Therigy
Therigy provides TherigySTM, a cloud-based specialty pharmacy management platform used by 160+ U.S. health systems, specialty pharmacies, PBMs, oncology clinics, infusion centers, and grocery chains. It operates as a software brand within CPS Solutions, LLC, supporting accreditation, therapy management, and patient financial assistance workflows.
- Company typePrivate
- Founded2016
- HeadquartersMaitland, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Therigy does
Therigy is a specialty pharmacy software company that develops and operates TherigySTM, a cloud-based specialty pharmacy management platform used by 160+ healthcare organizations across the United States. The platform serves health systems and integrated delivery networks (IDNs), independent and health-system-owned specialty pharmacies, pharmacy benefit managers (PBMs), oncology clinics, infusion centers, and grocery-store-based specialty pharmacy operations. Therigy operates as a software brand and division within CPS Solutions, LLC, a broader pharmacy services provider.
TherigySTM is delivered as a SaaS platform with integrated modules for interoperability with EHR, pharmacy management, and dispensing systems; referral management and benefits investigation (including prior authorization, claim adjudication, appeals, and re-authorizations); therapy management with 40+ disease-specific clinical care plans mapped to URAC and ACHC accreditation standards; HIPAA-compliant secure mobile patient messaging; and outcomes / business-intelligence dashboards. The platform has managed care for over 120,000 patients and has been used by customers to secure approximately $1B in patient financial assistance funds and $3.5M in one-year efficiency savings (per Banner Health case study). TherigySTM is HITRUST CSF certified and is deployed across approximately 60% of URAC-accredited health system-owned specialty pharmacies, with 90% of customers achieving and maintaining URAC or ACHC accreditation on the platform.
Therigy generates revenue through enterprise SaaS subscriptions sold via direct enterprise sales engagement with CPS specialty pharmacy experts; pricing is quote-based and not publicly disclosed. The company was founded in 2016 (per company history) — noting a discrepancy with firmographic data indicating 2006 — with co-founder Russel Allinson recognized as a Next-Generation Pharmacy Technology Innovator that year. Leadership also includes co-founder & CEO Joseph Morse, CFO Mark Lowrey, and President & COO Jon Hamrick. The company is privately held as part of CPS Solutions and has not disclosed external funding rounds.
Therigy firmographics
Firmographics- Name
- Therigy
- Legal name
- Therigy (brand of CPS Solutions, LLC)
- Website
- https://therigy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Therigy provides TherigySTM, a cloud-based specialty pharmacy management platform used by 160+ U.S. health systems, specialty pharmacies, PBMs, oncology clinics, infusion centers, and grocery chains. It operates as a software brand within CPS Solutions, LLC, supporting accreditation, therapy management, and patient financial assistance workflows.
- Ownership category
- akta.pro rank
Therigy industry classification
Industry- Product category
- Specialty Pharmacy Management Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG)
- akta.pro secondary industries
- Pharmacy Information Systems (PIS) & Dispensing Workflow (HLACAKAC), Medication Pricing, Copay Assistance & Patient Financial Support Tools (HLACAKAN)
Keywords
Where Therigy is headquartered
LocationHeadquarters
- HQ city
- Maitland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Therigy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- TherigySTM Software Subscription: Cloud-based specialty pharmacy management software delivered as SaaS subscription, likely with per-site or enterprise licensing structure. Includes onboarding support and ongoing technical assistance.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Therigy product offering
Product offeringCore offering
TherigySTM is a cloud-based specialty pharmacy management software platform that standardizes clinical workflows, manages patient therapy through disease-specific care plans, handles referrals/prior authorizations/financial assistance, and supports accreditation compliance (URAC, ACHC). It is sold to specialty pharmacies, health systems, PBMs, oncology clinics, infusion centers, and grocery store pharmacy chains across the United States, deployed across approximately 60% of URAC-accredited health system-owned specialty pharmacies.
Product overview
Therigy offers a single unified product, TherigySTM, which is a specialty pharmacy management software platform. The platform operates as a comprehensive suite incorporating multiple integrated modules: interoperability for EHR and pharmacy system integration, workflow management for referral handling and financial assistance, therapy management with standardized clinical care plans, secure mobile patient messaging, and outcomes dashboards with business intelligence reporting. TherigySTM is designed to help specialty pharmacies standardize clinical workflows, achieve accreditation standards (URAC, ACHC), reduce operational costs, and scale therapy management programs.
Differentiator
Problem solved
Functional benefit
Brands
- TherigySTM: Specialty pharmacy management software platform providing clinical workflow management, patient therapy management, referral management, interoperability, secure mobile messaging, and outcomes dashboards for specialty pharmacies.
Products and services
- TherigySTM Cloud-based specialty pharmacy management software for PBMs, specialty pharmacies, health systems, oncology clinics, infusion centers, and grocery store pharmacy chains. Provides interoperability with EHR and pharmacy systems, referral and prior authorization workflow, financial assistance search, therapy management with disease-specific care plans, HIPAA-compliant secure mobile patient messaging, and outcomes dashboards.
