“I don’t think they can ever know all the ways the money moves around because there are so many layers, between the wholesalers and the pharmacies and the manufacturers.” Gary Claxton, a senior vice president KFF. This KFF Health News article by Arthur Allen highlights findings from a recent KFF survey of employers, underscoring growing concerns about PBMs and their impact on the prescription drug benefits employers provide to millions of Americans. The message is clear: Employers must reevaluate their PBM partnerships now. Many PBM contracts contain hidden clauses that siphon off dollars from employers and employees, driving up costs and reducing benefits. With major PBMs under scrutiny and the CAA’s fiduciary requirements in play, vigilance is more critical than ever. Employers are increasingly seeking solutions that offer cost transparency and improve medication access. They need partners committed to the lowest net cost rather than those prioritizing rebates or pushing higher out-of-pocket expenses onto patients. The KFF survey signals a shift needed in the PBM industry. It’s time to build trust, ensure transparency, and put patient care first. AffirmedRx is here to drive that change. https://lnkd.in/eMcbnfeV Antonio Ciaccia Mark Cuban
AffirmedRx, a Public Benefit Corporation
Hospitals and Health Care
Louisville, KY 5,101 followers
Patients over Profits - We are dedicated to designing a PBM solution that is ideal for your members and for you.
About us
AffirmedRx, PBC, is on a mission to improve health care outcomes by bringing integrity, clarity and trust to pharmacy benefit management. As the only pharmacy benefit manager focused on Patients over Profits, we are committed to making pharmacy benefits easy to understand, straightforward to access and always in the best interest of employers and the employee lives they impact. We accomplish this by bringing total clarity to business practices, leading with clinical approaches and utilizing state-of-the-art technology. We promise to do what’s right. Always. https://youtu.be/NMEl64N7t9c?si=BJuNDXK67CvYJ2zv
- Website
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http://www.AffirmedRx.com
External link for AffirmedRx, a Public Benefit Corporation
- Industry
- Hospitals and Health Care
- Company size
- 11-50 employees
- Headquarters
- Louisville, KY
- Type
- Privately Held
- Founded
- 2021
- Specialties
- PBM, Pharmacy Benefit Management, Healthcare Analytics, Healthcare, Pharmaceuticals, Healthcare IT, Pharmacy Benefits Management, Prescription Drugs, Pharmacy Benefit Administration, Clinical Services, Clinical Expertise, Health Technology, and Benefit Strategy
Locations
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Primary
Louisville, KY, US
Employees at AffirmedRx, a Public Benefit Corporation
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Bryson Bryan, MA, CCMP, PHR, LAC
Chief Human Resources Officer at AffirmedRx, PBC
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Terri (Schoenecker) Cisneros, MBA
Director of Strategic Initiatives and Operational Excellence | Process Improvement | Chief of Staff | C-level Advisor | Helping companies implement…
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Katie Marks
VP, Marketing for AffirmedRx, PBC
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Erika Thompson Tennant
Reporting and Analytics Strategist at AffirmedRX, a Public Benefit Corporation
Updates
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National Pharmacy Month🎉 October is American Pharmacists' Month, and at AffirmedRx, we're proud to honor the incredible contributions of pharmacists everywhere. 🎉 Your expertise, compassion, and dedication to patient care make a profound impact on the health and well-being of our communities. Thank you for your tireless efforts, especially during these challenging times. Let's celebrate pharmacists as the unsung heroes of health care! #AmericanPharmacistsMonth #AffirmedRx #PharmacyHeroes 💊
