RxLightning, a health technology company, announced plans to expand in southern Indiana, designating New Albany as the startup’s headquarters and creating up to 175 new, high-wage jobs by the end of 2025.
“As a state, Indiana is committed to cultivating innovators and fostering entrepreneurs, and the results are telling,” said Governor Eric J. Holcomb. “Startups like RxLightning are not only powering new solutions, but they’re also providing critical services to patients in need while creating high-skilled, high-wage career opportunities for Hoosiers.”
“RxLightning is a perfect example of how Indiana innovators are advancing the industries of the future,” said Indiana Secretary of Commerce Brad Chambers. “The company’s solutions, powered by skilled and hardworking Hoosiers, are helping patients access life-saving treatments. Indiana is a leader in medical devices and pharmaceuticals, and now we’re the ideal destination for growing health tech companies like RxLightning.”
RxLightning, which was founded in 2020 in Greenville, Indiana, will invest significant resources to establish its headquarters in downtown New Albany, leasing, renovating and equipping an historic, three-story building at 227 Pearl Street. The company, which provides digital solutions to make specialty drug enrollment more efficient, will invest in additional computers, hardware and software to support its growing team and its growing network of providers who utilize its platform. RxLightning plans to move into its new space later this year.
“This is an incredibly exciting move for RxLightning,” said Julia Regan, co-founder and CEO of RxLightning. “Our new expanded headquarters will allow us to continue our growth and work collaboratively to accelerate the speed at which patients get access to medicine they need. The state of Indiana, the city of New Albany and One Southern Indiana have been amazing partners in this endeavor. We considered other locations, but we’re thrilled to remain here in southern Indiana.”
RxLightning has grown significantly since its founding, raising $8.5 million in funding from investors around the world while growing its team by approximately 50% so far this year. RxLightning will continue to hire for software engineers, implementation managers, business development leaders, marketing experts, among many other roles. Interested applicants can email email@example.com.
RxLightning’s platform streamlines the specialty drug enrollment process for both doctors and patients, reducing paperwork and cutting the enrollment time from weeks to hours. The digitized, single solution, which is free for providers and patients, supports more than 1,200 specialty medications, helping patients get access to the treatments they need even faster. RxLightning has been named one of the fastest growing companies in Louisville by Louisville Business First, and the company received the tech product of the year and startup of the year awards at the 2022 TechPoint Mira Awards earlier this year.
“This news represents another milestone for the city and the region,” said Jeff Gahan, Mayor of the city of New Albany. “We welcome RxLightning to our downtown as they continue to build on their success and growth.”
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in RxLightning of up to $4 million in conditional tax credits based on the company’s creation plans. The tax credits are performance-based, meaning RxLightning is eligible to claim incentives once eligible employees are hired. The city of New Albany approved additional incentives to support training and workforce development.
RxLightning was co-founded by CEO Julia Regan and CTO Brad Allen to create a world where every patient gets accelerated access to the therapies they need, through the creation of a single destination for specialty prescriptions that makes the enrollment process easy, automated and as seamless as possible. The free-to-provider digital platform streamlines the specialty medication enrollment process in every therapeutic area to reduce paperwork, eliminate mistakes, streamline communication and accelerate the time to life-altering therapies for patients.
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.