Recently, a new player has emerged in the Pharmacy Benefit Manager (PBM) landscape: LucyRx. Founded in 2023 with a significant $500 million capital investment, LucyRx positions itself as a "next-generation" and independent PBM aiming to redefine the industry.
What might be of particular interest to community pharmacy readers is LucyRx's stated commitment to supporting independent pharmacies, especially those in underserved areas. To this end, LucyRx recently published a press release about the launch of the Sustaining Pharmacy Access & Rural Care (SPARC) Program, with the explicit goal of ensuring the viability of independent pharmacies in "pharmacy deserts" — regions with limited access to essential pharmacy services.
According to LucyRx, The SPARC program intends to provide much-needed support through several key initiatives:
Listen to this episode with a 7-day free trial
Subscribe to Pharmacy Technology & Management Review to listen to this post and get 7 days of free access to the full post archives.
