Let us begin our story by telling you who and what we are not. RxBenefits is not a pharmacy benefits manager (PBM), coalition, or third-party administrator (TPA).
Founded in 1995, Birmingham, AL-based RxBenefits is the employee benefit industry’s first technology-enabled pharmacy benefits optimizer (PBO).
We are a growing team of more than 700 pharmacy pricing, contract, service, technology, data, and clinical experts that work together as one team towards one common goal: putting the benefit back in pharmacy benefits.
We focus exclusively on helping employee benefit consultants, and their self-insured clients, access and deliver an affordable, best-in-class pharmacy benefit.
A best-in-class pharmacy benefit has an optimized:
• Service experience
"In an industry run by giants, we level the playing field for employee benefits consultants and their clients."
What We Do
At RxBenefits, we work exclusively through employee benefit and pharmacy consultants to help self-insured employers maximize the value they and their members receive from their pharmacy investment. Our unique pharmacy benefits solution creates more value for plan sponsors and their members in three ways:
How We Do It
RxBenefits manages millions of member lives and billions of dollars in annual pharmacy spend. Combined, our aggregate book of business gives us the same negotiating purchasing power as Amazon and Home Depot combined. In an industry run by giants, we level the playing field for employee benefits consultants and their clients.
Because of our leverage, we have negotiated a unique arrangement with the Big 3 PBMs that resulted in connecting our proprietary platform directly to the PBM systems. As a result, we can deliver exceptional professional services (which span onboarding and implementation, account management, client and member services, and billing), completely independent of the PBM.
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