Company continues to prioritize fiduciary pharmacy benefit management and accountability for plan sponsors
FiduciaryRx LLC, the organization that operates TransparentRx, has disclosed that a confidential settlement has been reached with Transparency Rising Corp. (formerly known as Transparency-Rx Corp.), bringing an end to the ongoing legal proceedings. The specifics of the agreement remain confidential, and FiduciaryRx will not offer any further remarks on the matter.
“We are pleased to put this issue behind us so we can stay focused on what truly matters,” stated Tyrone Squires, Founder and Managing Director of FiduciaryRx. “Our mission is to assist employers in safeguarding their pharmacy benefit spending and to ensure that the entities managing those funds are held to a fiduciary standard of care.”
FiduciaryRx will continue to invest in its client base and the TransparentRx brand. The firm supports self-funded employers in controlling pharmacy benefit expenses and improving oversight of choices that impact plan performance and member well-being.
“Employers deserve to know where their pharmacy benefit dollars go and who benefits from those decisions,” Squires added. “That level of accountability should be the norm. We will keep driving the industry toward that goal.”
About FiduciaryRx
FiduciaryRx LLC is the company that powers TransparentRx. It offers fiduciary pharmacy benefit administration for self-funded employers, emphasizing transparency and accountability.
Tyrone Squires
TransparentRx
+1 702-803-4154
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