We're thrilled to continue our incredible trajectory into 2025, fueled by your trust and partnership! These 2024 milestones are just the beginning—2025 promises even more growth, innovation, and value for our partners. Stay tuned for exciting developments ahead! We can’t wait to keep moving forward together! #Ringmaster #StopLoss #SelfFunded #PharmacyBenefits #HealthcareInnovation #InsurTech
Ringmaster Technologies, Inc.
IT 服务与咨询
Boca Raton，Florida 4,771 位关注者
Elevate your Insights, Simplify your Success
关于我们
Ringmaster is a cloud-based healthcare solutions provider created to simplify and enhance administrative processes by utilizing cutting edge technologies. Combining over a decade of expertise in both the healthcare and technology industries, RMT offers the first fully Automated Workflow Optimization solution that will drastically reduce processing time and complexity while minimizing the turnaround time for stop-loss quoting, contracting, and accounting. Whether you’re on the buy-side or the sell-side RMT is committed to develop smarter automation to your existing workflow.
- 网站
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https://www.ringmastertech.com
Ringmaster Technologies, Inc.的外部链接
- 所属行业
- IT 服务与咨询
- 规模
- 11-50 人
- 总部
- Boca Raton，Florida
- 类型
- 私人持股
- 创立
- 2018
地点
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主要
获取路线
5200 Town Center Circle
Suite 540
US，Florida，Boca Raton，33486
Ringmaster Technologies, Inc.员工
动态
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With JP Morgan Chase now facing a lawsuit similar to those against J&J and Wells Fargo, fiduciary responsibility in prescription drug management remains under the spotlight. As these cases unfold, the importance of transparent PBM contracting, regular procurement processes, and contract reconciliation cannot be overstated. Ringmaster’s President of Rx, Jason Wenzke, shares his insights on what this means for the industry—read more below. #PharmacyBenefits #FiduciaryResponsibility #Healthcare #Ringmaster
Helping employee benefit consultants deliver better pharmacy contracts, service and clinical outcomes to their clients.
A third lawsuit targeting plan sponsors for breach of fiduciary duty on their prescription drug plan procurement - Johnson & Johnson, Wells Fargo and now JP Morgan Chase have been targeted. All 3 lawsuits are nearly identical and follow this script: ?? There are drugs defined as specialty drugs being shipped from the PBM's specialty pharmacy to patients. ?? The PBM is running an exclusive specialty arrangement forcing patients to fill these drugs at their specialty pharmacy and not allowing competition. ?? There is no Usual and Customary price at the pharmacy so the PBM can charge any amount for the drug. ?? The PBM bills the plan significant markups over and above fair market prices for those drugs available at other pharmacies. ?? There must be some accusation that the employer should have known better - in this case it is their membership in HTA and PBGH (a bit of stretch since neither are experts in pharmacy). Here's the uphill battle for these lawsuits: ? The PBM offers contractual guarantees that, in the aggregate, provide discounts to the plan well in excess of the initial billed amount. ? The aggregate contracting of the client with the PBM likely provides discounts and rebates well in excess of the PBM's that may not own their own specialty pharmacy. These drugs make up a very small amount of total spend. Here's what's a little different about this one: ? CVS launched it's own co-branded Humira biosimilar that is not the lowest possible cost for a plan. What implication does that have? The message should remain the same for employee benefit consultants: ?? Run a formal procurement process for PBM contracts AT LEAST EVERY OTHER YEAR. Any 3 year contract should have a market check provision in year 2. ?? Ensure you are getting bid specific specialty and limited distribution drug lists during procurement. ?? Monitor your spend and ensure no egregious markups on specialty generics are taking place. If they are - engage the PBM as a steward of the plan. ?? Reconcile your contracts EVERY YEAR to ensure the contract guarantees set forth are being met. https://lnkd.in/gcetr3XM
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Hello from the Bellagio in Las Vegas! Our dynamic duo—Senior VP of Sales Wesley Keyes and Executive VP of Business Development Jon Harts—are live at the Health Care Administrators Association? (HCAA) Executive Forum and ready to exchange ideas. ?? If you're attending and want to simplify the complexities of stop loss and pharmacy placement while discovering easier ways to report and extract valuable data for your partners, book a time with Wes and Jon to discuss your current approach and your goals for this year. Schedule a time to meet: ?? Wes' Calendar: https://lnkd.in/dgCu8EJc ?? Jon’s Calendar: https://lnkd.in/ejEW6hSw Looking forward to great conversations! ?? #HCAAExecutiveForum #StopLossInnovation #RingmasterTechnologies #LetsConnect
