Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

FiduciaryRx, LLC has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforFiduciaryRx, LLC

    Medicine Consultants

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 1 Customer Reviews

    Customer Complaints

    This business has 0 complaints

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    TransparentRx is America's pioneering fiduciary model pharmacy benefit manager (PBM), dedicated to transforming the PBM landscape through transparency, accountability, and superior patient outcomes. Founded and managed by industry veteran Tyrone Squires, TransparentRx stands out in the crowded PBM market by putting clients' interests first, adhering to the highest standards of fiduciary care.

    Mission and Vision

    TransparentRx's mission is to help an entire nation look better, feel better, and live longer. Our vision is to be globally recognized as the model PBM, renowned for reducing pharmacy costs without sacrificing the quality of care.

    Core Values

    • Transparency: We provide full disclosure of pricing and operations, ensuring clients are fully informed and can make the best decisions for their organizations and employees.
    • Accountability: As a fiduciary, we are legally and ethically bound to act in the best interests of our clients, offering unbiased guidance and support.
    • Patient-Centric Care: Our strategies prioritize patient outcomes, ensuring they receive the best possible care and medication management.

    Leadership and Expertise

    Under the leadership of Tyrone Squires, an expert with nearly two decades in the PBM and pharmacy industries, TransparentRx leverages deep industry knowledge and a commitment to education. Tyrone's background includes roles at Eli Lilly & Company and founding a mail-order pharmacy, PrescriptionGiant, which enhances his understanding of the complexities and opportunities within the PBM space.

    Commitment to Education

    TransparentRx is also home to the Pharmacy Benefit Institute of America, providing education and certification through programs like the Certified Pharmacy Benefits Specialist (CPBS). These programs empower executives, PBM consultants, and benefit brokers with the knowledge to navigate and optimize pharmacy benefits.

    Recognition and Thought Leadership

    TransparentRx and Tyrone Squires have been featured in prominent media outlets such as Bloomberg Business, highlighting their thought leadership and innovative approaches in the PBM industry. The company's blog, “The Employer's Guide Blog for Overseeing PBMs,” is a valuable resource for industry insights and strategies.

    In summary, TransparentRx is redefining the PBM industry with its fiduciary model, unwavering commitment to transparency, and dedication to improving patient outcomes while managing costs effectively.

    Products & Services

    Services and Solutions

    TransparentRx offers a comprehensive suite of services designed to optimize pharmacy benefits and manage costs effectively:

    • Cost Management: Implementing innovative strategies to reduce drug spend while maintaining or improving patient outcomes.
    • Benefit Design Consulting: Crafting customized benefit plans that align with organizational goals and employee needs.
    • Clinical Services: Providing clinical expertise to manage drug utilization and ensure the effectiveness and safety of prescribed therapies.
    • Data Analytics: Utilizing advanced analytics to provide actionable insights and drive decision-making.

    Business Details

    Location of This Business
    10845 Griffith Peak Dr STE 200, Las Vegas, NV 89135-1568
    BBB File Opened:
    5/3/2016
    Years in Business:
    12
    Business Started:
    7/29/2012
    Business Started Locally:
    4/29/2014
    Business Incorporated:
    4/29/2014
    Licensing Information:
    This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
    • The Certified Pharmacy Benefits Specialist program is licensed in all 50 states to provide continuing education for pharmacists and Life and Health licensees.
    Type of Entity:
    Limited Liability Company (LLC)
    Alternate Business Name
    • TransparentRx, Pharmacy Benefit Institute of America
    • TransparentRx
    • FiduciaryRx LLC
    Hours of Operation

    Primary

    M:
    8:00 AM - 6:00 PM
    T:
    8:00 AM - 6:00 PM
    W:
    8:00 AM - 6:00 PM
    Th:
    8:00 AM - 6:00 PM
    F:
    8:00 AM - 6:00 PM
    Sa:
    Closed
    Su:
    Closed
    Business Management
    • Mr. Tyrone Squires, Managing Director
    Contact Information

    Principal

    • Mr. Tyrone Squires, Managing Director

    Customer Contact

    • Mr. Tyrone Squires, Managing Director
    Additional Contact Information

    Website Addresses

    Customer Complaints

    0 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Customer Reviews

    1 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Terri L

    1 star

    09/12/2022

    The owner of this company, ***************************, has created a series of companies ranging from the ************************** of ******* to FidicuaryRx, LLC dba TransparentRx through which he charges a costly fee for a course he offers in pharmacy benefit management. The course materials are outdated which results in the this course being overall useless if you are working in the dynamic PBM marketplace. Despite this being brought to his attention, he refused a refund. This issue has been reported to the Society for ************************* (SHRM) and the university that he reports as a course accreditation agency. Given his unwillingness to pick up the phone and discuss a refund, which clearly demonstrates a lack of integrity, be wary of paying for any courses offered through his company(s).

    FiduciaryRx, LLC Response

    06/11/2024

    At TransparentRx, we are committed to providing the highest quality education in pharmacy benefit management through our Certified Pharmacy Benefits Specialist (CPBS) program.

    Competitor Review: It is important to note that this review was left by an individual who worked for a direct competitor. While we welcome all feedback, it is crucial to consider potential biases when evaluating such reviews.

    Continuous Updates: Our course materials are updated regularly to reflect the latest industry trends and regulations. We pride ourselves on ensuring that our participants receive current and relevant information to excel in the dynamic PBM marketplace.

    Accreditation and Approval: Our program is accredited by recognized institutions, and we work closely with professional organizations to maintain the highest standards of educational excellence.

    Customer Service: We take all feedback seriously and are dedicated to resolving any issues promptly and professionally. We encourage open communication and are always available to discuss any concerns or provide clarifications.

    Refund Policy: Our refund policy is clearly outlined, and we make every effort to address refund requests fairly. In this particular case, the decision was based on our established guidelines.

    We appreciate your input and will continue to strive for excellence in all our offerings. If there are any specific concerns you'd like to discuss, please feel free to contact us directly.

    Local BBB

    BBB of Southern Nevada, Inc.

    BBB Reports On

    BBB reports on known marketplace practices.

    BBB Business Profiles may not be reproduced for sales or promotional purposes.

    BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

    When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

    BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

    As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.