Birmingham-based RxBenefits, a pharmacy benefits solution platform for companies, added 76 new jobs in Birmingham last year, bringing its Birmingham employee count to 187.
In addition to adding new employees – eventually there will be 120 additional jobs in Birmingham – the company expanded its headquarters space, located at the Colonnade, and invested in technology.
A growing client base and a 96 percent retention rate over the last five years – higher than the industry average – fueled RxBenefits’ 120-job, $6.67 million expansion, which landed it on the Birmingham Business Alliance’s New and Expanding Industry List last year.
“We are well ahead of where we thought we’d be in terms of our economic development plan,” said Robert Gamble, president and chief financial officer at RxBenefits. “It’s an exciting time for the company, and we are grateful for the growth we’ve experienced.”
RxBenefits is the only platform with oversight and connectivity to the nation’s three largest pharmacy benefits providers, and it provides solutions direct to mid-market companies that are typically only available to the nation’s largest employers with a consistent branded experience regardless of pharmacy partner. The company utilizes proprietary technology, data analytics, industry expertise and scale to provide clients with market-leading purchasing power, independent clinical oversight and high-touch service.
“As a service-oriented organization, we are always thinking about how to create value for our clients and make pharmacy benefits more affordable,” Gamble said. “We put our clients’ members first, and we’re fortunate to continue to grow and add to our team in Birmingham with people who share that philosophy.”
RxBenefits is a strong example of Birmingham’s ever-growing trend of innovation in health care, said the Birmingham Business Alliance’s Vice President of Economic Development Jeff Traywick, who was part of the team that worked with the company on its expansion.
“We are very excited to see a home-grown company like RxBenefits continuing to grow its operations in Birmingham,” Traywick said. “With its innovative approach to health care services, the company remains an example of how Birmingham’s knowledge-based economy continues to thrive.”