Health Strategy
Health Strategy LLC is a founder-owned pharmacy benefit consulting firm serving large self-insured employers and health plans with PBM contract assessment, benefit innovation, strategic analytics, and clinical performance services, supported by a 3 billion-claim data warehouse and 45+ enterprise clients managing $150 billion in drug spend.
- Company typePrivate
- Founded2006
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Health Strategy does
Health Strategy LLC is a privately held, founder-owned pharmacy benefit consulting firm founded in February 2006 by Josh Bellamy (Pharm.D.) and headquartered in Peoria, Illinois. The firm serves large self-insured employers and national/regional health plans, delivering advisory services across four integrated service lines: PBM Contracting (assessment and negotiation of PBM contracts), Benefit Innovation (plan design and emerging-solution evaluation), Strategic Analytics (data warehousing with a 3 billion-claim proprietary warehouse), and Clinical Performance (clinical oversight, formulary management, and drug-pipeline monitoring). Underlying these services is a codified benchmarking framework — the Pharmacy Benefit Score (0-100%) and a free 30-Point Contract Assessment — that scores client PBM contracts against independent market benchmarks across definitions, pricing terms, financial guarantees, and rights. The firm also maintains a proprietary RFP Portal and Tableau-based analytics environment, supported by a distributed C-suite leadership team of physicians, Pharm.D.s, actuaries, and former PBM/health-plan executives.
Health Strategy generates revenue exclusively through B2B professional-services fees from enterprise engagements with self-funded employers and health plans managing substantial drug spend. Pricing is quote-based and not publicly disclosed; the firm claims 15% year-over-year savings for clients and 10-20% first-year savings for self-funded employers moving to new PBM contracts. Client acquisition is driven by executive-level enterprise field sales, industry referrals, and a free PBM Contract Assessment used as a top-of-funnel lead-generation tool, with no disclosed digital self-serve or partner channels. The firm manages $150 billion in annualized client drug spend across 45+ health plan and employer clients, with operations distributed across nine U.S. offices (Peoria HQ plus Chicago, Austin, St. Paul, Washington DC, Minneapolis, Boston, Providence, and St. Louis).
The firm operates as a profitable, bootstrapped LLC with no disclosed funding rounds, no parent company, no PE/VC backing, and no acquisition activity, consistent with a boutique consulting model. Strategic direction in 2023-2025 has emphasized leadership buildout across legal (Chief Counsel Nick James, 2023), clinical strategy (VP Logan Brinn, 2022; CMO Suhas Gondi, 2025), and a newly created Chief Health System Officer role (Jon Lakamp, December 2025) signaling formal expansion into the health-system vertical. Technology remains principally an internal enablement layer (RFP Portal, data warehouse, Tableau dashboards) rather than a productized offering.
Health Strategy firmographics
Firmographics- Name
- Health Strategy
- Legal name
- Health Strategy, LLC
- Website
- https://healthstrategyllc.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Health Strategy LLC is a founder-owned pharmacy benefit consulting firm serving large self-insured employers and health plans with PBM contract assessment, benefit innovation, strategic analytics, and clinical performance services, supported by a 3 billion-claim data warehouse and 45+ enterprise clients managing $150 billion in drug spend.
- Ownership category
- akta.pro rank
Health Strategy industry classification
Industry- Product category
- Pharmacy Benefit Consulting
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Other Management Consulting Services (541618)
- SIC
- Services-Management Consulting Services (8742), Services-Health Services (8000)
- akta.pro primary industry
- Pharmacy Benefit Analytics, Reporting & Employer Consulting (HLAEAKAK)
- akta.pro secondary industries
- Claims Processing, Adjudication & Payment Integrity (HLAEAKAC), Formulary Management & Clinical Pharmacy Programs (HLAEAKAA), PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools) (HLAEAKAL)
Keywords
Where Health Strategy is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Health Strategy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Pharmacy Benefit Consulting Services: B2B consulting fees from large employers and health plans for PBM contract assessment, strategic analytics, clinical performance optimization, and benefit innovation services. Revenue derived from professional service engagements, typically ongoing consulting relationships with self-funded employers and health plans managing substantial pharmacy drug spend.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time/ perpetual license | Free PBM Contract Assessment - 30 key points scored vs benchmarks |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Health Strategy product offering
Product offeringCore offering
Health Strategy is a pharmacy benefit consulting firm that helps large self-insured employers and national/regional health plans optimize their pharmacy benefit performance. The firm delivers four integrated consulting service lines — PBM Contracting, Benefit Innovation, Strategic Analytics, and Clinical Performance — supported by a proprietary 3 billion-claim data warehouse and standardized assessment tools such as the Pharmacy Benefit Score and 30-Point Contract Assessment.
