Rightway Healthcare Appoints PBM Industry Leader Mark Thierer as Executive Chairman
NEW YORK–(BUSINESS WIRE)–Rightway Healthcare (“Rightway”), a New York-based pioneer in patient navigation and care optimization, today announced that Mark Thierer has been appointed Executive Chairman of the Board of Directors. Mark brings over 30 years of experience in the Pharmacy Benefits industry to Rightway’s strategic efforts and will help drive the expansion of RightwayRx, a technology solution reinventing the future of Pharmacy Benefit Managers (“PBMs”).
Mark Thierer has a proven track record of successfully leading and advising innovative companies in the healthcare industry. Most recently, Mr. Thierer was the CEO of OptumRx where he oversaw all pharmacy services, specifically managing pharmacy benefits and specialty pharmacy programs. Prior to joining Optum, Mr. Thierer was the Chairman of the Board and CEO of Catamaran, which he successfully built into the nation’s fourth largest PBM and sold for over $12 billion.
Rightway’s latest offering, RightwayRx, is redefining pharmacy benefits by aligning incentives, increasing transparency, and unlocking the value of the supply chain for its clients. The solution is designed to help members manage their pharmacy benefits through an easy-to-use interface that enables engagement with a dedicated Pharmacist Navigator. The service combines the Rightway care navigation model with clinical proficiency and rich data science to identify the optimal medication therapies and savings opportunities available through members’ healthcare programs. RightwayRx centers around an unprecedented member experience, delivering a new standard of care for PBMs.
“I have spent the last two years searching for a better PBM model, and Rightway’s white glove approach to clinical management, combined with its efforts to engage the supply chain, positions it to be highly disruptive in a space that is in need of change. I believe Rightway is propelling the next wave of transformation across the healthcare industry, particularly among patient navigation and pharmacy benefit systems. I look forward to lending my perspective and insight to the Rightway team in their journey to transform key components of healthcare,” said Mark Thierer.
Jordan Feldman, Co-founder and Chief Executive Officer commented, “We are excited to have Mark on board at Rightway. He joins us with significant industry knowledge and a keen understanding of both the market dynamic and the massive opportunities for improvement and transformation in healthcare. I look forward to working with Mark to reinvent how consumers navigate healthcare and overhaul how pharmacy benefits are delivered.”
About Rightway Healthcare
Rightway is a healthcare technology solution that reimagines patient navigation in the clinical and pharmacy space. Each Rightway member is paired with a dedicated clinical support team composed of highly trained health assistants and clinical professionals. By leveraging intelligent workflows powered by advanced analytics of claims and pharmacy data, Rightway is able to provide a superior level of care, proactively engage high-risk members, create cost-savings opportunities, and eliminate redundancies. Rightway currently partners with over 800 employer clients in industries spanning finance, legal, consumer products, and technology. On average, Rightway saves its clients five times its cost while providing an exceptional level of white glove service that has earned it a net promoter score of 80. Rightway is backed by Thrive Capital. For more information, please visit www.rightwayhealthcare.com.
Dan Gagnier / Lindsay Barber