Put Our Expertise to Work for You

Pharmacy Benefits Consulting is all we do. And no one in our industry does it better. Our promise is to hold PBMs accountable so that you can offer the best benefits possible to your plan members at a cost that works with your budget. It’s a bold promise we back up with unsurpassed PBM experience, practical experience as pharmacists and contract analysis expertise to drive pharmacy cost containment.

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Who We Are

Innovative Rx Strategies is a pharmacist-led team of PBM and pharmaceutical industry veterans advocating for what’s in the best interest of you and your team. No other independent pharmacy benefits consulting firm offers the same level of proficiency and real-time data analysis to deliver insights that matter most. We are committed to one mission—breaking down a complex industry to save you money on your benefits programs. Imagine a pharmacy benefits program that not only saves money but also supports employee health, enhances budget predictability and strengthens your company's competitive edge. It's all possible with Innovative Rx Strategies.

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We’ve changed thousands of lives.

Health System Saves Over 
$34 Million on Pharmacy Benefits
Health System Saves Over 
$34 Million on Pharmacy Benefits
Through Innovative’s RFP process and clinical innovation, a health system realized sustained savings that totaled over $34 million.
Client Size: 25,000 lives
Realized Savings: $24,000,000
Case Study
RFP and Customization Identifies 
Over $14M in Savings to Health Plan
RFP and Customization Identifies 
Over $14M in Savings to Health Plan
Innovative implemented its proprietary RFP process and identified flexible solutions which enabled a health plan to save over 50% on their pharmacy benefits spend.
Client Size: 28,000 lives
Realized Savings: $14,683,937
Case Study
TPA Saves Clients More Than $4.3M
TPA Saves Clients More Than $4.3M
Innovative became the sole consultant for this TPA, unifying their approach to pharmacy benefits, improving contracts and service and saving the TPA’s clients millions.
Client Size: 15,000 lives
Realized Savings: $4,398,129
Case Study
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Innovative Rx Strategies by the Numbers

At Work for You

$429M

We reviewed $429,000,000 
in Rx claims in 2023

466,000

Across employer, broker, TPA and health plan clients, we managed the claims of 466,000 lives

$85M

Identified savings equaled 20% of the total claims reviewed

98%

Client retention rate in 2023

What More Could You Do?

Imagine what you could do to build a more competitive workforce and do more for your employees. Our clients round an average of 35% in savings for their pharmacy claims spend with our RFPs in 2024. Our no-risk, no obligation pharmacy benefits savings assessment is all you need to take control of your pharmacy benefits expenses.

Get the Benefits Your Company and Employees Deserve.

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Zero Risk. Zero Disruption.

Our clients save a minimum of 15% with no changes to plan design or clinical programs. Average clients save 30% in their first year. Get in touch with our team for our no risk assessment and to discover how Innovative Rx can save on your pharmacy benefits.

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