Bridget Mulvenna, vice president of business development at Capital Rx Inc., (a New York City-based company) resides in New Market, Maryland, and is a seasoned professional with nearly four decades of experience in the pharmaceutical and health care industries. Throughout her career, she has been highly instrumental in leading growth initiatives and fostering strong relationships with consultants, pharmacy experts, and employee benefits brokers. Her current role involves selling pharmacy benefits management services and collaborating with self-funded plan sponsors. Mrs. Mulvenna’s expertise extends to consulting with self-funded employers, benefits consultants, and brokers to secure effective and transparent pharmacy benefit arrangements, ensuring the full value of the pharmacy supply chain is returned to clients.
Previously, Mrs. Mulvenna held vital positions at Erickson Senior Living in Catonsville, Maryland, where she was the director of pharmacy programs. In addition to establishing an on-site pharmacy model for senior living, chairing the Pharmacy & Therapeutics Committee, and establishing procurement and contracting efficiencies, she made significant contributions during the 2020 global pandemic by ensuring a steady supply of personal protective equipment for the employees and seniors she supported. Her strategic acumen was further demonstrated when she saved the company $5,000,000 by switching pharmacy benefits managers in 2021. Mrs. Mulvenna also was the director of procurement, achieving substantial cost savings and operational efficiencies, nearing $27,000,000 over her ten years at Erickson Senior Living. Her career also includes multiple roles in operations at Omnicare, including general manager of the largest long term care pharmacy in Maryland, regional director of technology, national key accounts manager, and leading multiple projects that led to operational efficiencies for the entire organization.
Since stepping into her current position at Capital Rx Inc., Mrs. Mulvenna has noted a marked increase in her confidence in her abilities. Her prowess swiftly became evident when she successfully added nearly 90,000 new members in her first sales year. She proudly acknowledges that despite societal stereotypes of women her age, her self-assurance has flourished. Further, she has come to appreciate the balance between being a team member and an individual contributor, recognizing her strengths derived from her military service, extensive business experience, and especially from being a mother. Another of Mrs. Mulvenna’s key differentiators is her profound passion for health care. This, coupled with her deep knowledge of the field, is infectious, as she brings a positive attitude to her work and remains upbeat even in challenging situations.
Mrs. Mulvenna’s professional journey began with military service as a pharmacy technician, graduating from the U.S. Army Medical Center of Excellence and serving in the U.S. Army from 1991 to 1993. This foundational experience laid the groundwork for her subsequent achievements in management, pharmacy, health care, managed care, and the pharmaceutical industry. Her educational background includes coursework at The University of New Orleans. She is a self-proclaimed autodidact and constantly seeks to improve her personal and industry knowledge. Ascribing her success to her ambition, determination, and strong work ethic, Mrs. Mulvenna’s career trajectory has been significantly influenced by her long-held ability to secure positions through vendor or client referrals, reflecting her knack for building strong professional relationships.
In addition to her professional accomplishments, Mrs. Mulvenna actively donates to civic organizations such as the American Cancer Society and St. Jude Children’s Research Hospital. She has also sponsored local political causes related to women’s issues, specifically women’s health. Her varied contributions in professional and outside arenas have been recognized with honors like the NADONA/Ocean Spray Award for Best Antibiotic Stewardship Program in 2019 as well as a nomination for Employee of the Year at Erickson Senior Living in 2018. Moreover, Mrs. Mulvenna has shared her expertise by writing articles for professional journals, participating as a speaker on panels and conventions, and appearing as a guest on relevant podcasts, further establishing her as a thought leader in her field.
Looking ahead, Mrs. Mulvenna will remain committed to raising public awareness about effective pharmacy benefit practices and empowering patients and plan sponsors. When her career winds down, she envisions transitioning into consulting roles where she can leverage her extensive experience to help businesses optimize their pharmacy benefits. Her pragmatic approach involves setting rigid goals while remaining flexible in achieving them as she continues to positively impact the industry. Outside of her career and civic involvements, Mrs. Mulvenna – married to Daniel Bryan Mulvenna with three children, Jack Watson, Bryce Watson, and Trey Watson – enjoys time with her family, singing, traveling, practicing Pilates and yoga, meditating, and reading books.