Aspen RxHealth

What Aspen RxHealth does

Aspen RxHealth is a Tampa-based healthcare technology company founded in 2018 that operates a cloud-based platform connecting health plans with a nationwide network of over 7,000 licensed clinical pharmacists to deliver telephonic clinical services. The company's core product is the BeWell platform, a web-based SaaS solution that enables CMS-compliant Medication Therapy Management (MTM), medication adherence programs, chronic disease management, medication reconciliation, and transitions-of-care consultations. A second product, Alliance by Aspen RxHealth, extends the platform as a SaaS offering that empowers health plans' in-house pharmacy teams to run their own MTM programs while using Aspen's pharmacist community for surge capacity.

The platform is differentiated by the Aspen Clinical Engine (ACE), a proprietary matching algorithm that pairs pharmacists with patients based on social and clinical factors including language, geography, clinical condition, and medication regimen. Pharmacists are recruited into a gig-economy model, work 100% remotely, and cover 27+ languages and 50+ clinical specialties nationwide. The company reports a 4.8 out of 5 average patient satisfaction rating, a 90% member-pharmacist continuity rate, 99%+ CMS compliance, and 30% greater efficiency versus traditional vendors.

Aspen RxHealth generates revenue through two primary streams: enterprise managed-services contracts with Medicare Advantage and commercial health plans for clinical pharmacy service delivery, and recurring SaaS subscriptions via Alliance for platform licensing. The company has raised approximately $35 million across three funding rounds (2018 seed, 2018 Series A led by Flare Capital, 2021 Series B led by Bessemer Venture Partners with strategic participation from Humana, McKesson Ventures, Novartis, and Takeda Ventures). Strategic positioning targets the $500B+ annual cost of medication nonadherence in the U.S. healthcare system and the financial impact of CMS Star Ratings on health plan revenue.

Name

Aspen RxHealth

Legal name

Aspen RxHealth

Website

https://aspenrxhealth.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Aspen RxHealth is a cloud-based clinical pharmacy platform founded in 2018 that connects Medicare Advantage and commercial health plans with a nationwide network of 7,000+ licensed pharmacists to deliver CMS-compliant telephonic medication management, adherence, and chronic disease programs via its BeWell SaaS platform and Alliance platform-licensing product.

Ownership category

akta.pro rank

Product category

Clinical Pharmacy Services / Healthcare SaaS

NAICS

Ambulatory Health Care Services (621), Home Health Care Services (621610), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Health Services (8000), Services-Prepackaged Software (7372), Services-Home Health Care Services (8082)

akta.pro primary industry

Infectious Disease & STI Testing-to-Treatment with eRx + Pharmacy Fulfillment (HLALAIAL)

akta.pro secondary industries

Long-Term Care (LTC) & Skilled Nursing Facility Pharmacies (HLAFALAF), Medicare Provider Networks & Delegated Medical Groups (MA-focused) (FSAIAGAK), Post-Acute Care Networks & Care Management Organizations (HLAFAFAN)

Keywords

• Clinical pharmacy services
• Medication therapy management
• Pharmacy SaaS platform
• Health plan solutions
• Medication adherence programs

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Clinical Pharmacy Services (Health Plan Contracts): Aspen RxHealth generates revenue by providing contracted clinical pharmacy services to health plans, including MTM, medication adherence, chronic disease management, medication reconciliation, and specialty medication management programs. Services are delivered by a nationwide network of licensed pharmacists via the BeWell SaaS platform. Health plans pay for scalable pharmacist capacity and program performance against quality measures (CMS Star Ratings, HEDIS).
2. Alliance by Aspen RxHealth (Platform SaaS): Alliance is an industry-first model that provides health plans with a SaaS platform (BeWell) to empower their own in-house pharmacy teams. Health plans subscribe to the platform to manage MTM and medication reconciliation programs internally, while the Aspen RxHealth pharmacist community acts as a backstop for surge capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Aspen RxHealth operates a cloud-based BeWell SaaS platform that connects health plans with a nationwide network of more than 7,000 licensed clinical pharmacists to deliver CMS-compliant clinical pharmacy services, including medication therapy management, medication adherence, chronic disease management, medication reconciliation, and transitions of care. Health plans can either contract Aspen RxHealth to deliver these services using its pharmacist community or license the Alliance platform to run programs with their own in-house teams while using the Aspen community for surge capacity.

Product overview

Aspen RxHealth offers a pharmacy SaaS platform centered around its BeWell web-based technology platform, complemented by Alliance by Aspen RxHealth for in-house team enablement. The platform supports multiple clinical programs including Medication Therapy Management (MTM), Medication Adherence, Chronic Condition Management, Medication Reconciliation, Closing Gaps in Statin Therapy, Member Education, and Transitions of Care. Health plans can access the company's nationwide network of licensed pharmacists or empower their own in-house care teams through the Alliance platform. The core BeWell platform delivers CMS-compliant clinical services while the pharmacist community provides the human capital for service delivery.

