About Us
About CompRx
Workers’ compensation billing is slow, unpredictable, and heavy on administrative work. Providers are often left waiting weeks or months for reimbursement on prescriptions they have already dispensed. CompRx was created to change that reality.
CompRx provides a compliant, transparent way for physicians and pharmacies to receive fast, predictable payment for their workers’ compensation pharmacy receivables. We help eliminate cash flow gaps and reduce operational strain, all through a simple true-sale receivables model that never creates debt.
Our Mission
To support the healthcare providers who care for injured workers by making workers’ compensation revenue predictable, efficient, and easier to manage.
We believe physicians deserve financial stability and administrative relief without sacrificing compliance or control. Every part of CompRx is designed with that goal in mind.
What We Do
CompRx purchases eligible workers’ compensation pharmacy receivables from physicians and mail-order pharmacy partners.
✔ Upfront funding for approved receivables
✔ Transparent pricing based on historical collection data
✔ Complete administrative support through qualified billing and reconciliation partners
✔ Full compliance oversight throughout the entire process
Our Three Fundamental Ideas
Transparency
Clear terms, clear pricing, and clear expectations. No hidden fees. No surprises.
Security
All Protected Health Information (PHI) is encrypted, accessed under Business Associate Agreements, and used only for essential functions.
Compliance
We align every part of our operation with HIPAA, HITECH, the Anti-Kickback Statute, Stark Law, and the False Claims Act.