Experience

Innovative Rx Strategies

• United States
• Business Consulting and Services
• 1 - 100 Employee

• Vice President of Business Development

  • Feb 2010 - Present

  Health care spending is rising at an unprecedented rate. The Department of Health and Human Services projects that U.S. drug spending will increase 148% from $200 billion in 2005 to $498 billion in 2016. Pharmacy benefits are one of the fastest growing healthcare expenses due to the introduction of high cost drug therapies and because doctors are prescribing more maintenance medications for an aging population. The rising costs for prescription drugs highlights the need for a better understanding of the pricing of pharmacy benefit services and the need for creative approaches to lower your prescription drug costs. Pharmacy benefits are typically outsourced to pharmacy benefit managers, or PBMs, that limit their business to managing pharmacy benefits. PBMs contract directly with employers and payers of all sizes to administer the pharmacy benefit portion of their pharmacy benefit plan and provide related services. The types of services and pricing provided by a PBM are very complex and not well understood by most purchasers of PBM services. Employers and payers can benefit from the consulting services of people who have inside working knowledge of the PBM, retail pharmacy and pharmaceutical industries. Innovative Rx Strategies, a subsidiary of the PBM and Pharmacy Law Group, is a premier pharmacy benefits consulting company with just that kind of inside knowledge. Our singular focus is to identify opportunities to lower prescription drug costs for our clients through enhanced plan benefit designs, improved PBM contracting, PBM pricing analytics and auditing. We have the experience and inside knowledge of working with thousands of employers to maximize the value of their pharmacy benefits. Show less



Trick Drums

• VP

  • 2003 - 2008