Press Releases

EY Announces Capital Rx Co-Founder & CEO AJ Loiacono as an Entrepreneur Of The Year® 2023 New York Award Winner

June 15, 2023

Capital Rx

NEW YORK, June 15, 2023 /PRNewswire/ - On June 13, Ernst & Young LLP (EY US) announced that AJ Loiacono, Co-Founder and CEO of Capital Rx, the health tech company redefining the pharmacy benefit management (PBM) industry and Medicare claim administration, has been named an Entrepreneur Of The Year® 2023 New York Award winner. In its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies building a more equitable, sustainable, and prosperous world for all.

“I am honored to be named a recipient of the EY Entrepreneur Of The Year 2023 New York Award winner for my work at Capital Rx. Our organization continues to set the highest standards for client satisfaction, patient care, and prescription savings,” said Loiacono. “I’m thankful to the judges and EY for this recognition and grateful to my extraordinary colleagues for helping me build an incredible organization. Through our innovation and technology, we are delivering on our mission to make medication more affordable and improve access and outcomes for all Americans.”

An independent panel of judges made up of previous award winners, leading CEOs, investors, and other regional business leaders evaluated an “unprecedented number of nominees” this year and selected AJ for his demonstration of building long-term value through entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes.

Capital Rx is a full-service PBM and pharmacy benefits administrator (PBA) and North America’s fastest-growing health tech company. The company combines transparency with modern technology to reduce administrative costs, improve patient outcomes, and deliver a superior customer experience. As a Certified B Corp™ committed to upholding the highest standards of accountability in business, Capital Rx provides employers, labor unions, health systems, and health plans, among others, with best-in-class pharmacy benefit solutions. The company leverages a Single-Ledger Model™ to bring visibility and consistency to drug pricing, a proprietary cloud-native enterprise pharmacy platform, JUDI®, to improve operational efficiency, and robust clinical programs coupled with an award-winning call center to deliver industry-leading member service to its customers and drive cost savings compared to the traditional PBM model.

For nearly four decades, EY US has honored entrepreneurs whose ambition, courage, and ingenuity have driven their companies’ success, transformed their industries, and positively impacted their communities. Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs with exclusive, ongoing access to the experience, insight, and wisdom of program alumni and other ecosystem members in over 60 countries — all supported by vast EY resources. Since 1986, the Entrepreneur Of The Year program has recognized more than 11,000 US executives.

As a New York award winner, AJ is now eligible for consideration for the Entrepreneur Of The Year 2023 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year® Award in June 2024.

The Entrepreneur Of The Year program has honored the inspirational leadership of entrepreneurs such as:


Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, N.A.; SAP America; and the Kauffman Foundation. In New York & Connecticut, sponsors also include Cresa, Donnelley Financial Solutions (DFIN), Marsh, Empire Valuation Consultants, ADP, DLA Piper, and Morgan Lewis.

About Entrepreneur Of The Year®

Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth, and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National Overall Award winners go on to compete for the EY World Entrepreneur Of The Year™ title. Visit

About EY Private

As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises, including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices, and entrepreneurs. Visit

About EY

EY exists to build a better working world, helping create long-term value for clients, people, and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax, and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit

About Capital Rx

Capital Rx is a healthcare technology company changing the way prescription drugs are priced and patients are cared for in America. As a Certified B Corp™, Capital Rx is executing its mission through a Single-Ledger Model™, the industry’s first ethical framework for drug pricing. The company’s cloud-native enterprise pharmacy platform, JUDI®, connects every aspect of the pharmacy ecosystem, servicing over 2.4 million members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit 

Media Contacts

Michael Passanante, VP, Marketing

Justin Venneri, Content & Communications Strategy Lead

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