Pharmacy Benefits Results
Our clients save a minimum of 15% on their Rx costs in the first year. And on average, 33%.
Check out our client successesInnovative Rx Difference
What could you do with 7-figure savings?
Are you getting the best pricing from your PBM? The truth is — most employers don’t know. While you shouldn’t have to understand the complexities of the PBM industry, you also shouldn’t pay your PBM more than you have to.
No one can save you more on your pharmacy benefits than a pharmacist.
That is why Apex partners with Innovative Rx Strategies to provide custom solutions to our clients. Innovative is a national firm led by pharmacists — and that makes a difference. They employ six clinical pharmacists, several former pharmaceutical and PBM industry executives and a health care attorney.
If you want to do more for your organization and employees, we can help you save money — funds you can reinvest elsewhere — by getting greater performance and accountability from your PBM.

Innovative Solutions.
Maximum Value.
Our Services
No other independent consulting firm offers the same level of proficiency across the pharmacy, PBM and health care industries as Apex partnered with Innovative Rx Strategies. Our mutual promise is to hold PBMs accountable and do the heavy lifting so our clients realize the best pricing possible from PBMs. And we make sure that discounts, rebates and other manufacturer-derived revenues pass through to you and your members, instead of to the PBMs’ profit margins.
Pharmacy Benefit Savings Assessment
With pharmacy costs accounting for nearly half of total employer health care spend, it’s more important than ever to proactively manage pharmacy costs by taking greater control of PBM contract terms. Our assessments are the most effective way to determine if a current PBM contract has shortcomings or if a PBM is failing to meet its responsibility to provide the highest quality pharmacy benefits at the lowest cost.
The no-risk, no-obligation review includes:
- Review of your current PBM contract and your most recent 12-months of claims data
- A promise of no disruption to your current PBM relationship or plan members
- Transparent and unbiased findings — if we can’t help you save, we don’t get paid
Pharmacy Benefits Plan Design
We take a consultative approach to customizing pharmacy benefit plans that strike a balance between cost containment, patient utilization and accessibility, and optimal patient health outcomes. Our pharmacists identify the most appropriate plan design options, clinical programs, and specialty drug alternatives to help you meet your business goals.
Services and benefits include:
- Customization of formulary to drive to lowest net cost utilization
- Management of specialty drugs to minimize impact of high-cost claims
- Maximization of generics and optimization of rebates to save you and you plan members more
- Updates on future impact of pharmacy trends and pharmacy benefit legislation
PBM RFP and Vendor Management
Our team leads the day-to-day account management of the vendor relationship and holds the PBM accountable for operational excellence. Our vendor-agnostic approach allows us to deliver pharmacy benefits solutions that match clients with the services they need — at the best pricing possible.
Services and benefits include:
- Managing the PBM RFP process and negotiating the final agreement
- Navigating the ins-and-outs of pricing and contract complexities while protecting client interests at every turn
- Vetting and sourcing PBMs when change is necessary
- Conducting annual reconciliations and monitoring client-specific performance guarantees
Pharmacy Claims Surveillance
Innovative pharmacists continuously monitor benefit program performance and pharmacy claims, leveraging data and their practical expertise, clinical and financial analysts provide actionable insights to make sure clients receive the greatest value possible from their pharmacy benefits investments.
Services and benefits include:
- Regular reviews of pharmacy claims data and reporting on employee health risks and utilization trends
- Evaluation of high-cost drug claims on medical plan for possible cost-savings solutions that minimize member disruption and maximize health outcomes
- Negotiation direct with PBMs and health care providers when necessary to implement solutions
Medical Claims Surveillance
Our team of clinicians and analysts manage risk by continuously reviewing the pharmacy claims that come through your medical plan. They proactively identify opportunities to mitigate financial risk to the organization and improve the health of plan members — with little to no member disruption.
Services and benefits include:
- Regular reviews of medical claims data and reporting on employee health risks and utilization trends
- Analysis of short- and long-term risk to the plan as well as opportunities to optimize treatment cost without impacting member care or health outcomes
- Direct negotiation with health care providers and carriers when necessary to implement cost-savings solutions
Unrivaled Expertise
Realize pharmacist-led, member-focused savings no other broker can match.
Explore Innovative Rx StrategiesOur Team
Client Success Stories
- June 15, 2023
County Saves Millions with RBR and Changes to Pharmacy Benefit
A county government with over 450 employees partnered with Apex to implement reference-based reimbursement and saved millions over 7 years, decreasing their PEPM costs in the process.
- May 15, 2023
Global Manufacturer Saves Over $10.5 Million on Pharmacy Benefit
A no-risk, no-obligation review of the current PBM contract and recent claims uncovers over $10,500,000 in savings for a global manufacturer.
- July 19, 2022
Client Realizes Nearly $3M in Rx Savings in One Year
After reviewing the language of the pharmacy benefit management (PBM) contract that determined the terms and cost variables, savings opportunities were identified without changing any benefits to employees.
- August 10, 2022
$2.4M in Rx Cost Savings Identified for Financial Sector Client
Working closely with the insurance company’s reinsurance and pharmacy teams, the Kinetiq Health team came up with a solution to purchase the treatment directly from the manufacturer at actual cost while the hospital continued administering the dependent’s infusion therapy each …
- March 23, 2022
Stop Loss and Medical Plan, Rx Savings Result in Richer Benefits
MSD of Wayne Township was dedicated to employee health and wellness prior to engaging with Apex Benefits and its Kinetiq Health team in late 2019. While mostly satisfied with their wellness program, the school system was looking for opportunities to …
- November 1, 2021
Apex Rx Expertise Helps Client Cut Spend By More Than a Third
The savings found were substantial for the client. After discounts, rebates and fees the annual identified pharmacy savings were $110,156 for the client. Apex also discovered additional savings through clinical and specialty drugs of another $100,581. Those combined savings cut …
- November 13, 2019
Substantial Rx Cost Savings Identified for Small Business
The team of Certified Pharmacy Benefits Specialists reviewed the employer’s pharmacy claims and pharmacy benefit manager (PBM) contract. Apex contract assessments include taking a deep look in to pharmacy benefit contractual terms.
- August 31, 2021
Client Sees Rx Spend Trimmed By More Than Half From Prior Year
A mid-sized company with diverse holdings in the food and entertainment sector with about 400 employees.
Recent Insights
- July 5, 2023
Kinetiq Health Well-Being Webinar | June 2023
Join Kinetiq Health Pharmacy Benefits Practice Lead, Megan Dorrell, PharmD, BCACP, as she demystifies the basic components of your pharmacy benefit, empowering you to make informed decisions about your healthcare.
- June 7, 2023
Wellness Wednesday: The Gift of Preventative Care
Your primary care team serves as your very own health care quarterback, especially when it comes to preventing negative health outcomes. But how do you find a primary health team that works for you? Sarah will help show you the …
- May 30, 2023
Wellness Wednesday: Setting Healthy Boundaries
Healthy boundaries are important but setting them can be uncomfortable. Here are some tips to take back control one boundary at a time.