Capital Rx

judi.health

HQ: New York, New York, United States

1000

Healthcare

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

Judi Health, formerly Capital Rx, is a private health-technology company that administers pharmacy and broader health benefits for employers, health plans, unions, TPAs, and government programs. Its model combines transparent pharmacy-benefit administration with a cloud-native platform for unified pharmacy, medical, dental, and vision claims workflows.

Primary product

Judi® Enterprise Health Platform, a cloud-native SaaS and claims-administration platform. The company also operates Capital Rx/Judi Rx for pharmacy benefit management, Judi Care for care navigation and medical-benefit administration, and Judi Cloud for platform licensing.

Founded

2017

Headquarters

Jersey City, New Jersey, with major operations and offices in New York City

Team size

Approximately 300-600 employees; third-party sources report figures ranging from 362 to 505, while a company-authored 2024 article referenced more than 600 personnel across functions.

Work style

Flexible

Industry

Healthcare technology

Sub-industry

Pharmacy benefit management, health-benefit administration, claims processing, care navigation, and healthcare SaaS

Offices

New York, New York

Denver, Colorado

Charlotte, North Carolina area

Jersey City, New Jersey

Business model

Enterprise SaaS licensing for health plans and TPAs

Full-service pharmacy benefit management for self-insured employers

Pharmacy benefit administration

Medical, dental, and vision benefit administration

Care-navigation services

Prescription discount-card services

Funding

Stage

Late-stage private company; Series F

Total raised

$607M

Latest round

Series F and additional investments in company securities · Sep 2025

Latest amount

$400M

Series F plus additional securities investment

Sep 2025 · Wellington Management and General Catalyst

$400M

Series E

Mar 2024

Secondary transaction / private securities investment

Mar 2024

Strategic investment round

Oct 2023 · Transformation Capital and participating health systems

$50M

Series D

May 2023

Series C

Jun 2022 · B Capital

$106M

Series B

Feb 2021 · Transformation Capital

$50M

Paycheck Protection Program debt

Apr 2020

Series A / growth financing

Jul 2019 · Edison Partners

$16M

Seed

Mar 2018

$3M

People & investors

Leadership

A. J. Loiacono

Co-Founder and Chief Executive Officer

Ryan Kelly

Co-Founder and Chief Technology Officer

Bryan SebaRaj

Chief Operating Officer

Antonio Garcia Cueto

Chief Financial Officer

Kristin Begley, PharmD

Chief Commercial Officer

Sunil Budhrani, MD, MPH, MBA

Chief Strategy and Medical Officer; previously Chief Innovation and Medical Officer

Lloyd D. Fiorini

General Counsel and Chief Compliance Officer

Karen

Senior Vice President, Enterprise Solutions

Elizabeth

Executive responsible for prescription discount-card and product-development initiatives

Nick Van Hook

Senior Vice President, National Business Development

John Asalone

Executive Vice President, Judi Care

Investors

Work & culture

The company describes itself as customer-obsessed, technology-enabled, transparent, entrepreneurial, and mission-driven. Careers materials emphasize problem solving, ownership, diverse perspectives, data-driven decisions, collaboration, and improving healthcare affordability. Engineering postings describe a remote-first culture for non-local employees, Agile/Scrum practices, and substantial ownership of production systems.

Work style

Flexible

Compensation

Public job postings provide role- and location-specific salary bands. Examples include approximately $86,400-$136,000 for a remote platform developer, $108,800-$136,000 in New York, $150,000-$180,000 for a remote senior backend developer, and roughly $139,600-$195,000 for a senior full-stack developer in New York. Visa sponsorship and comprehensive compensation policies are not publicly confirmed.

Benefits

Company-sponsored 401(k) plan

401(k) matching referenced in job postings

Flexible vacation time

Employer-paid life and disability insurance

Health insurance

FSA and HSA benefits

Commuter benefits

Wellness program

Annual performance-based bonus programs

On-demand learning and internal mentorship

Potential equity or ownership participation

Product & market

Pricing

For PBM administration, the company promotes a flat administrative fee, pass-through rebates, and no revenue from drug spread. Its public materials cite transparent fees and NADAC-based pricing; an independent source reports a $0.99-per-claim price, but that figure is not confirmed on the current company website. Enterprise SaaS pricing is custom and not publicly disclosed.

