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Working at RxAdvance

Zippia score 4.5

Overview

SalaryRevenue

Reviews

CompetitorsCEO & Executives

RxAdvance overview

Industry
Insurance
Revenue
$2B
Headquarters
Employees
239
Founded in
Organization type
Private
The PBM industry, which manages over $300B in prescription drug-spending, provides limited and fragmented services forcing plan sponsors to outsource critical functions to multiple vendors making it difficult to manage avoidable drug-impacted medical risk. To accomplish optimal utilization of drug benefit, reduction in overall pharmacy costs, reduction in avoidable drug-impacted medical costs, and optimize specialty spend it is critical to engage members, physicians, pharmacists, and plan sponsor's clinical/pharmacy staff in the decision making process. At RxAdvance, such collaboration is delivered through Collaborative PBM Cloud™, resulting in a new paradigm of collaboration in the PBM industry. Collaborative PBM Cloud™ revolutionizes the delivery of actionable intelligence to the physicians at the point of care, pharmacists at the point of sale, members through mobile cloud, while effectively engaging the plan sponsor's clinical/pharmacy staff through case/care management workflows. The Collaborative PBM Cloud™ is also enabling RxAdvance to run at 40% less operating costs than any other PBM. This cost savings provide additional reduced administrative fees, reduced drug unit costs, and increased rebate income to plan sponsors. RxAdvance, a national full service PBM, leverages disruptive Collaborative PBM Cloud™ to manage standard & specialty drug benefits with unmatched regulatory compliance and transparency. In addition, RxAdvance is willing to share global pharmacy risk standing shoulder-to-shoulder with plan sponsors. This risk model has never been offered by any other PBM.
RxAdvance is a small insurance company based in Massachusetts with only 239 employees and an annual revenue of $2.0B.

RxAdvance's mission statement

For our platforms to deliver value that transcends beyond just the administrative side but that also meaningfully reduce medical costs.

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The team at RxAdvance

  • The founders of RxAdvance is Ravi Ika.
  • The key people at RxAdvance is Ravi Ika.
Key people
Ravi Ika

RxAdvance rankings

RxAdvance is ranked #16 on the Best Insurance companies to work for in Massachusetts list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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RxAdvance salaries

Average RxAdvance salary
$89,356
yearly
$42.96 hourly
Updated March 14, 2024

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RxAdvance financial performance

9.8
Performance score

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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of RxAdvance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RxAdvance. The employee data is based on information from people who have self-reported their past or current employments at RxAdvance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RxAdvance. The data presented on this page does not represent the view of RxAdvance and its employees or that of Zippia.

    RxAdvance may also be known as or be related to RxAdvance, RxAdvance Corp, RxAdvance Corp., RxAdvance Corporation and Rxadvance Corp.