RedSail Technologies Acquires Medical Billing Platform TransactRx

Irving, TX – PioneerRx is excited to welcome TransactRx into its family of innovative technology solutions. RedSail Technologies, PioneerRx’s parent company, recently acquired TransactRx in an industry-shifting business deal. RedSail now leads both PioneerRx and TransactRx into building the most clinically advanced and financially sustainable network of pharmacies in the nation.

TransactRx is a cross-benefit platform designed to change the way drug reimbursement is managed across medical and pharmacy providers — regardless of benefit type, pharmacy or medical. With TransactRx now in the network, RedSail will be able to expand its services to include medical billing and enable pharmacies to seamlessly provide and bill for clinical services for their patients within workflow.

Learn more about the TransactRx acquisition by watching this announcement from RedSail CEO Kraig McEwen:

“[Medical billing] is challenging to do in workflow, and it’s challenging to reliably get paid for it,” said McEwen said in a speech at Connect 2022, an annual pharmacy software event. “We think [TransactRx] has the most modern medical billing platform in the country, and you’ll see us deliver on a vision over the next few months [in which]... all of that should be automated in workflow for your pharmacy…”

For PioneerRx users, TransactRx offers added ease and efficiency within workflow. Alongside the PioneerRx Pharmacy Software System, TransactRx will equip pharmacies to provide services and see reimbursements without the added hassle. In today’s independent pharmacy landscape, enhanced services are more important than ever. In 2022, pharmacies offer services that span multiple areas:

  • 79% of pharmacies offer medication synchronization
  • 73% offer medication therapy management
  • 84% of pharmacies offer flu immunizations
  • 80% offer non-flu immunizations
  • 53% of pharmacies offer blood pressure monitoring

Other services include point-of-care testing, pharmacogenomic and nutrigenomic analysis, health and wellness classes, and patient counseling services. As the future of independent pharmacy continues to evolve, so will enhanced services.

The ability to bill for such services in a streamlined way will allow independent pharmacies to increase their offerings and remain the most accessible healthcare provider to their patients.

Jeff Key, President of PioneerRx, is excited about the potential TransactRx has for PioneerRx pharmacies. As Jeff explains, “TransactRx will revolutionize the world of medical billing. Combined with the power of PioneerRx, pharmacies can use TransactRx to spend more time innovating and expanding into new areas of care. In this way, TransactRx plays a key role in PioneerRx’s mission to Save + Revitalize Independent Pharmacy.”

Over the next several months, PioneerRx will work alongside TransactRx to create a unique, integrated billing solution to roll out to RedSail’s network of more than 9,000 independent pharmacies.

With this move, PioneerRx and TransactRx — and the entire RedSail family — will continue to provide the best technology solutions for our community of pharmacy professionals.

About TransactRx:

TransactRx combines healthcare benefits expertise, provider network management, and a patented cross-benefit transaction platform to change the way drug reimbursement is managed. TransactRx manages Medicare Part D, pharmacy medical billing, pharmacy claim adjudication, batch NCPDP claim processing, and eligibility and claims API, creating a full suite of solutions for pharmacists and physicians. TransactRx is led by Jack Guinan and operates out of Miami, FL, and Phoenix, AZ. Visit www.TransactRx.com to learn more.

About PioneerRx:

PioneerRx is committed to Saving and Revitalizing Independent Pharmacy. With unmatched customer support and continuous weekly feature updates, PioneerRx Pharmacy Software equips pharmacies to thrive in a clinical, patient-centered future. By implementing suggestions from users and paving the way for leading industry trends, PioneerRx empowers pharmacies for continued success and improved patient outcomes. To see why PioneerRx is the most installed independent pharmacy software, visit www.PioneerRx.com.

Media Contact:

PioneerRx Pharmacy Software

Taylor Gregory

800-850-5111

taylor.gregory@pioneerrx.com

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