Differentiators

—Transparent pass-through pricing with no revenue from drug spread
—Flat administrative-fee model and full rebate pass-through
—Single-Ledger Model designed to expose pharmacy reimbursement and reduce price variability
—NADAC-based drug-pricing framework
—Cloud-native Judi platform built specifically for pharmacy and health-benefit administration
—Unified pharmacy and medical claims processing on one platform
—Support for commercial, Medicare, and Medicaid workflows
—Open APIs and interoperability with external point solutions
—Care navigation through Judi Care following the Amino Health acquisition
—Public benefit corporation and Certified B Corporation status

Technology

Python

Flask

SQLAlchemy

TypeScript

React

PostgreSQL

AWS

AWS Lambda

Amazon ECS

Amazon EKS

Amazon RDS

Amazon S3

Amazon Kinesis

Amazon Redshift

Snowflake

Redis

Terraform

Docker

Kubernetes

GoCD or Harness CI/CD tooling

Customers

Fortune 500 employers

Self-insured employers

Unions and Taft-Hartley funds

Health plans and TPAs

Universities and academic institutions

Municipalities and state employee plans

Atlantic Health System

Banner Health

CDPHP

Inova Health System

Lehigh Valley Health Network

Memorial Hermann Health System

Nebraska Medicine

Novant Health

Ochsner Health System and WellSpan Health

Competitors

CVS Caremark

Optum Rx / UnitedHealth Group

Express Scripts / Cigna

Humana Pharmacy Solutions

Prime Therapeutics

Navitus Health Solutions

SmithRx

EmpiRx Health

Flipt

Truveris

Scale & contact

Estimated revenue

Approximately $300 million-$900 million annually; third-party estimates vary materially, including about $306 million and approximately $850 million. No audited public revenue figure was identified.

Estimated monthly visits

37K

Traffic estimate as of Jun 2026

Signals & risks

Acquisition

Jun 2025

Capital Rx acquired care-navigation company Amino Health. Financial terms were not disclosed; Amino became Judi Care and its CEO John Asalone joined as Executive Vice President of Judi Care.

Source

Other

Sep 2025

The company announced a major rebrand from Capital Rx to Judi Health alongside a $400 million investment. The transaction included a $252 million Series F and additional investments in company securities, creating some inconsistency between the disclosed financing amount and third-party total-funding estimates.

Source

Latest news

Judi Health Announces More Than Five Million Contracted Employer PBM Lives

Judi Health / Business Wire · Jan 2026

The company reported surpassing five million contracted employer PBM lives, more than one million live as of January 1, 2026, and more than 80 new partnerships during the prior year.

Capital Rx Announces $400M Investment and Rebrands as Judi Health

Judi Health / PR Newswire · Sep 2025

The company announced a $400 million investment, including a $252 million Series F, led by Wellington Management and General Catalyst, and rebranded as Judi Health to expand beyond pharmacy benefits.

Capital Rx Acquires Care Navigation Company Amino Health

Judi Health / PR Newswire · Jun 2025

Amino Health was acquired and became Judi Care, adding care navigation and provider-search capabilities to Capital Rx's benefits platform. Terms were not disclosed.

Capital Rx Unveils Unified Pharmacy and Medical Claims Processing Platform

Judi Health · Feb 2025

Capital Rx announced Judi Health, described as a unified platform for pharmacy and medical claims administration on a single system.

Capital Rx Closes $50M+ Strategic Investment Round

Judi Health / PR Newswire · Oct 2023

More than ten health systems and Transformation Capital participated in a strategic investment round exceeding $50 million to accelerate Judi platform development.

Jobs and careers at Capital Rx

118 jobs at Capital Rx

Customer Success Pharmacy Technician

On-site

Technology

Charlotte, North Carolina, United States; Denver, Colorado, United States; New York, New York, United States; Charlotte, North Carolina, United States; Denver, Colorado, United States; New York, New York, United States

Today

On-site

Full-time