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The stop-loss market is experiencing a major shift, and employers need to be prepared. According to Cigna’s latest earnings report, stop-loss renewal prices are set to rise—driven by soaring costs for specialty drugs and complex inpatient procedures like cancer and heart surgeries. ?? Key Takeaways: ?? Specialty Drug Costs Are Surging – Injectable medications like Keytruda are significantly impacting claims. ?? Inpatient Surgery Claims Are Rising – More high-cost procedures mean higher stop-loss payouts. ?? 2024 Stop-Loss Premiums Increased 11.5% – And 2025 hikes could be twice as high (Voya’s projection). With claims-to-premiums ratios exceeding expectations (90%-95%), carriers like Cigna are adjusting pricing strategies over the next two years to balance affordability, operational efficiency, and cost recovery. ?? What This Means for Self-Funded Employers & Brokers Now more than ever, transparency, efficiency, and smart decision-making are critical. Stop-loss carriers are raising rates—but proactive planning can help mitigate the impact. At Ringmaster, we help brokers and self-funded employers navigate the evolving stop-loss and Rx landscape with: ? Real-time market insights to make data-driven decisions ? Streamlined stop-loss marketing & claims management ? Tools to drive operational efficiencies & optimize cost control ?? The industry is shifting. How are you preparing for these changes? Let’s discuss how Ringmaster can help. Schedule a Call: https://lnkd.in/eyWEzwUN #StopLoss #SelfFunding #EmployeeBenefits #Ringmaster #HealthcareInnovation
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?? Ringmaster Technologies will be at the Self-Insurance Institute of America Artificial Intelligence Forum! ?? We’re excited to share that our VP of Client Experience, Wanda D Owen, will be attending the SIIA Artificial Intelligence Forum in Indianapolis on February 19-20! As AI continues to shape the self-insurance industry, this event provides a valuable opportunity for business leaders to explore how augmented AI capabilities can drive innovation and efficiency. If you’re attending and would like to connect with Wanda to discuss the future of AI in self-insurance—or just to say hello—feel free to reach out to her to schedule a time to chat. Let’s make the most of this event together! See you in Indianapolis! ?? Connect with Wanda: https://lnkd.in/eBE3DGi5 #SIIA #ArtificialIntelligence #SelfInsurance #AIInnovation #RingmasterTechnologies #Networking
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The Health Care Administrators Association? (HCAA) Executive Forum at the Bellagio, February 10-12, is just around the corner, and we at Ringmaster Technologies can’t wait to attend! This premier event provides a fantastic opportunity to connect and strengthen relationships with TPAs and other industry leaders. As a leading platform for self-funded experts, we empower them to know more, do more, and grow their pharmacy and stop-loss businesses by simplifying success. Here’s what we’re bringing to the table: ?? Support for managing and monitoring over $1 billion in annual pharmacy spend and over $2.5 billion in processed stop-loss premium. ?? Exciting new product features rolling out in 2025 to enhance integrations with carriers, brokers, and PBMs. We’d love to meet you at the conference to discuss how our innovations can help your business thrive. ?? Don’t miss the chance to connect with our Senior VP of Sales, Wesley Keyes, and Executive VP of Business Development, Jon Harts, at the event. ?? Schedule a time with Wes: https://lnkd.in/dgCu8EJc ?? Schedule a time with Jon: https://lnkd.in/dZ9iBJrh ?? Let us know if you’d like to set up a time to meet—we’d love to chat! ?? #Ringmaster #HCAA #ExecutiveForum2025 #StopLossSolutions #InnovationInHealthcare #SeeYouThere
