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An Entrepreneur's Mission to Revolutionize PBMs | A.J. Loiacono, Capital Rx
Manage episode 377241640 series 2539326
Show Overview:
We discuss the evolution of the pharmacy benefit manager (PBM) industry with AJ Loiacono, founder and CEO of Capital Rx. AJ shares his experiences as an entrepreneur aiming to disrupt incumbent PBM models and practices.
https://www.cap-rx.com/
00:00 Introduction
00:23 AJ Loiacono introduces himself and Capital Rx
01:02 Changes in the PBM industry over the past 2 years
02:18 Role of modern communication and social media
03:06 The growth in prescription drug spending
04:42 Drug inflation and the shift from gross to net pricing
08:55 The complex and opaque drug supply chain
10:40 The need for PBM regulation and oversight
15:27 Capital Rx's competitive spirit and mission
18:52 Building out Capital Rx's leadership team
21:31 The challenge of tracking true drug prices
25:31 Expanding into government claims processing
26:11 Leading a growing organization as CEO
31:40 Most stressful times as an entrepreneur
37:14 Conviction as an entrepreneur
42:41 Precarious position of a startup CEO
46:17 Why some founders give up
48:15 AJ's Entrepreneur of the Year award
50:13 Being a "minmaxer" in business
52:00 Avoiding startup founder cliches
56:28 AJ's enthusiasm two years later
57:01 Outro
The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.
276 episodes
Manage episode 377241640 series 2539326
Show Overview:
We discuss the evolution of the pharmacy benefit manager (PBM) industry with AJ Loiacono, founder and CEO of Capital Rx. AJ shares his experiences as an entrepreneur aiming to disrupt incumbent PBM models and practices.
https://www.cap-rx.com/
00:00 Introduction
00:23 AJ Loiacono introduces himself and Capital Rx
01:02 Changes in the PBM industry over the past 2 years
02:18 Role of modern communication and social media
03:06 The growth in prescription drug spending
04:42 Drug inflation and the shift from gross to net pricing
08:55 The complex and opaque drug supply chain
10:40 The need for PBM regulation and oversight
15:27 Capital Rx's competitive spirit and mission
18:52 Building out Capital Rx's leadership team
21:31 The challenge of tracking true drug prices
25:31 Expanding into government claims processing
26:11 Leading a growing organization as CEO
31:40 Most stressful times as an entrepreneur
37:14 Conviction as an entrepreneur
42:41 Precarious position of a startup CEO
46:17 Why some founders give up
48:15 AJ's Entrepreneur of the Year award
50:13 Being a "minmaxer" in business
52:00 Avoiding startup founder cliches
56:28 AJ's enthusiasm two years later
57:01 Outro
The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.
276 episodes
All episodes
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