Advanced Rx Management
Advanced Rx Management is a private pharmacy services company that provides physician practices with point-of-care dispensing, mail-order pharmacy, wholesale repackaging, and revenue cycle management focused on Workers' Compensation and Personal Injury claims.
- Company typePrivate
- Founded2009
- HeadquartersSunrise, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Advanced Rx Management does
Advanced Rx Management is a privately held, physician-driven pharmacy services company headquartered in Sunrise, Florida, with additional mail-order pharmacy and wholesale repackaging operations in Nashville, Tennessee. The company serves 3,000+ physician partner practices and their patients by integrating point-of-care medication dispensing, mail-order pharmacy, wholesale repackaged medications, compounding, medication therapy management, and end-to-end revenue cycle management focused on the Workers' Compensation and Personal Injury markets. Its proprietary platforms — ezDispense for in-office dispensing and ezRxClaims for claims processing and reporting — are designed to interoperate with any dispensing system and EHR/EMR environment, with documented resilience during third-party infrastructure outages.
The company generates revenue across four primary streams: transaction-based pharmacy dispensing (in-office and mail order), managed services revenue cycle management for Workers' Comp and PI pharmacy claims, wholesale sale of repackaged unit-dose medications, and customized compound pharmacy services. Distribution is hybrid: direct enterprise field sales targeting physician practices (with regional Sales VPs covering the Midwest and Southeast), dedicated mail-order delivery to most U.S. states, and wholesale distribution to clinics and resellers. Go-to-market is reinforced by an exclusive nationwide partnership with Sure Med Compliance (Perspectives in Care) for controlled-substance risk documentation, and the company holds NABP Healthcare Merchant Accreditation and USP 795/800 compounding compliance. Advanced Rx operates as a private LLC, has 200+ employees (pharmacists, technicians, medical billers, account managers), and shows no disclosed outside institutional ownership or funding rounds; its 2024 formation under the AdvancedRx brand resulted from consolidating Advanced Rx with Automated Healthcare Solutions (AHCS).
Advanced Rx Management firmographics
Firmographics- Name
- Advanced Rx Management
- Legal name
- Advanced Rx Management, LLC
- Website
- https://advanced-rx.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Advanced Rx Management is a private pharmacy services company that provides physician practices with point-of-care dispensing, mail-order pharmacy, wholesale repackaging, and revenue cycle management focused on Workers' Compensation and Personal Injury claims.
- Ownership category
- akta.pro rank
Advanced Rx Management industry classification
Industry- Product category
- Specialty Pharmacy Services
- NAICS
- Offices of Physicians (6211), Custom Computer Programming Services (541511)
- SIC
- Retail-Drug Stores And Proprietary Stores (5912), Services-Computer Programming, Data Processing, Etc. (7370), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)
- akta.pro primary industry
- PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools) (HLAEAKAL)
- akta.pro secondary industries
- Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), Prescription Pharmaceutical (Rx) Wholesale Distribution (CRAOAHAA)
Keywords
Where Advanced Rx Management is headquartered
LocationHeadquarters
- HQ city
- Sunrise
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Advanced Rx Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Pharmacy Dispensing Services: Revenue generated from dispensing medications to patients through in-office physician dispensing and mail-order pharmacy services. Physicians dispense medications at point-of-care and bill through the company's RCM platform.
- Revenue Cycle Management (RCM) Services: Administrative services managing the complete billing and reimbursement lifecycle for Workers' Compensation and Personal Injury pharmacy claims. Handles claims submission, follow-up, and resolution.
- Wholesale Repackaged Medications: Sale of repackaged medications in unit-dose forms to physician clinics. Provides medications at competitive prices through wholesale distribution.
- Compound Pharmacy Services: Customized compounded medications for patients with specific needs (hormone therapy, dermatology, ENT, pain management).
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Advanced Rx Management product offering
Product offeringCore offering
Advanced Rx Management provides physician-driven mail-order pharmacy and point-of-care medication dispensing services integrated with revenue cycle management for workers' compensation and personal injury cases. The company serves 3,000+ physician practices with proprietary platforms (ezRxClaims, ezDispense), wholesale repackaged medications, compound pharmacy services, and patient-facing mail-order delivery across most U.S. states.
