BETTER HEALTH FOR LESS MONEY

We educate, motivate and empower consumers of prescription drugs to save money.

Our Solution

Our Solution

For Employers

Let the team at Rx Savings Solutions use their cost-saving methods to engage, educate and empower your employees to become wise consumers of prescription drugs. This benefit not only helps your employees save money, but greatly reduces your costs as well!

For Employees

There’s no hiding the fact that overall healthcare spending is on the rise, and prescription drugs are no exception. The Centers for Medicare and Medicaid Services projects that annual expenditures for prescription drugs could increase by 86% from 2011 to 2020.

As pharmacists we recognized
the need for a solution to increasing
healthcare costs and proved we can create extraordinary savings for our members.

Micheal Rea, PharmD
founder and ceo

The problem with prescription pricing

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.

Our bright idea

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.

Savings through analysis

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.

Our mission

To engage and empower consumers of healthcare by providing them with information they have a right to know.

Executive Team

    Michael Rea, PharmD

    / Founder and CEO

    Dr. Rea founded Rx Savings Solutions in 2008 after routinely witnessing consumers struggling to pay for their medications. He noticed quickly at that time that consumers were paying much more than they needed to, which was attributable to a lack of information available to them. He set out on his mission to arm consumers with this information and add efficiency and transparency back in to the world of pharmacy. Dr. Rea has been involved with research surrounding pharmacy transparency for over 10 years. He received his Doctor of Pharmacy degree from Creighton University.

    Douglas Besch, PharmD, MBA

    / Chief Operating Officer

    Dr. Besch has substantial experience working as both a transparency researcher and in retail pharmacy. He is the acting Chief Operating Officer and leads the Rx Savings Solutions team with day-to-day operations. Dr. Besch holds a doctor of pharmacy degree from the Creighton University School of Pharmacy and Health Professions and a master's degree in business administration from the Creighton University College of Business.

    Drew Komenda

    / Chief Strategy Officer

    Drew Komenda is a high performing veteran of the healthcare industry and a proven entrepreneurial leader. Drew spent more than a decade negotiating, consulting and working alongside physicians, hospital systems, group purchasing organizations and integrated delivery networks for Johnson & Johnson. Drew has a deep understanding of the business and substantive delivery of healthcare.

    Bo Lais

    / Chief Technology Officer

    Bo Lais has been involved with Rx Savings Solutions since it was formed in 2008. He leads the development and design teams in building out the functionality for the patent pending software. Lais has over 12 years of experience in IT design and development through a company he founded. He uses creativity and the latest technologies to take the Rx Savings Solutions vision and turn it in to reality.

    Brandy Rea

    / Chief Legal Counsel

    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.

Our Clients

Latest News

Prescription for Success

Michael Rea is on a mission to make prescription medications more affordable for the masses.

The founder and CEO of Rx Savings Solutions got the idea for his company while working as a pharmacist at a Walgreens store in Kansas City, Mo. One day, a regular customer asked for his advice in a simple yet startling way.

  • By Brian McTavish
  • |
  • February 9, 2015

BH Media Group Selects Rx Savings Solutions

BH Media Group, a Berkshire Hathaway company, has selected Rx Savings Solutions to provide a cost-effective answer to increasing prescription drug expenses. Rx Savings Solutions is the innovator behind a patented software system that helps organizations and their employees save money on pharmaceutical costs.

As the cost of healthcare continues to rise, employers are looking for solutions to help save money while still providing competitive benefits for their employees.

  • November 6, 2014

State of Kansas Selects Rx Savings Solutions to Slash State Employees’ Prescription Costs

OLATHE, Kan.--(BUSINESS WIRE)--Rx Savings Solutions, the innovator behind a Software-as-a-Service (SaaS) prescription transparency tool, has been awarded a contract by the State of Kansas to provide its prescription cost-saving solution to those covered under the State Employee Health Plan. The plan covers approximately 100,000 members which include current and retired employees and their families. Kansas becomes the first state in the U.S. to provide this type of prescription savings tool as part of a state employee health plan.

  • March 03, 2014

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