Coral helps providers make smarter drug choices given their payer relationships, buy those drugs better through GPO and manufacturer contracts, and capture every dollar of the economics they've negotiated. We bring the technology, the contracts, and the expertise — and if you'd rather we just do it for you, we do that too.
Drug spend is one of the largest and most controllable costs in healthcare — yet the gap between what providers negotiate and what they actually capture remains stubbornly wide. Three compounding problems explain most of it.
Coral operates across the full arc of drug spend — from the clinical choices that set your cost structure, to the contracts that determine what you pay, to the operations that close the financial loop. Most organizations have pieces of this. Coral brings it together. And for clients who prefer it, we'll run any or all of it as a managed service — so your team stays focused on care.
We analyze your payer mix, reimbursement schedules, ASP dynamics, and manufacturer contracting to identify where therapeutically equivalent drug selection would materially improve your margin — without compromising care. We can deliver this as a technology-enabled advisory, or manage your formulary and clinical guidance on an ongoing basis.
Coral provides GPO access and manufacturer contracting — and then makes sure every purchase is mapped against those contracts in real time. Admin fees tracked. Backorders reconciled. Compliance enforced. The gap between negotiated and captured economics, closed. Need us to run procurement operations directly? We do that too.
Some clients want the intelligence and controls — and want to act on them themselves. Others want Coral to run the whole operation. For those clients, we provide the complete back-office infrastructure: intake, prior authorization, benefit verification, billing, collections, RCM, and vendor coordination — embedded in your workflow, accountable to your outcomes.
Coral's three disciplines aren't delivered manually. The Coral platform is what makes optimization, procurement, and operations work together with accountability and precision — across every client, every contract, every transaction.
The foundational intelligence layer. Consume reads your contracts, maps every purchase transaction against commercial terms, and surfaces the real-time gap between negotiated economics and what's actually being captured.
Canvas transforms what Consume finds into prioritized work queues, executive dashboards, and board-ready savings narratives. The operating layer where clinical and financial insights become decisions and actions.
The clinical decision layer. Calculate incorporates payer reimbursement structures, ASP dynamics, and manufacturer contracting to model drug selection choices against their true financial implications — before the prescription is written.
A comprehensive business intelligence platform for PBMs and health plans. Full-spectrum claims analytics, utilization management, rebate tracking, and drug spend intelligence across the complete prescription drug lifecycle.
Sold as a standalone product to PBMs and health plans — separate from the provider platform above.
Coral's platform and services are designed for the specific economics of buy-and-bill and specialty pharmacy — where the intersection of clinical choices, procurement, and reimbursement has the most leverage.
Coral's capabilities are delivered through two purpose-built brands, each with deep domain expertise in their respective areas — and both powered by the same underlying Coral platform and network.
ThirdWaveRx brings deep PBM and pharmacy benefit expertise to Coral's drug cost management practice. Specializing in rebate administration, pharmacy cost management, and analytics for plan sponsors, PBMs, and health plans — ThirdWaveRx operates as the drug cost management arm of the Coral platform.
AdvisorWorx delivers specialized advisory, compliance, and operational services for infusion providers, specialty pharmacies, and ambulatory care organizations. Built on deep clinical and operational expertise in the infusion and specialty pharmacy space — AdvisorWorx is the managed services and advisory arm of the Coral platform.
Coral's leadership brings together deep expertise across clinical pharmacy, healthcare operations, investment banking, technology, and drug cost management — with decades of experience across the organizations that define the industry.
Serial entrepreneur and co-founder of Coral and MFO Ventures. Former BD lead at Accuity Delivery Systems. Built Coral around the conviction that drug spend is healthcare's most controllable cost.
Founder of AdvisorWorx. Former executive at ARJ Infusion (now PromptCare), NICA, and FlexCare. Leads Coral's infusion services strategy including pharmacy management, RCM, and operational enablement.
25+ years in healthcare across Optum, Walgreens, Aetna, and CIGNA. Leads Coral's drug cost management division, overseeing rebate administration, pharmacy cost management, and platform analytics. MBA Finance & Strategy, RPI; Executive Leadership, Harvard Business School.
Former Senior Director of Strategic Sourcing at UPMC overseeing $2B+ in pharmaceutical spend. Director of Pharmacy Distribution and Consulting at Premier, Inc. Leads Coral's procurement strategy and GPO relationships.
Former President at Nephron Pharmaceuticals. 20+ years hospital pharmacy experience including a decade as Chief Pharmacy Officer at Massachusetts General Hospital. Leads Coral's hospital and health system strategy.
Former VP at Houlihan Lokey Healthcare Investment Banking. 18+ closed transactions, $10B+ enterprise value, with deep expertise in infusion and specialty pharmacy including KabaFusion, BioMatrix, and Vital Care.
Investor and entrepreneur with experience across post-acute healthcare and pharmacy benefit management. Leads Coral's organizational transformation and enterprise growth. AB in Economics, Harvard University.
20+ year technology executive with 200+ assigned patents. Founder of Legendari Technologies. Leads Coral's technology platform, IP roadmap, and engineering across all products.
Licensed pharmacist with 20+ years in LTC pharmacy. Deep expertise in formulary management, prior authorization, and client services. BS Pharmacy, St. John's University.
15+ years building high-performing sales and business development teams across healthcare. Leads Coral's operational excellence and delivery infrastructure. MBA, UNLV; BS, Bates College.
Most assessments find material leakage within the first 30 days. The question isn't whether it's there — it's how much, and how fast we can close it.