Product overview
Advanced Rx Management is a physician-driven pharmacy services provider offering an integrated platform of pharmacy solutions for healthcare providers. The core offerings include: ezRxClaims (RCM platform for claims processing and revenue cycle management), ezDispense (point-of-care dispensing platform), Mail-Order Pharmacy (with 2-3 day free delivery), In-Office Physician Dispensing Services, Wholesale Repackaged Medications, Medication Therapy Management, Compound Pharmacy Services (USP 795/800 compliant), Medication Ordering & On-Site Inventory Management, and specialty services for Workers' Compensation and Personal Injury patients. The portfolio also includes the Rx Local patient mobile app and the Bridge to Care Starter Pack program. Through a partnership with Sure Med Compliance, they offer Perspectives in Care (PiC) for controlled substance compliance. Together, these services form a comprehensive pharmacy solution that streamlines medication distribution, billing, and patient care for physician practices.
Differentiator
Problem solved
Functional benefit
Brands
- ezRxClaims: Revenue Cycle Management platform for Work Comp pharmacy services, including claims processing, payment posting, and reporting.
- ezDispense
- Rx Local
Products and services
- ezRxClaims Comprehensive Revenue Cycle Management (RCM) platform for workers' compensation pharmacy services, providing claims processing, payment posting, reporting, and carrier contracting regardless of dispensing system used.
- ezDispense Point-of-care medication dispensing platform providing safe and efficient in-office medication delivery, e-prescribing, PDMP reporting, and practice management software integration for physician clinics.
- Mail-Order Pharmacy Physician-driven mail-order pharmacy service offering 2-3 day free delivery, next day delivery options, automatic refills, and comprehensive billing management with zero patient out-of-pocket costs.
- In-Office/Point of Care Physician Dispensing Services Turnkey physician dispensing solutions including optimized medication formularies, dispensing labels, bags, and tracking software for seamless in-office medication dispensing.
- Wholesale Repackaged Medications Pharmaceutical wholesaler services providing repackaged medications at competitive prices, unit-dose forms, and enhanced compliance for physician clinics with track-and-trace pedigree portal.
- Workers Compensation Pharmacy Services Specialized pharmacy services for workers' compensation patients including prior authorization assistance, insurance advocacy, timely medication delivery, and claims processing.
- Personal Injury Pharmacy Services Pharmacy services helping patients, legal counsel, and medical providers navigate medication refills and prescription management after personal injury, working with attorneys and insurance companies.
- Medication Therapy Management (MTM) Comprehensive medication therapy optimization services including medication reviews, therapy plans, adherence monitoring, patient education, and prior authorization assistance.
- Compound Pharmacy Services Customized medication compounding for hormone replacement therapy, ENT treatments, dermatology, hair/scalp conditions, and erectile dysfunction, compliant with USP 795 and USP 800 guidelines.
- Medication Ordering & On-Site Inventory Management Online dispensing portal for medication ordering, automated inventory tracking with reorder alerts, and on-site inventory management to streamline clinic workflows.
- Bridge to Care Starter Pack Signature program ensuring patients receive initial medication before leaving the clinic and bridging the gap while waiting for mail-order delivery to eliminate treatment gaps.
- Rx Local Mobile App Patient-facing mobile app for prescription refills, messaging with pharmacy, medication list viewing, and account activation for prescription management.
Quantifiable outcome
- 90%+ Collection Rate Target on Workers' Compensation Claims
- +3 more outcomes
Companies that use Advanced Rx Management
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles1 record
Advanced Rx Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Advanced Rx Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Sure Med CompliancecoreExclusive nationwide alliance announced September 5, 2024. Advanced Rx gains exclusive access to Perspectives in Care (PiC) platform for opioid risk assessment. The partnership aims to combat the opioid crisis by ensuring proper risk-benefit analysis documentation each time controlled substances are dispensed. Advanced Rx and Sure Med Compliance collaborate on commercial support initiatives to expand reach within healthcare provider networks.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Advanced Rx Management competitors and assessment
Company assessmentDirect peers
- Helios (formerly PMSI / Progressive Medical): One of the largest pure-play Workers' Compensation pharmacy and ancillary services providers, offering PBM-style RCM and dispensing specifically for work comp payers — directly comparable to Advanced Rx's core Workers' Comp pharmacy and ezRxClaims RCM proposition.