Quantifiable outcome
- $3.5 million one-year efficiency savings achieved by Banner Health
- +5 more outcomes
Companies that use Therigy
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Therigy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Therigy partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CPS Solutions (Comprehensive Pharmacy Services)coreTherigySTM is a product under CPS Solutions, LLC. The platform is offered as part of CPS's broader specialty pharmacy solutions portfolio, which includes assessment, playbook development, pharmacy build-out, staffing, training, accreditation support, and marketing materials. CPS positions TherigySTM as the operational technology stack within its specialty pharmacy service offerings.
Scale indicators10 records
Recent moves4 records
Expansion highlights4 records
Therigy competitors and assessment
Company assessmentBroad incumbents
- McKesson Specialty Health: McKesson Specialty Health is a major distributor and services provider for specialty pharmacies. It competes broadly with TherigySTM by offering technology, distribution, and clinical services for specialty pharmacy operations at health systems and specialty pharmacy providers.
- Cardinal Health Specialty Solutions: Cardinal Health provides specialty pharmaceutical distribution and related technology/services to health-system specialty pharmacies. It overlaps with TherigySTM in serving hospital-owned specialty pharmacy operations with operational and clinical workflow support.
- Cencora (formerly AmerisourceBergen) Specialty Solutions: Cencora's specialty distribution and services arm provides technology and operational support for specialty pharmacies, including health-system owned operations. It is comparable to Therigy in serving the same customer workflow challenges around accreditation, prior authorization, and patient management.
- Surescripts: Surescripts operates the dominant ePrescribing network in the US and supports medication benefit, prior authorization, and clinical messaging workflows. It is comparable to TherigySTM where its network intersects with specialty pharmacy prescribing, eligibility, and benefits investigation use cases.
Direct peers
- Sentry Data Systems (Cantata Health): Sentry Data Systems / Cantata Health provides 340B and pharmacy management software to hospitals and health systems. It is a direct competitor to TherigySTM in serving hospital-owned specialty pharmacies with workflow, compliance, and patient management tooling.
- CoverMyMeds (McKesson): CoverMyMeds is a leading prior authorization and benefits investigation platform that overlaps with TherigySTM's referral management and benefits investigation modules. Both serve specialty pharmacy workflows around approvals, denials, and patient access to therapy.
Emerging players
- DrFirst: DrFirst provides ePrescribing, medication management, and clinical workflow solutions that touch specialty pharmacy prescribing and patient medication access. It overlaps with TherigySTM in clinical workflow and prescription-related interoperability for specialty therapies.
- Aspen RxHealth: Aspen RxHealth is a clinical pharmacy services platform focused on patient adherence and clinical interventions for specialty medications. It overlaps with TherigySTM's therapy management and patient engagement modules in serving specialty pharmacy patient populations.
- Inovalon: Inovalon offers specialty pharmacy management, outcomes, and analytics platforms (including via its Specialty Pharmacy Network and patient management solutions). It is comparable to TherigySTM in serving payers, PBMs, and specialty pharmacies with workflow, outcomes tracking, and accreditation-aligned capabilities.
Others
- First Databank (FDB): FDB provides drug knowledge databases and clinical decision support used by specialty pharmacies, EHRs, and pharmacy systems. It is an enabling/adjacent technology provider that supports the medication data and decision-support capabilities embedded in platforms like TherigySTM.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Therigy social profiles
Digital presenceTherigy compliance and trust
Trust signalCompliance1 record
Therigy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Therigy leadership team
Management profileNumber of profiles
Profiles4 records
Therigy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Therigy 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 Therigy
What does Therigy do?
TherigySTM is a cloud-based specialty pharmacy management software platform that standardizes clinical workflows, manages patient therapy through disease-specific care plans, handles referrals/prior authorizations/financial assistance, and supports accreditation compliance (URAC, ACHC). It is sold to specialty pharmacies, health systems, PBMs, oncology clinics, infusion centers, and grocery store pharmacy chains across the United States, deployed across approximately 60% of URAC-accredited health system-owned specialty pharmacies.
Is Therigy a public or private company?
Therigy is a private company. It is classified as corporate owned and is currently operating.
When was Therigy founded?
Therigy was founded in 2016. It employs 51 to 100 people.
Where is Therigy based?
Therigy is headquartered in Maitland, United States, in the North America region.
How does Therigy make money?
One revenue line is on record: therigySTM Software Subscription.
Who are Therigy's main competitors?
Broad incumbents on record are McKesson Specialty Health, Cardinal Health Specialty Solutions, Cencora (formerly AmerisourceBergen) Specialty Solutions and Surescripts. Direct peers are Sentry Data Systems (Cantata Health) and CoverMyMeds (McKesson). Emerging players are DrFirst, Aspen RxHealth and Inovalon. First Databank (FDB) is listed as an others.
Does Therigy have an API?
No public API is recorded for Therigy.
What industry is Therigy in?
Therigy's product category is Specialty Pharmacy Management Software. Its primary akta.pro industry code is HLACAKAG, Specialty Pharmacy & Complex Therapy Management Platforms, with a secondary code of HLACAKAC, Pharmacy Information Systems (PIS) & Dispensing Workflow. Its NAICS code is 5132 and its SIC code is 7372.