Waltz Health, a digital health firm specializing in innovative medication pricing and distribution solutions, has partnered with specialty pharmacy leader Reliance Rx to reduce prescription specialty drug costs. As part of this collaboration, Reliance Rx will become an in-network provider within Waltz Health’s Waltz Connect program, offering a range of specialty medications.
Waltz Connect, an AI-driven solution for managing specialty medication coverage, integrates advanced technology, patient support, and a dynamic marketplace of high-quality specialty pharmacies. This platform enables health plans to optimize medication management by leveraging competition among pharmacies based on price, service, and clinical outcomes.
Reliance Rx, a leading specialty pharmacy known for its high-quality service and efficiency, serves over 20 million lives and boasts a 95% medication possession ratio with a swift average time-to-fill of just over three days. The company has achieved a 100% patient satisfaction rating and has delivered significant savings, averaging $5,200 per successful clinical interaction.
As an in-network partner within Waltz Connect’s marketplace, Reliance Rx offers its premium services at reduced costs to health plans and self-funded plan participants requiring specialty medications.
Timothy Carroll, PharmD, CSP, Vice President of Business Development and Analytics at Reliance Rx, highlighted the partnership’s benefits: “Waltz Health’s solution enhances the specialty pharmacy experience for patients and providers, ensuring a seamless access to essential medications while addressing administrative burdens for plan sponsors.”
The rising costs of specialty drugs are a major concern, with a complex pricing system often exacerbating expenses and creating friction for health plans and members.
Mark Thierer, Co-founder and CEO of Waltz Health, noted: “Reliance Rx stands out as a proven partner that excels in price competitiveness and member experience, minimizing the challenges typically associated with specialty pharmacies. Their ability to efficiently fill prescriptions and offer predictable pricing aligns with our mission to reduce costs and meet member expectations.”
About Waltz Health
Waltz Health is a digital health company focused on leveraging technology to optimize prescription care decisions. Serving payers, pharmacies, and self-insured employers, the company’s AI-powered marketplaces aim to reduce drug costs and enhance pharmacy benefits management. Founded in 2021 and headquartered in Chicago, Waltz Health is supported by prominent investors including GV, Define Ventures, Echo Health Ventures, Blue Venture Fund, Byers Capital, and Twine Ventures.
About Reliance Rx
Reliance Rx is a national specialty pharmacy specializing in the fulfillment and care coordination of complex diseases. The company emphasizes effective communication among physicians, patients, and its pharmacy team to ensure high adherence to therapy and positive clinical outcomes.
