RxBenefits Revenue and Competitors

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Location

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Total Funding

Health

Industry

Estimated Revenue & Valuation

  • RxBenefits's estimated annual revenue is currently $288M per year.(i)
  • RxBenefits's estimated revenue per employee is $378,000

Employee Data

  • RxBenefits has 762 Employees.(i)
  • RxBenefits grew their employee count by 18% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$288M76218%N/AN/A
#2
$69.8M235N/AN/AN/A
#3
$17.7M8811%N/AN/A
#4
$4M259%N/AN/A
#5
$5.1M3332%N/AN/A
#6
$5.1M33-15%N/AN/A
#7
$4.3M2822%N/AN/A
#8
$4.3M28155%N/AN/A
#9
$13.9M6928%N/AN/A
#10
$6.9M3915%N/AN/A

RxBenefits is a full-service pharmacy benefits advisory firm, serving employee benefit consultants and their self-insured, mid-market employer clients for more than 22 years. Our client-focused pharmacy model offers aggregate pricing, concierge service and independent, strategic clinical management that clients won't get with any other pharmacy administrator. We combine the purchasing power of a Fortune 100 company, while providing the level of service and clinical management youd expect from a smaller pharmacy benefit manager (PBM). Consolidation in the PBM industry has created a cost, service and clinical void in the PBM marketplace for mid-market employers. The RxBenefits core business model involves leveraging traditional PBM functions from our PBM Partners and tailoring those for our middlemarket clients with a degree of separation, so we can focus on your client's needs. With our expertly managed, independent approach, clients experience an average 2.7% annual drug trend, compared to 10.3% nationally.

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Total Funding

762

Number of Employees

$288M

Revenue (est)

18%

Employee Growth %

N/A

Valuation

N/A

Accelerator

RxBenefits News

2022-04-20 - BBJ's Best Places to Work for 2022 unveiled - Birmingham ...

RxBenefits Inc. Warren Averett - Birmingham. RELATED: See the 2021 Best Places to Work. In This Article. Avadian Credit Union Company...

2022-03-22 - Abacus Insights Appoints Mark Caron, Chief Technology Officer at RxBenefits to its Board of Directors - B

Before joining RxBenefits, Caron was chief executive officer at Geneia, a subsidiary of Capital BlueCross, that provided analytic solutions and...

2021-08-24 - RxBenefits Survey: Nearly Half of Americans (49%) Have Experienced Challenges Obtaining Specialty Medications

Knowing consumers are willing to change jobs to secure medication coverage, it's imperative employers identify ways to reduce the cost of pharmacy benefits without reducing value and care for employees. BIRMINGHAM, Ala. (PRWEB) August 24, 2021 Today, RxBenefits, the employee benefits industry’ ...

2021-08-04 - RxBenefits Poised to Join Forces with Confidio, Creating A Leading Pharmacy Benefit Optimizer

Joining forces with Confidio marks the beginning of an exciting new chapter for RxBenefits as we advance our strategic vision to deliver a more affordable, clinically superior prescription benefit for the good of both plan sponsors and healthcare consumers. BIRMINGHAM, Ala. and TOWSON, Md. (PRW ...

2021-06-29 - RxBenefits Rapidly Expands Team & Leadership Bench to Meet Growing Demand, Adds Executives in Operations and Business Development

With the addition of these tenured industry leaders, our company will continue to innovate the pharmacy benefits industry and provide unprecedented service to clients. BIRMINGHAM, Ala. (PRWEB) June 29, 2021 RxBenefits, the employee benefits industry’s first and only technology-enabled pharmacy ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$220.7M772N/AN/A
#2
$15M79723%N/A
#3
$313.9M8132%$42.4M
#4
$186.2M8161%N/A
#5
$322.8M854N/AN/A