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.

Michael 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 Revenue 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.

    Shahryar Qadri

    / Chief Technology Officer

    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

    / 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

American Century Investments To Fuel Employee Savings With Rx Savings Solutions' Healthcare Engagement Platform

American Century Investments®, a leading privately-held investment management firm, announced today a new partnership with Rx Savings Solutions designed to provide better, more affordable healthcare for employees. By activating Rx Savings Solutions' patented technology, American Century Investments will help reduce costs, reduce complexity and empower employees to be more engaged consumers of healthcare. The solution will be available to all American Century Investments employees and health plan members.

  • November 2, 2015

Blue KC Implements Rx Savings Solutions' Innovative Platform To Optimize Prescription Drug Spend

Blue Cross and Blue Shield of Kansas City (Blue KC) has selected Rx Savings Solutions to provide Blue KC members with state-of-the art healthcare software to help them save money on prescription drugs. Rx Savings Solutions provides an online tool that alerts members via text message or email when a savings opportunity exists for prescriptions accessible in their pharmacy network. This can be a combination of optimizing clinical therapies or finding lower pricing at local pharmacies.

  • October 13, 2015

Investors inject $2.7M into health care software company

The Overland Park company, which announced the latest investment Tuesday, is using the capital to boost its sales and marketing department with a goal of raising its brand awareness not just locally, but nationally, Rea said.

With the funding injection, Rx Savings hired three new sales execs and a new chief technology officer, Shahryar Qadri, who most recently worked at Cerner Corp. as a managing architect. Rx Savings also hired three software engineers, who will add new features and functionality to the website and increase efficiency.

  • By Leslie Collins
  • |
  • September 22, 2015

Contact Us

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