Unrivaled solutions, unrivaled savings.

Thirdwave RX offers revolutionary solutions that help healthcare organizations lower drug costs. Our unrivaled industry expertise and powerful automation help our partners make informed decisions and take control of drug costs.

Achieve your lowest net drug cost today

Helping healthcare take control of costs

Never overlook opportunities to save again

Traditional pharmacy management is complex and routinely overlooks critical opportunities to control costs. With Thirdwave’s expertise and automation, our partners actively manage cost-controlling processes across their organizations.

The Solution =

Pharmaceutical Expertise +
Technology

Pharmaceutical
Expertise +
Technology

Who We Serve

Thirdwave is revolutionizing rebate administration for providers across the healthcare industry:

Billions of dollars in savings are waiting to be found

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Solutions that simplify powerful decisions

Only Thirdwave’s proprietary technology can accu- rately and efficiently access, analyze, and convert data from multiple sources to identify every opportunity to lower your share of drug spend.

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Identifying every opportunity for
maximizing savings
maximizing
savings

How we do it:

By actively monitoring and managing pharmacy operations and implementing intelligent automation, we help leaders in healthcare make decisions that make a difference.

  • Real-time adjudication monitors contract adherence and ensures every claim is accurate, minimizing denials and streamlining operations.
  • Expert-designed and managed formularies ensure clinical and financial outcomes are improved based on real-time data and analytics.
  • Proven aggregator relationships help our partners gain access to market-leading rebate contracts to maximize our impact on lowering drug costs.
  • Intuitive dashboards and easy-to-read reports support meaningful decision-making and alignment within organizations.

Results

Start Saving With Thirdwave

5-10%

Avg. net cost savings as share of total drug spend

4-6%

Additional Incremental Savings

Start Saving With Thirdwave

Supporting Powerful Partnerships

At Thirdwave, we work with manufacturers to ensure rebate administration meets their requirements. We leverage our technology and advisory services to help reduce the occurrence of duplicate claims from multiple parties, thereby reducing extraneous workloads.

This approach supports more stability within the system, allowing for positive outcomes for everyone—providers, payers, PBMs, and manufacturers.

Leading providers work with Thirdwave RX

The insight Thirdwave provides and resulting savings were both unexpected and unparalleled in my experience.

CEO

21 Facility Operator

We have found that an extra several thousand dollars every quarter has been a welcome addition to our pharmacy operations.

VP Operations

State Veterans Home

When Thirdwave RX approached us, we didn’t even know rebates were a thing. Obviously getting those first checks was shocking–in all the right ways–but what has been even more shocking are the cost savings and efficiencies we have experienced with Thirdwave RX.

VP Operations

23-Facility Operator

It’s nice to know that every claim on our pharmacy invoice is being run through an automated check. This technology gives us incredible insight into our pharmacy bill. Previously, it was impossible to check and verify that we were being billed correctly. The findings have been astounding!

Dov Lebovic

Administrator

Concourse Rehabilitation

Not only has Thirdwave RX allowed us to capture substantial dollars in eligible rebates, but has also provided cost saving through pricing reports. We are much more confident that we are getting the most of our relationship with our pharmacy.

VP of Procurement/Ancillary Services

Thirdwave RX provides us with proactive pharmacy cost management services and rebate administration. Thirdwave RX saves us time and money by doing the work for us and has helped to substantially reduce our pharmacy spend. Through their technology platform, Thirdwave RX has the ability to capture savings that would normally go unnoticed and end up on your facility bill. Through Thirdwave RX’s formulary management and rebate administration we have received a guaranteed rebate, further reducing our pharmacy spend. The cost containment and rebate program has saved us many thousands of dollars per month!

Toby Laufer

Director of Pharmacy Services

Paragon Management

Before Thirdwave RX, much of our pharmacy spend management was conducted manually. This technology gave us incredible insight into our pharmacy bill. As a result, our savings have increased significantly and we are receiving very significant rebate dollars as well. We have been impressed not just with the technology, but with the support we have received from the Thirdwave RX team through implementation with all of our many pharmacies. We feel like we have access to experts who have answers to all that is related to our pharmacy spend.

VP of Procurement

Multi Facility Operator

Pharmacy contracts have been something that have been confusing and hard to understand for the entire time I've been in this business and with Thirdwave RX’s help and their assistance, we have a better handle, better understanding, and direction on where we're going with pharmacy and pharmacy spend.

Eddie Bangerter

CEO

Rocky Mountain Care

Featured Resources

How to Improve Rebate Management in Healthcare Organizations

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How Formulary Management Helps Correctional Pharmacies Control Costs

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How Health Systems and Hospitals Can Manage Drug Costs

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Lower your drug spend
today.

Talk to one of our experts and learn how our technology and expertise help you lower your share of spend.