RxPreferred Benefits

RxPreferred Benefits operates as a pharmacy benefit manager and offers a comprehensive suite of pharmacy benefit management (PBM) services tailored to meet the specific needs of its clients. Its product offerings include transparent, pass-through pharmacy benefit administration, which emphasizes transparency in drug pricing and operations to ensure clients receive the best possible care at the most affordable prices. Additionally, the company provides various pharmacy solutions, such as 340B administration, rebate administration, and other benefits administration, including pharmacy savings cards, Hospice, workers' compensation, and long-term care.

Key customers and partnerships

RxPreferred Benefits’ services are tailored to meet the needs of self-funded employers, health plan providers, and other healthcare organizations.

In January 2023, RxPreferred Benefits partnered with Mark Cuban Cost Plus Drugs to improve healthcare accessibility and reduce drug costs. This collaboration aimed to integrate RxPreferred benefits into the Mark Cuban Cost Plus Drug Company offerings, providing access to all drug options available at Cost Plus Drugs within the RxPreferred benefits package.