managing director of MedTech Breakthrough, “The unique health solution offered by Judi Health enables smooth, transparent, and efficacious claims processing.” He remarked on the difficulties health plans and providers face when managing holistic member care and cost controls due to disjointed claims processes. This award signifies a pivotal recognition of the work being done to tackle these inefficiencies.

For further information on Judi Health and the impact of Unified Claims Processing on healthcare delivery, please visit www.judi.health.

About Capital Rx

Capital Rx is not just another health technology firm. It aims to revolutionize how claims administration and healthcare solutions are approached. By focusing on transparency and cost reduction, they serve diverse clients ranging from carriers and health plans to government entities, positively transforming the healthcare ecosystem.

To learn more about their mission and initiatives, visit www.capitalrx.com.