PBIRx Unveils New Headquarters in Move Driven by Unprecedented Growth

Pharmacy benefit consultant and auditor triples capacity to help more employers

SHELTON, Conn.--(BUSINESS WIRE)--As employers and unions nationwide struggle with pharmacy costs that can consume as much as 40% of healthcare budgets, PBIRx, an independent adviser that audits pharmacy benefit managers (PBMs) and has recovered over $500 million for clients, is tripling its office space and expanding staff by 50% to meet rising demand.

The consulting firm has grown by 25% annually for three years as more employers and unions seek greater transparency, accountability, and a clear long-term strategy for what is the most utilized benefit and the component of healthcare that is trending at the highest rate.

"We’re seeing increased demand from various employers, employee benefit brokers, and unions, who have experienced the value in partnering with PBIRx, as their independent pharmacy benefit consulting company to address the need for independent verification of their pharmacy spending," said Patricia Sirowich, who founded PBIRx in 1993. "The complexity of PBM contracts and pricing structures has also made auditing a higher priority for benefits teams."

The new 10,000-square-foot headquarters at 3 Corporate Drive, Suite 410, Shelton, CT 06484 will accommodate the firm's expanded team of pharmacy benefit specialists. Industry experts were added across all departments, including additional software engineers, account consultants, and PharmDs. Clients should update their records with the new address, effective now; all other contact information remains unchanged.

About PBIRx
Founded in 1993, PBIRx provides independent pharmacy benefit auditing and consulting to employers and health plans. The firm holds SOC 2 Type 2 and SOC 3 attestation reports and has been recognized on the Inc. 5000 list of fastest-growing companies. More information is available at PBIRx.com.