Differentiator

Problem solved

Functional benefit

Brands

• BeWell: A flexible, web-based platform for delivering CMS-compliant clinical services including Medication Therapy Management, medication adherence programs, and chronic disease management.
• Alliance by Aspen RxHealth

Products and services

• BeWell Platform A flexible, web-based SaaS platform that enables health plans and pharmacists to deliver CMS-compliant clinical services including Medication Therapy Management, medication adherence programs, chronic disease management, and medication reconciliation telephonically. Includes real-time program performance insights, guided consultations, automated reports, and prescriber outreach via fax and electronic messaging.
• Alliance by Aspen RxHealth A SaaS platform that empowers health plans' in-house pharmacy teams to deliver MTM and medication reconciliation programs themselves, with the Aspen RxHealth pharmacist community acting as a backstop for surge capacity. Described as the industry's first and only model enabling health plan in-house pharmacy teams with platform tooling and on-demand community support.
• Medication Therapy Management (MTM) Comprehensive and targeted medication review services delivered by licensed pharmacists via the BeWell platform to improve adherence, identify drug interactions, and enhance member understanding of their medication regimens. Targeted at health plan members within CMS eligibility windows.
• Medication Adherence Program A pharmacist-led clinical service that drives better medication adherence through personalized patient engagement, proactive interventions, and real-time insights, targeting conditions such as diabetes, hypertension, and high cholesterol.
• Chronic Condition Management Pharmacist-led condition management service that engages complex patients with chronic conditions, driving medication adherence, education, and goal setting to mitigate disease state progression.
• Medication Reconciliation Pharmacist-led medication reconciliation service that ensures patients receive clear guidance and personalized support during care setting transitions, reducing readmissions and improving patient outcomes, with real-time tracking of hospital admissions and discharges to schedule consultations within the CMS-mandated 30-day post-discharge window.
• Closing Gaps in Statin Therapy Clinical program focused on improving statin use in persons with diabetes (SUPD) and ensuring patients understand the importance of statin medications for cardiovascular event prevention, supporting HEDIS and Star Rating measures for health plans.
• Member Education Pharmacist-led education program designed to help health plan members understand their prescriptions, improve health literacy, and promote medication adherence through personalized telephonic consultations.

Quantifiable outcome

• 30% greater efficiency vs. traditional vendors
• +6 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OutcomesMTM: OutcomesMTM is a leading direct competitor providing MTM and medication management services to health plans via a nationwide pharmacist network — closely aligned with Aspen RxHealth's core managed services model and target customers.
• RxAnte: RxAnte provides medication adherence analytics and predictive intervention platforms to health plans and PBMs, directly competing with Aspen RxHealth in the adherence and MTM program enablement space.
• AdhereHealth: AdhereHealth delivers pharmacist-led medication adherence and chronic disease management programs to health plans, making it a directly comparable peer in clinical pharmacy services for value-based care.
• PharmMD: PharmMD provides medication management and MTM services focused on closing care gaps for health plans and ACOs, with overlapping use cases in medication reconciliation and adherence programs similar to Aspen RxHealth's offerings.

Broad incumbents

• Tabula Rasa HealthCare: Tabula Rasa offers a broader medication risk management and pharmacy services platform serving health plans and provider groups, competing with Aspen in MTM and adherence but with a wider service portfolio including PACE programs.
• CVS Caremark (CVS Health): CVS Caremark, the PBM arm of CVS Health, provides MTM and adherence programs as part of its broader PBM offering — a well-capitalized incumbent competing with Aspen RxHealth for health plan MTM contracts at scale.
• Optum Rx (UnitedHealth Group): Optum Rx is one of the largest PBMs in the U.S. and offers comprehensive MTM and adherence services embedded in its pharmacy benefit contracts — a major incumbent competitor for Aspen's health plan customers.
• Express Scripts (Evernorth / Cigna): Express Scripts, part of Evernorth, provides MTM and adherence programs as part of its PBM and specialty pharmacy offerings — a large incumbent peer with established health plan relationships competing with Aspen RxHealth.
• MedImpact Healthcare Systems: MedImpact is an independent PBM offering MTM, adherence, and clinical pharmacy programs to health plans, providing overlapping capabilities with Aspen RxHealth and competing for similar enterprise contracts.

Emerging players

• Cureatr: Cureatr delivers clinical pharmacist-led medication management services focused on reducing readmissions and post-discharge complications — a niche emerging player with overlapping pharmacist-led delivery model targeting health plans and provider groups.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@AspenRxHealth
• Facebookfacebook.com/aspenrxhealth
• LinkedInlinkedin.com/company/aspenrxhealth

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aspen RxHealth