OmniSYS, a Dallas, TX-based technology company focused on innovative solutions for the retail pharmacy industry, acquired Rx-Net, the provider of automated pricing solution ProfitMax.
The amount of the deal was not disclosed.
Rx-Net manages an annual prescription volume of over $4 billion, with customers in all 50 states. Their automated pricing solution is integrated with most pharmacy management system vendors, allowing pricing information to be accessed from a pharmacist’s existing workflow.
ProfitMax provides a fully-automated, single interface, multi-location prescription price management solution for retail pharmacies. By taking into account customer-specific pricing goals, third-party reimbursement and a combination of market-based data sources, ProfitMax automatically helps set and adjust a pharmacy’s usual and customary (U&C) pricing so that they can maximize reimbursement while maintaining competitive and profitable prices for cash-paying customers.
Following the deal, key personnel from Rx-Net are expected to remain with the company to help facilitate the integration with OmniSYS and ensure a seamless transition for existing customers.
Led by John King, chief executive officer, OmniSYS is a technology company that enables pharmacies and pharmaceutical manufacturers to engage patients. The company leverages market insight, pharmacy workflow expertise and extensive industry knowledge to provide medical billing, immunization services and patient communication solutions for pharmacies and consumer engagement programs for pharmaceutical manufacturers.
OmniSYS currently serves over 25,000 pharmacies.