- Former Eden Health CFO & COO to lead financial strategy
at rapidly growing Capital Rx
NEW
YORK, June 18, 2024 /PRNewswire/ -- Capital Rx,
the full-service pharmacy benefit manager ('PBM') and pharmacy
benefit administrator ('PBA') advancing our nation's electronic
healthcare infrastructure to improve drug price visibility and
patient outcomes, today announced that Antonio Garcia Cueto has joined the
company's executive leadership team as Chief Financial Officer. He
will lead the finance department at Capital Rx, overseeing all
matters relating to financial strategy, planning, and reporting,
among other responsibilities.
Antonio's financial, legal, and operating
experience will be invaluable as Capital Rx invests in JUDI® and
scales its business.
"We welcome Antonio at an extraordinary time for Capital Rx, and
I am delighted that he's joined our organization as we embark on
the next phase of our aggressive growth plan and mission: to
develop the infrastructure that will benefit every payer, provider,
and patient in our country," said AJ Loiacono, Co-Founder and
CEO of Capital Rx. "To achieve this lofty goal, we've secured
the capital reserves to invest aggressively in JUDI® and
our teams. Antonio's two decades of financial, legal, and operating
experience will be invaluable as we scale the business."
Based in New York, Garcia Cueto joins Capital Rx in the wake of
monumental announcements, including its strategic alliance with
Prime Therapeutics and the closing of a $50M+ strategic investment
round involving more than 10 of the nation's leading health
systems. In both instances, Capital Rx's enterprise health platform
(EHP), JUDI, is a central pillar. Today, Capital Rx leverages JUDI
to enable pharmacy benefit program deployment and administration
for commercial, Medicare, and Medicaid plans. The EHP seamlessly
connects to other platforms and systems with unrivaled financial
efficiency and flexibility, allowing for a focus on member care and
the transition to a value-based care delivery model.
"Capital Rx's mission is inspiring, and I'm honored to join an
incredibly talented team committed to bringing necessary
advancements to the healthcare industry," said Garcia Cueto. "The U.S. healthcare system is
riddled with inefficiency, and waste is rampant. Capital Rx's
ability to drive down costs, improve transparency, and deliver an
exceptional patient care experience drew me to this role, and I'm
looking forward to helping accelerate the pace of change for things
that many people don't believe can be changed."
Prior to joining Capital Rx, Antonio served as Eden Health's
Chief Financial and Operating Officer, overseeing financial
strategy, corporate development, mergers and acquisitions,
operations, and customer success initiatives for the provider of
primary care, mental health care, and care navigation solutions to
the employer market.
About Capital Rx
Capital Rx is a full-service pharmacy benefit manager (PBM) and
pharmacy benefit administrator (PBA), advancing our nation's
electronic healthcare infrastructure to improve drug price
visibility and patient outcomes. As a Certified B Corp™, Capital Rx
is executing its mission through the deployment of
JUDI®, the company's cloud-native enterprise health
platform, and a Single-Ledger Model™, which increases visibility
and reduces variability in drug prices. JUDI connects every aspect
of the pharmacy ecosystem in one efficient, scalable platform,
servicing millions of members for Medicare, Medicaid, and
commercial plans. Together with its clients, Capital Rx is
reimagining the administration of pharmacy benefits and rebuilding
trust in healthcare. To learn more, visit capital-rx.com.
Media Contacts
Michael Passanante, SVP, Marketing & Communications
Justin Venneri, Director of
Communications
marketing@cap-rx.com
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SOURCE Capital Rx