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⭐ Employee Spotlight Meet Robert W Nolan, Chief Compliance Officer at AffirmedRx! His favorite quote is: "The time is always right to do the right thing." -Martin Luther King, Jr. #AffirmedRx #PBC #PBM #PatientsOverProfits
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𝗛𝗼𝘄 𝗩𝗲𝗿𝘁𝗶𝗰𝗮𝗹 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗪𝗼𝗿𝗸𝘀 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗣𝗮𝘁𝗶𝗲𝗻𝘁𝘀 The Kentucky Attorney General’s complaint sheds light on how Express Scripts' vertical integration—their role as a 𝗣𝗕𝗠, 𝗱𝗮𝘁𝗮 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿, 𝗮𝗻𝗱 𝗺𝗮𝗶𝗹-𝗼𝗿𝗱𝗲𝗿 𝗽𝗵𝗮𝗿𝗺𝗮𝗰𝘆—was exploited to prioritize profits over patient safety. With control over multiple parts of the prescription drug supply chain, Express Scripts had unique insight into prescribing patterns, medication use, and patient behavior. 𝗧𝗵𝗲𝘆 𝗸𝗻𝗲𝘄 𝗼𝗿 𝘀𝗵𝗼𝘂𝗹𝗱 𝗵𝗮𝘃𝗲 𝗸𝗻𝗼𝘄𝗻 about dangerous trends in the Commonwealth, such as: • 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗼𝗻 𝗮𝗻𝗱 𝗺𝗶𝘀𝘂𝘀𝗲 of controlled substances. • 𝗗𝗼𝗰𝘁𝗼𝗿 𝘀𝗵𝗼𝗽𝗽𝗶𝗻𝗴 by individuals seeking multiple prescriptions. • 𝗢𝘂𝘁𝘀𝗶𝘇𝗲𝗱 𝘂𝘀𝗲 𝗼𝗳 𝗵𝗶𝗴𝗵-𝗿𝗶𝘀𝗸 𝗺𝗲𝗱𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 that signaled potential abuse and overdose. Rather than using this power to 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝗽𝗮𝘁𝗶𝗲𝗻𝘁𝘀, curb harmful prescribing patterns, and prevent fraud, Express Scripts allowed these dangerous behaviors to persist. By prioritizing profits and market share, their vertical integration contributed to the very opioid crisis they should have helped mitigate. True healthcare leaders must use their influence to safeguard patients, ensure proper medication use, and 𝗽𝗿𝗼𝗺𝗼𝘁𝗲 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻—not to fuel practices that put lives at risk. At AffirmedRx, we believe 𝘃𝗲𝗿𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗰𝗿𝗲𝗮𝘁𝗲𝘀 𝗱𝗮𝗻𝗴𝗲𝗿𝗼𝘂𝘀 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁𝘀 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁—which is why we take a different approach. Unlike many in the PBM space, AffirmedRx: • 𝗗𝗼𝗲𝘀 𝗻𝗼𝘁 𝗼𝘄𝗻 𝗽𝗵𝗮𝗿𝗺𝗮𝗰𝗶𝗲𝘀 or have a stake in fulfillment, allowing us to provide unbiased recommendations on the most appropriate medications. • Operates with 𝗳𝘂𝗹𝗹 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆—passing 100% of rebates to our clients and ensuring every decision is made with patients in mind, not profit. • Prioritizes 𝗹𝗼𝘄𝗲𝘀𝘁 𝗻𝗲𝘁 𝗰𝗼𝘀𝘁 and the best clinical outcomes, without hidden incentives or formulary manipulation. We’re proud to be a PBM that is 𝗳𝗿𝗲𝗲 𝗳𝗿𝗼𝗺 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁𝘀 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁, committed to 𝗽𝘂𝘁𝘁𝗶𝗻𝗴 𝗽𝗮𝘁𝗶𝗲𝗻𝘁𝘀 𝗳𝗶𝗿𝘀𝘁, and 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗵𝗲𝗮𝗹𝘁𝗵 𝗽𝗹𝗮𝗻𝘀 to ensure the most effective care at the most affordable price. 𝗧𝗿𝘂𝗲 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗺𝗲𝗮𝗻𝘀 𝗯𝗲𝗶𝗻𝗴 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗹𝗲, 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁, 𝗮𝗻𝗱 𝗶𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁. At AffirmedRx, that’s exactly what we stand for. #PBMReform #PatientFirst #TransparencyMatters #HealthcareAccountability #AffirmedRx
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🔍 Addressing the Challenges of PBMs for Better Patient Access 🔍 In this insightful interview, Fred Barton, one of the driving forces at AffirmedRx, shares his expertise on the critical need for transparency in the pharmacy benefit management space. Fred breaks down the complexities of the industry, highlighting how PBMs can either contribute to rising healthcare costs or be part of the solution. At AffirmedRx, we're on a mission to reshape the industry by putting patients and employers first, offering full transparency and true accountability. Fred’s leadership and deep knowledge guide us as we work toward a future where PBMs are advocates, not gatekeepers. Learn more about how AffirmedRx and Fred Barton are leading the charge for healthcare reform and making pharmacy benefits clearer and more affordable for all. 💡 https://lnkd.in/ep5nhNSJ #PBMReform #HealthcareTransparency #FredBarton #AffirmedRx #PharmacyBenefits #PatientAccess #HealthcareInnovation