- CorVel Corporation: Managed care organization serving Workers' Compensation, auto, and group health with pharmacy, bill review, and provider networks — overlaps with Advanced Rx on Workers' Comp pharmacy dispensing and RCM services.
- Healthesystems: Pharmacy and clinical management solution focused exclusively on Workers' Compensation, offering pharmacy benefit management and RCM for work comp claims — directly comparable specialty focus and target customer base.
- Proficient Rx: Repackaging and in-office dispensing partner for physician clinics and Workers' Comp programs — directly competes with Advanced Rx's wholesale repackaging and point-of-care dispensing services.
- APEX Health Solutions: Workers' Compensation-focused technology and services company offering pharmacy networks, ancillary services, and provider enablement — competes with Advanced Rx on the same work comp clinic channel.
Broad incumbents
- Optum Workers' Comp (formerly Healthcare Solutions): Optum's Workers' Compensation and auto casualty pharmacy/medical services unit, part of UnitedHealth Group — competes broadly in the same Workers' Comp pharmacy and RCM space with much greater scale and payer integration.
- CVS Caremark / CVS Health Workers' Comp Solutions: Largest U.S. PBM and pharmacy retailer with Workers' Comp and auto casualty pharmacy offerings — a broad incumbent that can bundle dispensing and RCM at scale, posing a competitive ceiling for independent specialists.
- Express Scripts (Cigna Group): Major PBM with Workers' Compensation and personal injury pharmacy lines, leveraging Cigna's payer-side relationships — represents the integrated payer-PBM threat to Advanced Rx's independent dispensing model.
Emerging players
- SmithRx: Technology-forward PBM with transparent pricing and modern RCM tooling for self-funded employers and clinics — comparable on the pharmacy RCM and technology platform axis even if not work comp focused.
- Capital Rx: Cloud-native PBM and pharmacy technology platform (Judi) that modernizes pharmacy claims processing — adjacent competitive threat to ezRxClaims' RCM platform proposition from a tech-led entrant.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Advanced Rx Management social profiles
Digital presenceAdvanced Rx Management compliance and trust
Trust signalCompliance3 records
Advanced Rx Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advanced Rx Management leadership team
Management profileNumber of profiles
Profiles17 records
Advanced Rx Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advanced Rx Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advanced Rx Management
What does Advanced Rx Management do?
Advanced Rx Management provides physician-driven mail-order pharmacy and point-of-care medication dispensing services integrated with revenue cycle management for workers' compensation and personal injury cases. The company serves 3,000+ physician practices with proprietary platforms (ezRxClaims, ezDispense), wholesale repackaged medications, compound pharmacy services, and patient-facing mail-order delivery across most U.S. states.
Is Advanced Rx Management a public or private company?
Advanced Rx Management is a private company. It is classified as unknown and is currently operating.
When was Advanced Rx Management founded?
Advanced Rx Management was founded in 2009. It employs 101 to 250 people.
Where is Advanced Rx Management based?
Advanced Rx Management is headquartered in Sunrise, United States, in the North America region.
How does Advanced Rx Management make money?
Four revenue lines are on record. Pharmacy Dispensing Services are the primary driver. The others are revenue Cycle Management (RCM) Services, wholesale Repackaged Medications and compound Pharmacy Services.
Who are Advanced Rx Management's main competitors?
Direct peers on record are Helios (formerly PMSI / Progressive Medical), CorVel Corporation, Healthesystems, Proficient Rx and APEX Health Solutions. Broad incumbents are Optum Workers' Comp (formerly Healthcare Solutions), CVS Caremark / CVS Health Workers' Comp Solutions and Express Scripts (Cigna Group). Emerging players are SmithRx and Capital Rx.
Does Advanced Rx Management have an API?
No public API is recorded for Advanced Rx Management.
What industry is Advanced Rx Management in?
Advanced Rx Management's product category is Specialty Pharmacy Services. Its primary akta.pro industry code is HLAEAKAL, PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools), with a secondary code of HLACAKAG, Specialty Pharmacy & Complex Therapy Management Platforms. Its NAICS code is 6211 and its SIC code is 5912.