TransparentRx is a fiduciary pharmacy benefit administrator built for plan sponsors who want clarity, accountability, and better outcomes from their pharmacy spend. We operate under a true fiduciary standard of care. That means our interests are aligned with the plan, not drug manufacturers, wholesalers, or pharmacies. Every decision we make is driven by what is best for the employer and the members they serve. Our team brings deep operational experience across PBM administration, plan setup, claims adjudication, and ongoing oversight. We understand how pharmacy benefits work in practice, not just on paper, and we apply that expertise to prevent leakage, enforce contracts, and resolve issues before they impact members. Our model replaces opaque pricing and conflicted incentives with full transparency across rebates, fees, formularies, and clinical programs. We focus on plan design, contract integrity, and data access so sponsors can clearly see where dollars are going and why. TransparentRx works with employers, brokers, consultants, and TPAs who believe pharmacy benefits should be managed with the same discipline and oversight as any other financial asset. The goal is simple: lower net costs, improved member experience, and governance that stands up to scrutiny.
Looking for a particular TransparentRx employee's phone or email?
The TransparentRx annual revenue was $5 million in 2026.
Tyrone Squires is the Founder and Managing Director of TransparentRx.
15 people are employed at TransparentRx.
TransparentRx is based in Detroit, Michigan.
The NAICS codes for TransparentRx are [456, 44, 45].
The SIC codes for TransparentRx are [59, 591].