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What strategies should employers consider to effectively improve employee health outcomes?💡 Mark Cuban: "Leave the big three PBMs and work with a pass-through PBM. It's that simple. For some bigger companies, there are millions, if [not] tens of millions of dollars, available to them if they would switch PBMs." Demonstrating his commitment through action, Mark Cuban chose to work with AffirmedRx, a Public Benefit Corporation for the Dallas Mavericks. His decision highlights the growing risk employers face by sticking with the traditional three big PBMs, and the potential benefits of switching to a transparent PBM like AffirmedRx. Employers, it's time to consider a partner that works for both you and your employees' best interests. Follow Mark Cuban's lead and explore how AffirmedRx can transform your employee health outcomes. Transparency isn’t just a buzzword; it’s the future of pharmacy benefits. Read more in the full article: https://lnkd.in/evpVmrcm #HealthcareInnovation #PharmacyBenefits #CostSavings #Transparency #EmployerBenefits #AffirmedRx #CostPlusDrugs
Mark Cuban to employers: Save millions with 1 move
beckershospitalreview.com
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Happy HR Professionals Day! 🌟 At AffirmedRx, we extend our sincerest gratitude to our exceptional HR team and HR professionals everywhere. Your dedication to talent management, fiduciary responsibility for health plans, employee well-being, and organizational success is truly invaluable. Thank you for all you do to support our team and foster a positive work environment. Here's to celebrating your hard work and dedication today and every day! #HRProfessionalsDay #AffirmedRx #HRHeroes 💼🌟
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AffirmedRx is proud to be part of the Innovation Roundtable, A World 50 Group Community! Welcome to the future of healthcare 💡
Our Employer Health Innovation Roundtable is officially underway in Atlanta, GA! A huge shout out to our presenting and alumni innovators for bringing their cutting-edge solutions to the table. We're inspired by the innovative thinking on display and excited to explore how these ideas will shape the future of healthcare. Thank you all for your contributions and for driving meaningful change with us! AffirmedRx, a Public Benefit Corporation Ayble Health Artemis by Nomi Health Bluespine finHealth Form Health HealthPlan Data Solutions Health Analytics Connect Memorial Sloan Kettering Cancer Center Midi Health Milu Health Noom RethinkCare Rightway SmithRx SmartLight Analytics Springbuk Spring Health Turquoise Health XP Health #EHIRFall2024
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AffirmedRx, a Public Benefit Corporation reposted this
We like to partner with people you can trust – and that includes AffirmedRx, a Public Benefit Corporation. We are partnered with them so employers can offer transparent and fair drug prices to their employees. Learn more about our partnership at https://pbghpa.org/rx/ We were thrilled they could join us at our Symposium as both a sponsor and speaker! We truly value this partnership. Read more on how AffirmedRx tackles transparency at https://lnkd.in/eNCUqA-m. Interested in incorporating AffirmedRx into your benefits? Contact Maurice Notkin at [email protected]. #PBGH #PBGHPA #PeopleYouTrust #PBM #transparency Greg Baker Kristin Stadler
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Happy World Pharmacists Day! 🎉 Today, we celebrate the incredible contributions of pharmacists worldwide, including our dedicated team at AffirmedRx. Your expertise, compassion, and unwavering commitment to patient care make a difference in countless lives every day. Thank you for your invaluable role in promoting health and wellness within our communities. Here's to the pharmacists who truly make a difference! #WorldPharmacistsDay #AffirmedRx #PharmacyHeroes 💊