This is Derek Miller, Speaking on Business. RealRx was founded in 2020 as a joint venture between University of Utah Health Plans and Cooperative Benefits Group. They provide efficient, high-quality pharmacy solutions focused on delivering value to members. President, Jeffrey Dunn, joins us with more.
Jeffrey Dunn:
We all know that high drug costs can be a burden for Utah businesses and families. What you may not realize is that traditional pharmacy benefit managers, or PBMs, often profit when prices stay high. They make money through rebates, spread pricing, and fees that are all tied to the cost of the drug and the number of prescriptions.
At RealRx, we knew there had to be a better way. Founded in Salt Lake City by local pharmacists and healthcare leaders each with more than 20 years of experience, the RealRx solution is transparent, 100 percent pass-through drug pricing. As an employer, you pay the exact amount paid to the pharmacy, less any applicable member cost – with no markup and no games – ever.
Our model cuts prescription costs by 20 to 30 percent, while giving members a better experience. RealRx is proud to be part of this community, and we’re committed to making prescription drugs more affordable.
Derek Miller:
By enhancing access to affordable, high-quality pharmacy care, REALRx continues to strengthen Utah communities. Their member-focused approach lowers costs, supports local health initiatives, and promotes better outcomes. Learn more at realRXsites.com. I’m Derek Miller, with the Salt Lake Chamber, Speaking on Business.
