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

"Not an OK solution to not being able to afford meds"

"Michael Rea worked at Walgreens for several years and grew somewhat numb to questions and negative comments about the cost of prescription drugs. He didn?t think a trained pharmacist could do anything to help them, so he often directed customers to their insurer or HR department.

But one customer changed that. Helping her triggered in him a domino effect for a business opportunity: Convert his tedious method for saving one person money into a patented algorithm that saves many people money."

  • By Ashley Jost
  • |
  • July 10, 2015

Rx Savings Solutions CEO, Michael Rea listed as a 2015 NextGen Leader

The 2015 NextGen Leaders program released a list of individuals who, they feel, we will all see more of in the coming years. On that list is Rx Savings Solution's CEO, Michael Rea.

"This program is designed to celebrate the accomplishments of the honorees as well as to give them exposure to the present generation of area leaders and help them build connections with each other, and with past and future NextGen classes."

  • By Katie Bean
  • |
  • July 10, 2015

Rx Savings Solutions to Partner With Mid-America Coalition on Health Care

Overland Park's Rx Savings Solutions has just landed another major client, right here in Kansas City.

The Mid-America Coalition on Health Care will now offer Rx Savings Solutions' platform to its members, who include more than 60 of the largest employers and health care organizations in the metro area.

  • By James Hart
  • |
  • May 13, 2015

Contact Us

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