(Spartanburg, SC – June 28, 2022) RedSail Technologies, LLC, announced today that it has acquired TransactRx, LLC, a transaction platform that enables billing for both pharmacy and medical benefits. TransactRx’s product will be fully integrated into RedSail’s PowerLine® transaction switch.
The acquisition of TransactRx allows RedSail to expand its services for pharmacy customers to include medical billing. By combining TransactRx’s highly modern billing platform with RedSail’s switch and pharmacy management systems – offered by brands PioneerRx®, Integra®, and QS/1® – RedSail will enable pharmacy customers to seamlessly provide and bill for clinical services within standard pharmacy workflow. Streamlining this process will allow pharmacies to expand these important services, such as immunizations, point-of-care testing, and medication management.
TransactRx will also expand RedSail’s footprint in the physician practice space through valuable pharmacy and specialty billing solutions specifically designed for physician practices that provide vaccines or dispense medications.
Kraig McEwen, CEO of RedSail, said, “This is a huge step forward in our commitment to build the most clinically advanced and financially sustainable network of pharmacies. TransactRx’s cross-benefit platform is a natural complement to PowerLine’s modern technology, giving our customers a unique, integrated medical billing solution. It really is a market-changing opportunity.”
TransactRx has two offices and is led by Jack Guinan, who continues as President. He will report directly to Anthony Cinalli, EVP and General Manager of RedSail’s Network Services business unit.
About RedSail Technologies
RedSail Technologies, LLC, features brands – PioneerRx®, Integra®, PowerLine®, and QS/1® – that offer cutting-edge and comprehensive healthcare software solutions. With the largest independent pharmacy network in the country and the most installed pharmacy management system, RedSail Technologies® is making patient care a competitive and profitable advantage once again. Its passion and advocacy for the independent and institutional pharmacy software markets spans over 40 years. With targeted customer service and high-performing products, RedSail Technologies is helping its customers reimagine what’s possible for their businesses and the diverse communities they serve.
TransactRx, LLC, with offices in Miami, FL, and Phoenix, AZ, combines healthcare benefits expertise, provider network management, and a patented cross-benefit transaction platform to change the way drug reimbursement is managed across medical and pharmacy providers regardless of benefit type, pharmacy or medical.