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We interview Kyle Fields - with ApproRx, a transparent PRO-Independent Pharmacy Benefit Management company.
Appro-Rx is a growing Health Information Technology (HIT) company dedicated to payer medical cost reduction and improvement in patient health outcomes via their provider network. Through the use of Pharmacy Benefit Management (PBM) technologies, Appro-Rx provides customers with prescription drug claims processing, prescription benefit management tools and other IT needs.
Appro-Rx’s claims processing engine currently processes prescriptions through its PBM Software backbone for more than 400 thousand covered lives spread over 500+ employer plans and processing approximately 1 million claims per month.
The principals of Appro-Rx believe strongly that the PBM model is broken, and we have set out to be industry game changers. We are targeting current practices – spread pricing on prescription drugs, manufacturers’ rebates and mandatory mail order programs that benefit PBMs instead of employers and patients. Our mission to bring pricing fairness and transparency to the PBM industry will enable employers to realize significant cost savings and improved health outcomes for their employees. Appro-Rx has backing from independent pharmacists and pharmacy owners; various municipalities throughout the United States; and political and governmental groups.
Kyle Fields, PharmD, RPh
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