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?? Exciting RingmasterRx Additions: Welcome Rebecca Bowen and Jake Norman! ?? We are proud to welcome Rebecca and Jake as our new Vice Presidents of Sales! Both leaders bring extensive expertise in the healthcare and benefits industries, and their combined vision will play a critical role in driving innovation and delivering exceptional results for our clients. Rebecca Bowen has made her mark optimizing pharmacy benefits and managing international care coordination. Some highlights of Rebecca’s career include: ?? Leading regional sales efforts at GeoBlue, supporting clients with international care coordination and compliance expertise. ?? Optimizing pharmacy benefits during her tenure at RxBenefits, where she partnered with brokers and consultants to improve clinical outcomes and reduce costs. ?? Building impactful strategies that ensure self-funded employers can offer affordable, high-quality benefits to their teams. Jake Norman has over two decades, during which he has: ?? Led strategic partnerships to align payers, providers, and patients, driving efficiency and cost savings. ?? Championed technology-driven solutions at organizations like Levrx Technology and RxBenefits, leveraging platforms like Roxanne A.I.? to enhance transparency and actionable insights. ?? Delivered measurable results through comprehensive pharmacy benefit strategies, population health management, and innovative cost-reduction programs. Together, Rebecca and Jake bring a shared passion for client success and innovation, and we couldn’t be more excited to have them on board. Please join us in welcoming them to the team! #Ringmaster #Welcome #StepIntoTheRing #HealthcareInnovation #EmployeeSpotlight
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Ringmaster Technologies, Inc.转发了
???? We’re seeking top-notch developers, engineers, and innovators who want to revolutionize the way that humankind procures medical and pharmacy benefits! ?? Why join our team? - World-Class Engineering: Work alongside a team that holds over 200 U.S. patents.? - Remote-First Culture: Enjoy flexibility, outstanding compensation/benefits, and a true work-life balance.? - Game-Changing Tech: Be part of a revolution leveraging AI/ML to transform a giant legacy industry that is ripe for change.? - Impact at Scale: Accelerate the growth of a platform that processes $Billions in premiums and claims annually and is trusted by 10 of the Top 20 brokerages. ?? We’re in hyper-growth mode—doubling year after year, for 4 consecutive years—and we’re just getting started! In just six years, half of the companies in the industry have chosen our platform to optimize their business. We’re building more than software – we’re developing the future state for medical and pharmacy benefits procurement! ?? Apply today and help us lead the revolution! https://lnkd.in/eqywyxfj ?#InnovateWithUs #HealthcareJobs #Insurtech #MakeAnImpact #RingmasterCareers #RapidGrowth #HiringNow #InsuranceIndustry #RingmasterTech?
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???? We’re seeking top-notch developers, engineers, and innovators who want to revolutionize the way that humankind procures medical and pharmacy benefits! ?? Why join our team? - World-Class Engineering: Work alongside a team that holds over 200 U.S. patents.? - Remote-First Culture: Enjoy flexibility, outstanding compensation/benefits, and a true work-life balance.? - Game-Changing Tech: Be part of a revolution leveraging AI/ML to transform a giant legacy industry that is ripe for change.? - Impact at Scale: Accelerate the growth of a platform that processes $Billions in premiums and claims annually and is trusted by 10 of the Top 20 brokerages. ?? We’re in hyper-growth mode—doubling year after year, for 4 consecutive years—and we’re just getting started! In just six years, half of the companies in the industry have chosen our platform to optimize their business. We’re building more than software – we’re developing the future state for medical and pharmacy benefits procurement! ?? Apply today and help us lead the revolution! https://lnkd.in/eqywyxfj ?#InnovateWithUs #HealthcareJobs #Insurtech #MakeAnImpact #RingmasterCareers #RapidGrowth #HiringNow #InsuranceIndustry #RingmasterTech?
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?? Join the Healthcare Revolution with Ringmaster Technologies! At Ringmaster, we’re not just building solutions—we’re building a movement. As a trusted partner to 10 of the Top 20 Brokers, we’ve bound 2,700+ RFPs, $2.3B in Premium and are constantly driving efficiency and transparency for the self-insured industry. We’re searching for passionate, experienced individuals to join us as we tackle the next big challenges in healthcare: ?? Innovate with our SOC 2 Certified SaaS Platform ?? Deliver insights with our integrated data warehouse and analytics dashboards ?? Collaborate with a team that’s redefining Stop-Loss and PBM If you’re ready to elevate your career and work with a company that’s shaping the industry, we’d love to meet you. Explore our open roles: https://lnkd.in/eqywyxfj #RingmasterCareers #InnovateWithUs #HealthcareJobs #RapidGrowth #Insurtech #Hiring
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