Product overview
Health Strategy is a pharmacy benefit consulting firm offering a unified suite of advisory services rather than a software platform. The core offerings comprise four integrated consulting service lines: PBM Contracting (contract assessment and negotiation), Benefit Innovation (plan design and solution implementation), Strategic Analytics (data warehousing and predictive insights), and Clinical Performance (clinical oversight and drug pipeline monitoring). Supporting these service lines are analytical tools including the Pharmacy Benefit Score (a 0-100% contract benchmark assessment) and the 30-Point Contract Assessment (evaluating definitions, pricing, financial guarantees, and rights). The company also develops proprietary technology including an RFP Portal for internal operations. All services are delivered by a team of pharmacists, physicians, and analysts targeting large self-funded employers and health plans managing significant pharmacy spend.
Differentiator
Problem solved
Functional benefit
Products and services
- PBM Contracting Services
- Benefit Innovation
- Strategic Analytics
- Clinical Performance
Quantifiable outcome
- 15% Year-Over-Year Savings for clients
- +2 more outcomes
Companies that use Health Strategy
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Health Strategy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Health Strategy partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Health Strategy competitors and assessment
Company assessmentDirect peers
- Pharmaceutical Strategies Group (PSG): PSG is a PBM consulting and audit firm offering contract oversight, formulary and rebate auditing, and clinical program support. It targets the same self-funded employer and health plan buyer base as Health Strategy.
- Artemetrx: Artemetrx provides PBM analytics, contract performance assessment, and consulting using proprietary claims data — directly comparable to Health Strategy's data-warehouse-driven PBM benchmarking and contract evaluation services.
- EmpiRx Health: EmpiRx Health provides transparent PBM and pharmacy benefit consulting for self-funded employers, with clinical programs and contract oversight — directly comparable to Health Strategy's consulting and clinical performance services.
- RxBenefits: RxBenefits is a PBM consultative and administration firm serving self-funded employers. It directly competes with Health Strategy in PBM contract assessment and pharmacy benefit advisory for jumbo self-funded plan sponsors.
Broad incumbents
- Willis Towers Watson: WTW offers pharmacy benefit consulting, PBM procurement, and clinical management advisory as part of its broader benefits and risk consulting practice — competing with Health Strategy in the jumbo employer space.
- Lockton (Pharmacy Practice): Lockton is a large independent insurance brokerage whose pharmacy/PBM advisory practice competes with Health Strategy for jumbo employer clients, though Lockton competes from a broader benefits brokerage platform.
- Mercer (Oliver Wyman): Mercer provides benefits consulting including PBM strategy, contract evaluation, and pharmacy benefit optimization for large employers — overlapping with Health Strategy from a much larger HR/health consulting platform.
- Segal Group: Segal provides health and welfare benefits consulting including PBM consulting and audits for public-sector and corporate plan sponsors — competes with Health Strategy from a broader actuarial and benefits consulting base.
- NFP (Pharmacy Benefits Practice): NFP provides benefits brokerage and consulting including PBM advisory and contract review for mid-to-large employers — overlapping with Health Strategy's client base from a brokerage-led model.
Emerging players
- PBMI (Pharmacy Benefit Management Institute): PBMI focuses on PBM research, education, and benchmarking for plan sponsors. While not a direct consulting competitor, its benchmarking and reporting work overlaps with Health Strategy's analytics and Pharmacy Benefit Score offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Health Strategy social profiles
Digital presenceHealth Strategy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Health Strategy leadership team
Management profileNumber of profiles
Profiles15 records
Health Strategy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Health Strategy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Health Strategy
What does Health Strategy do?
Health Strategy is a pharmacy benefit consulting firm that helps large self-insured employers and national/regional health plans optimize their pharmacy benefit performance. The firm delivers four integrated consulting service lines — PBM Contracting, Benefit Innovation, Strategic Analytics, and Clinical Performance — supported by a proprietary 3 billion-claim data warehouse and standardized assessment tools such as the Pharmacy Benefit Score and 30-Point Contract Assessment.
Is Health Strategy a public or private company?
Health Strategy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Health Strategy founded?
Health Strategy was founded in 2006. It employs 11 to 50 people.
Where is Health Strategy based?
Health Strategy is headquartered in Chicago, United States, in the North America region.
How does Health Strategy make money?
One revenue line is on record: pharmacy Benefit Consulting Services.
Who are Health Strategy's main competitors?
Direct peers on record are Pharmaceutical Strategies Group (PSG), Artemetrx, EmpiRx Health and RxBenefits. Broad incumbents are Willis Towers Watson, Lockton (Pharmacy Practice), Mercer (Oliver Wyman), Segal Group and NFP (Pharmacy Benefits Practice). PBMI (Pharmacy Benefit Management Institute) is listed as an emerging player.
Does Health Strategy have an API?
No public API is recorded for Health Strategy.
What industry is Health Strategy in?
Health Strategy's product category is Pharmacy Benefit Consulting. Its primary akta.pro industry code is HLAEAKAK, Pharmacy Benefit Analytics, Reporting & Employer Consulting, with a secondary code of HLAEAKAC, Claims Processing, Adjudication & Payment Integrity. Its NAICS code is 524292 and its SIC code is 8742.