We educate, motivate and empower consumers of prescription drugs to save money.Our Solution
As pharmacists we recognized
the need for a solution to increasing
healthcare costs and proved we can create extraordinary savings for our members.
Prescription drug expenses are rising at alarming rates and make up a large portion of benefit-related expenses for employers. According to Kaiser Permanente, medication-related costs increased an average of 11% annually from 1996-2008. Most employers are not equipped to effectively manage this expense on their own. Rx Savings Solutions is a company advocating for employers and incented to align with them to address this problem together.
Rx Savings Solutions was established in 2008 with one goal in mind – to educate, motivate and empower consumers of prescription drugs to save money. This continues to be a focus of our service; however, the company simultaneously focuses on saving payers, namely self-insured employers, money as well. In fact, historical data has shown employers save an average of 5-6 times what their employees experience.
We use a patented software platform to deliver our solution to employers and their covered members. By using our service to educate employees on savings opportunities, employers can rely on their employees to make the right choice thus saving both parties money. Rx Savings Solutions supports a collaborative approach where employers offer our consumerism solution in order to deliver proper information to their employees, which ultimately leads to savings for everyone.
To engage and empower consumers of healthcare by providing them with information they have a right to know.
Shahryar Qadri is a seasoned health information technology leader. Shahryar spent 11 years at Cerner in a variety of engineering and managerial roles including developing data warehouses, implementing business intelligence strategies, designing systems for real-time eligibility and claims adjudication, creating a Third Party Administrator organization and leading edge development for on-site health centers, wellness programs and provider networks. Shahryar received his undergraduate and graduate education in computer science from Creighton University.
Brandy Rea has a wealth of experience in corporate law, including facilitating mergers and acquisitions, negotiating complex contractual arrangements, and assisting in corporate governance and management. Before joining Rx Savings Solutions, Ms. Rea specialized in providing her legal expertise to entities in the health care industry, including to pharmacies and pharmacy benefit managers. Ms. Rea not only advised such clients on corporate legal matters but also assisted health care entity clients in navigating through complex health care laws and regulations. Ms. Rea graduated from Creighton University School of Law, magna cum laude.
Over the past 10 months, the discussion about drug prices in the United States has never been so hotly debated. It has sparked interest and concern from every angle - individual consumers, employers and health plans - no one is immune from the financial pain. The media and political interest on the topic has brought the focus into the living room of every American household.
While regulation of drug prices set by manufacturers is being called for on a more routine basis, I don't believe it will solve the problem. To combat and fight back against all of the economic forces that affect drug prices, we must empower those people making the choices about what to buy, where to buy it and whether or not they'll make the purchase at all.
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