Pharmacy Benefit Intelligence

Bring light on your
pharmacy benefit spend.

Self-funded employers overpay an average of $180,000 annually on pharmacy benefits. Lantern Rx finds that money, recovers it through a competitive RFP process, and watches your contract every month to make sure your PBM honors what they promised.

$180K
Avg annual overpayment
20%
Savings share — zero upfront
18 days
From intake to recommendation
Zero Upfront Cost
Michigan Employer Specialist
ERISA Compliant
CAA 2021 Ready
Conflict-Free Analysis
AI-Powered Platform

Your PBM is a
black box.
We open it.

Pharmacy Benefit Managers manage over $600 billion in annual drug spend. They retain rebates, charge hidden spread pricing, bury escape clauses in complex contracts, and know that most mid-market employers will never audit them.

Traditional benefits consultants earn ongoing commissions from the same PBMs they recommend to you. The conflict of interest is structural — and legal.

Lantern Rx has no PBM relationships to protect. We are paid only when you save money. Our only interest is yours.

60%
of mid-market self-funded employers never verify their PBM guarantees — leaving significant money on the table every year.
$180K
Average annual overpayment for self-funded employers in your size range compared to competitively bid peers.
15–25%
Average savings achieved by employers who run a competitive PBM RFP versus those who auto-renew.

Three phases.
One outcome.

01
Find the savings

Upload your pharmacy claims data or enter basic plan information. Our AI benchmarks your spend against real employer data and identifies exactly where you're overpaying — in under 60 seconds.

02
Recover the savings

We generate a customized RFP, distribute it to qualified PBMs, normalize all responses into a comparable scorecard, and deliver a recommendation with full methodology — in 18 days instead of 5 months.

03
Protect the savings

We extract every guarantee from your new contract, track performance monthly, run annual reconciliation, and pursue any shortfalls on a contingency basis. You never pay unless we find money.

What we deliver.

Savings Estimator

60-second benchmark analysis showing exactly how your pharmacy spend compares to self-funded employers in your industry. Free, no commitment required.

Free · Instant results
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AI-Powered RFP

Customized RFP generation, PBM distribution, structured response collection, and normalized comparison scorecard — delivered in 18 days.

Contingency fee · No upfront cost
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Contract Analysis

AI reads your PBM contract and extracts every performance guarantee, flags every escape clause, scores dispute readiness, and generates demand letters automatically.

Included with monitoring
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Guarantee Monitoring

Monthly tracking of actual PBM performance against guaranteed metrics. Quarterly reports. Annual reconciliation. Dispute support. Recovery fees on contingency.

$750–$1,500/month

You only pay
when you save.

Zero upfront cost on all RFP engagements. We earn our fee only after your savings are verified.

ANALYSIS
Free
No commitment required
  • 60-second savings estimator
  • Industry benchmarking
  • Drug spend upload analysis
  • Identifies savings opportunities
  • CFO-ready summary report
MONITORING
$750/mo
ongoing guarantee protection
  • Contract guarantee extraction
  • Monthly performance tracking
  • Quarterly reports to CFO
  • Annual reconciliation audit
  • Dispute letter generation
  • Recovery fees: 25% of shortfall found

What employers say.

The analysis they ran in under an hour showed us we were paying $280,000 more than comparable manufacturers in our region. We never would have known without Lantern Rx.
SARAH CHEN
CFO · Hartwell Manufacturing
↑ $234K recovered · Year 1
Our previous consultant recommended the same PBM for three consecutive renewals. Turns out they were earning $45,000 a year from that relationship. Lantern Rx had no such conflict.
JAMES MORRISON
HR Director · Meridian Logistics
↑ $187K recovered · Year 1
The contract analyzer found three escape clauses our attorney missed. When we used that language in our dispute, we recovered $92,000 in missed guarantees the PBM had been quietly keeping.
PATRICIA WELLS
COO · Crestview Medical Group
↑ $312K recovered · Year 1

Common questions.

We calculate savings as your actual verified pharmacy spend in the 12 months before the new contract versus the 12 months after, adjusted for covered lives. If your spend goes from $2.8M to $2.3M, savings are $500K and our fee is $100K. If savings are zero, our fee is zero. No risk to you.
Our fee calculation adjusts for covered lives automatically — we measure cost per member, not total spend. We also carve out catastrophic claims above $50,000 per member and new drug classes that weren't in the baseline. You're protected against circumstances outside the PBM's control.
Yes — we complement your consultant. We provide data and analysis they likely don't have access to, including Michigan-specific benchmarks and AI-powered contract analysis. Many consultants refer clients to us specifically because of our technology capabilities. We're additive, not competitive.
From our first conversation to a recommendation with full analysis: 18 days on average. A traditional consultant typically takes 4–5 months for the same process. We can also run a shadow RFP against your current contract without triggering any renewal process — free, no commitment.
No. We are an independent pharmacy benefit intelligence platform. We have no ownership or financial relationships with any PBM. We are paid only by employers, only on savings share, only after savings are verified. Our only interest is yours.
We focus on Michigan self-funded employers with 200 to 2,000 covered lives. This segment is dramatically underserved — too small for large consulting firms, too large to be well-served by broker-recommended PBMs without independent analysis.

There's money on the table.
We help you take it back.

Run a free 60-second savings estimate. No commitment, no credit card, no consultant sales pitch. Just your number.

Let's start
with your number.

Enter your information and we'll run a preliminary savings estimate within one business day. No commitment required.

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Location
Ann Arbor, Michigan
✉️
Email
hello@lanternrx.com
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Phone
(734) 555-0000
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Response Time
Within one business day