Market Overview

RxBenefits Launches Enhanced Pharmacy Benefits Solution for Hospital Partners

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Industry veteran Nathan White leads efforts, saving hospital partners
up to 35 percent

RxBenefits, a full-service pharmacy benefits advisory firm, is pleased
to introduce its latest innovation, a tailored and flexible approach to
managing hospital pharmacy benefits. Providing customized support to
hospital employer groups for more than 22 years, RxBenefits uncovered a
need to devote greater focus to the development of pharmacy benefits
solutions tailored for hospitals and health systems. The RxBenefits
approach bridges the gap between hospital-specific resources and the
traditional pharmacy model – in an enhanced solution that accounts
for a hospital's dual role as an employer and provider.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180820005586/en/

Nathan White, Vice President of Hospital and Strategic Markets at RxBenefits (Photo: Business Wire)

Nathan White, Vice President of Hospital and Strategic Markets at RxBenefits (Photo: Business Wire)

"For more than two decades, RxBenefits has successfully delivered
aggregate pricing terms, concierge service and strategic clinical
management to our clients," said Bryan Statham, CEO of RxBenefits.
"We've identified a major gap in how pharmacy benefits are managed in
the hospital employer space. Each hospital is unique and requires a
specialized pharmacy management solution to address their specific
challenges. It's exciting to see our services help hospital employers
leverage their own resources and opportunities to achieve their pharmacy
benefits savings and access objectives."

The more than $962 billion hospital landscape in the U.S. has become
increasingly complex. Over the past decade, the significant changes in
the market have created financial constraint for hospitals, resulting in
the need for controlling costs. From hospitals utilizing prescription
medications 10-15 percent more than commercial employers, to specialty
medications becoming the largest driver of cost increases facing
hospital employers, the need for a customized hospital solution has
never been greater.

Owned resources unique to hospitals, like on-site retail and/or
specialty pharmacies, 340B/group purchasing, or own-use pricing, are not
prioritized or optimized by traditional pharmacy benefit models.
Providing best-in-class consultative services, through an account team
that is well-versed in the hospital space, RxBenefits is better equipped
to address the unique needs of its hospital clients. Since its September
2017 launch, RxBenefits' hospital solution has disrupted the market by
identifying impactful contract and clinical opportunities that are
unique to each hospital, achieving measurable results that include an
average savings of 25-35 percent for more than 100 hospital partners
nationwide.

Industry veteran Nathan White leads the hospital program, applying
nearly two decades of experience to providing expert leadership and
oversight to both hospital and healthcare clients. By blending a
background in health care industry relations and hospital account
management, White is uniquely positioned to pinpoint the exact needs of
an organization and save them money while providing top-notch service.

"We are committed to delivering a best-in-class, flexible service
offering tailored to each hospital's individual needs by optimizing
health system resources and fully leveraging the capabilities of our
pharmacy benefit managers (PBM) partnerships," said White, who serves as
Vice President of Hospital and Strategic Markets. "We deliver value to
our hospital clients by enhancing their margins while improving employee
satisfaction, health outcomes and lowering absenteeism."

Clients utilizing RxBenefits' hospital solution can expect
year-over-year pricing improvements, full visibility and client-specific
guaranteed terms. For more information, visit www.rxbenefits.com.

About RxBenefits

RxBenefits is the nation's leading independent pharmacy benefits
administration firm, serving employee benefit consultants (EBCs) and
their self-insured employers for more than 22 years. We are a trusted
pharmacy advisor and strategic resource, providing in-depth pharmacy
assessments, tailored clinical management solutions and superior service
to employer clients and members. Our collective size allows employers of
all sizes the ability to access the best pricing and level of service
available to the nation's largest corporations, resulting in lower drug
costs and improved health outcomes. Founded in 1995, RxBenefits is
headquartered in Birmingham, Alabama. For more information, visit www.rxbenefits.com.

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