Walmart expanding prescription drug cost savings via Capital Rx

Walmart is set to bring more transparency of unit prices across specialty and mail-order prescriptions using Capital Rx's Clearinghouse Model.

Capital Rx’s Clearinghouse Model is a new technology-driven pricing framework that eliminates arbitrary drug costs by connecting plan sponsors and sellers pharmacies, providing real-time pricing for all drugs. Capital Rx and Walmart are the first to offer employers a unit price for all prescriptions across retail, mail and specialty, the company said.

“The extension of the Clearinghouse Model beyond retail to include specialty and mail order prescriptions furthers our commitment to eliminating artificial price inflation and variability for prescription drugs,” said AJ Loiacono, Capital Rx founder and CEO. “Capital Rx offers employers a guaranteed price for each prescription. We’re providing cost certainty on every transaction, not a constantly fluctuating price driven by PBM profitability. While this approach sounds simple, it is actually a transformational new model for an industry that has been plagued by price manipulation.” 

"Everyday low price’ has been a guiding principle at Walmart. We take pride in providing affordable prices to more than 160 million customers who shop Walmart each week. Working with Capital Rx will allow us to do the same for prescription drugs,” said Luke Kleyn, vice president of Walmart health and wellness. “Capital Rx is making great strides in redefining the way prescription drugs are priced and administered in the United States. We could not be more thrilled to work alongside such a forward-thinking team who shares our mission and will help Walmart’s everyday low prices reach the marketplace.” 

“Through our collaboration with Walmart, Capital Rx brings the purchasing experience of an efficient market to specialty and mail drugs,” said Loiacono. “Given that specialty medications are the highest cost and fastest-growing expense for employers, we have an incredible opportunity to deliver significant savings to both plan sponsors and patients nationwide. Most importantly, all employers receive the same price on prescriptions. There is no more price disparity between larger and smaller employers, enlightened and uninformed buyers, everyone receives the same, everyday low price.”