RxBenefits has named Wendy Barnes chief executive officer. She succeeds Bryan Statham, who served as the company’s president from 2013 to 2016 and as CEO for the past six years. Statham will transition to the role of vice chair of the board, assisting in overseeing the company’s strategic vision.
Barnes has 25 years of health care management experience. She comes to RxBenefits from Express Scripts, where she spent the last eight years in various leadership position, most recently as president of Express Scripts Pharmacy, where she was responsible for service, operations and the financial success of the company’s multiple pharmacies and home delivery business.
“I could not think of a better person than Wendy to take the reins at our company during this exciting time,” said Statham. “She is both a strategic leader and visionary, driven by a desire to disrupt the unsustainable trajectory of health care spending and increase the value delivered to patients.”
Headquartered in Birmingham, RxBenefits is a technology-enabled pharmacy benefits optimizer with more than 750 pharmacy pricing, data and clinical experts working to deliver prescription benefit savings to employee benefit consultants and their self-insured clients. The company has more than 3 million members and is backed by Advent International, one of the largest global private equity investors, and Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
“I have gravitated toward companies with two main characteristics throughout my career — a clear mission to improve patient lives and a stern focus on bending the health care cost curve,” said Barnes. “RxBenefits is leading the way in both areas. As we look to the future, we will remain hyper-fixated on providing the midmarket with cost-effective, high-quality pharmacy benefit solutions; transparent, industry-leading pricing and exceptional service.”
