TLC Property Management

How TLC Properties Slashed Pharmacy Costs and Boosted Employee Morale with The Tedrick Group and SmithRx

In today’s fast-evolving realm of healthcare, organizations are constantly seeking ways to provide better benefits to their employees while managing costs efficiently. TLC Properties, a leader in providing multi-family living opportunities, was one such organization. Thanks to switching to SmithRx’s cost-based approach to pharmacy spend per The Tedrick Group’s recommendation, they achieved significant reductions in prescription drug costs and significantly improved employee satisfaction. 

These achievements not only demonstrated the financial advantages of the partnership but also reflected the improved employee satisfaction resulting from a more transparent and manageable pharmacy benefits experience.

Bos summarized the impact of the partnership: "For TLC, partnering with SmithRx was certainly the right decision. We're seeing the results in the data. We're seeing the results in our interactions with employees. For me, it's a no-brainer."

The partnership between SmithRx and TLC Properties demonstrates  the significant impact of innovative pharmacy benefits management strategies. By focusing on overall costs and the needs of both the employer and employees, SmithRx was able to deliver a solution that drastically reduced costs while enhancing the overall benefits experience.