Southern Indiana technology company is positioned to transform patient care in the U.S.
In another sign of Southern Indiana’s growing appeal to the tech industry, RxLightning, an award-winning technology company, is establishing expanded headquarters in downtown New Albany, expecting to add up to 175 new jobs over several years paying nearly twice the average wage in Floyd County. The company will invest heavily in software, hardware, and more in a three-story historic building at 227 Pearl Street, at the corner of Market and Pearl in New Albany.
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 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.
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 Hoosiers are hired. In addition, the City of New Albany offered RxLightning training grants totaling $120,000 equally divided over five years.
“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.
“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.”
Wendy Dant Chesser, President and CEO of One Southern Indiana said, “RxLightning CEO Julia Regan was selected last month as an Endeavor Entrepreneur through a unanimous vote at the 94th International Selection Panel (ISP) held in Greece, the first woman in the Midwest to achieve that honor. Her company’s growth continues to be remarkable, and her commitment to this region is a testament to the ongoing vitality of southern Indiana. As always, 1si has been delighted to be a part of this process, and looks forward to assisting in any way we can.”
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.
About One Southern Indiana
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to help businesses innovate and thrive in the Southern Indiana / Louisville metro area via the three pillars of Business Resources, Economic and Advocacy. For more information on One Southern Indiana, visit www.1si.org.