PBIRx, the Premier Pharmacy Benefit Consulting Firm, Celebrates 30 Years with Record Growth

MILFORD, Conn.--(BUSINESS WIRE)--PBIRx, Inc. is proud to mark its 30th anniversary as the premier pharmacy benefit auditing and consulting firm with a year of record-setting growth and a continued 99% client retention rate. Growth in 2023 extended to a significant investment in technology, the cornerstone of PBIRx’s data-driven solutions, outpacing the evolution of the ever-changing pharmacy benefit landscape. PBIRx also augmented its personnel with hiring growth in nearly all sectors.

“We are thrilled to celebrate this milestone,” said Patricia Sirowich, PBIRx Founder and President. “Our success is a testament to our team's dedication to providing our clients with personalized and innovative solutions. Pharmacy costs have grown to nearly 40% of healthcare dollars in 2023. We will continue to leverage our technology and expertise to help organizations navigate the complex pharmacy benefit environment, identify client-specific cost drivers, and achieve better outcomes for their members.”

PBIRx is not a PBM (pharmacy benefit manager). Since its founding as the first pharmacy benefit consulting and auditing firm in 1993, PBIRx has saved clients over $381 million, combating excessive profits of PBMs and pharmaceutical manufacturers. As a client advocate and educator, PBIRx’s primary goal is to manage pharmacy benefit costs for clients with a major sensitivity to their diverse cultures and needs.

“With over 30 years of experience, PBIRx epitomizes Pharmacy Benefit Intelligence,” said Sirowich. “Using precision negotiation and auditing techniques, we help our clients save on pharmacy benefit costs, allowing them to focus on what really matters: providing quality care to their members. This is one of many PBIRx differentiators. We are committed to serving our clients with the highest level of expertise and dedication, as we continue to revolutionize the pharmacy benefit industry with our intelligence-based solutions.”

PBIRx’s achievements:

• First pharmacy benefit consultant
• First to coin the term “pharmacy benefit consulting and auditing”
• First to independently audit pharmacy benefits
• AuditRx^® – PBIRx’s propriety pharmacy benefit auditing platform
• CTIRx^® – PBIRx’s clinical technology intelligence & proprietary cost-saving algorithms
• Independent, Certified Woman Owned Small Minority Business Enterprise
• Inc. 5000 fastest growing company
• SOC 2 Type 2 certified
• Data encryption at rest – immediate inscription upon receipt
• International prescription services
• Specialty drug alternate funding solutions

About PBIRx

Our mission is to create optimal healthcare outcomes while minimizing overall healthcare costs. Established in 1993, PBIRx serves as a premier pharmacy benefit consulting firm providing intelligent management solutions. Our deep knowledge and advanced tools have helped us build lasting relationships and empower our clients to unravel the complexities of the ever-evolving pharmacy benefit industry. We are proud to be recognized as an Inc. 5000 fastest-growing company, a SOC 2 Type 2 certified company, and a certified Woman Owned Small Minority Business Enterprise.

To learn more, please visit PBIRx.com and follow @pbirx on X or PBIRx on LinkedIn.