RDS Services
- Company typePrivate
- Founded2005
- HeadquartersTroy, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
RDS Services firmographics
Firmographics- Name
- RDS Services
- Legal name
- RDS Services, LLC
- Website
- https://rdsservices.us
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
RDS Services industry classification
Industry- Product category
- Retiree Drug Subsidy Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Services-Health Services (8000)
- akta.pro industry
- 340B Program Administration & Support
Keywords
Where RDS Services is headquartered
LocationHeadquarters
- HQ city
- Troy
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RDS Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Distribution channels2 records
Marketing channels3 records
RDS Services product offering
Product offeringCore offering
RDS Services, LLC manages the Retiree Drug Subsidy (RDS) program from Application to Reconciliation for plan sponsors, helping organizations maximize recovery of Medicare drug subsidy payments and optimize retiree prescription drug benefit plans. The company offers RDS Program Administration, RDS Reopening (recovering underfunded subsidy for prior plan years), Retiree Drug Plans, and RxOptimize/Carve-Out Plans, supported by proprietary analyst systems and standalone database architecture.
Product overview
RDS Services offers a unified suite of Medicare Retiree Drug Subsidy (RDS) administration and recovery services. The core portfolio includes RDS Program Administration, RDS Reopening, Retiree Drug Plans, and RxOptimize/Carve-Out Plans, all powered by proprietary analyst systems and database technology. The offering is supplemented by value-added modules including a free Subsidy Recovery Forecast service and Employer Group Waiver Plan (EGWP) comparison and viability assessment services. The company operates exclusively in the Medicare RDS space, having managed RDS programs since the Medicare Modernization Act of 2003, with documented recoveries exceeding $1 billion in subsidy and over $2 billion in pharmacy savings across all 50 states.
Differentiator
Problem solved
Functional benefit
Products and services
- RDS Program Administration Comprehensive administration services for the Retiree Drug Subsidy program, handling the complex Medicare Modernization Act compliance requirements for plan sponsors.
- RDS Reopening Services to identify and recover additional Retiree Drug Subsidy payments that plan sponsors may have been underfunded on in prior years, spanning the past four years of CMS accounts.
- Retiree Drug Plans Services supporting employer-sponsored retiree prescription drug benefit plans, helping maximize subsidy returns under the Medicare drug subsidy program.
- RxOptimize/Carve-Out Plans Prescription drug benefit optimization and carve-out plan services designed to maximize cost savings and subsidy recoveries for plan sponsors.
- Subsidy Recovery Forecast Free forecast service that provides a conservative and realistic estimate of potential additional Retiree Drug Subsidy recovery amounts for eligible plan sponsors.
- Employer Group Waiver Plan (EGWP) Comparison and Viability Services Comparative analysis services evaluating whether plan sponsors should utilize RDS plans versus Employer Group Waiver Plans, including viability assessment.
Quantifiable outcome
- Over $2 Billion in Recoveries and Pharmacy Savings
- +1 more outcomes
Companies that use RDS Services
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
RDS Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
RDS Services partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- HORIZON Health Ventures, LLCcoreRDS Services has been a valued partner of HORIZON Health Ventures and their clients since 2013. Through their efforts they have helped realize significant impact for clients, helping to perpetuate the retiree pharmacy benefit by finding meaningful amounts of money that might otherwise not be recovered.
- Planned Strategies, Inc.coreOngoing partnership where RDS Services provides subsidy recovery services and Planned Strategies, Inc. serves as a benefits consulting intermediary for their shared clients.
- Labor First, LLCcoreLabor First, LLC integrates RDS Services into their retiree advocacy service model, providing their clients with an additional solution that helps maintain retiree healthcare commitments.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
RDS Services competitors and assessment
Company assessmentBroad incumbents
- Express Scripts (Evernorth): Major PBM providing EGWP and Medicare Part D plan administration for employer plan sponsors. Comparable to RDS Services as a scaled alternative pathway for the same retiree drug benefit decision, representing the EGWP migration risk that pressures RDS Services' addressable market.
- Arthur J. Gallagher & Co. Large insurance brokerage and consulting firm with dedicated retiree health and pharmacy benefit consulting practices serving employers and public-sector entities. Comparable to RDS Services as a go-to advisor on RDS administration and EGWP migration for overlapping plan-sponsor clients.
- Milliman: Global actuarial and consulting firm that advises health plans, employers, and government clients on retiree pharmacy benefits, EGWP feasibility, and RDS optimization. Comparable to RDS Services because it serves the same plan-sponsor buyer set on retiree drug strategy, though across a much broader consulting portfolio.
- CVS Caremark: Large PBM within CVS Health offering EGWP and retiree pharmacy solutions to employer plan sponsors. Comparable to RDS Services because it is one of the dominant EGWP providers that plan sponsors weigh against continuing to operate RDS programs that RDS Services administers and reopens.
- HUB International: Large North American insurance brokerage with benefits consulting capabilities for mid-market and public-sector employers, including retiree health advisory. Comparable to RDS Services as a channel that influences RDS/EGWP decisions for overlapping plan-sponsor clients, though broader in scope.
- Mercer: Major benefits consultant advising employers on retiree pharmacy strategy, RDS alternatives, and EGWP implementation. Comparable to RDS Services in addressing the same retiree drug benefit pain points for large plan sponsors, but as part of a broader HR and benefits practice.
- Willis Towers Watson (WTW): Global advisory firm advising employers on retiree health, pharmacy benefits, and EGWP strategy. Comparable to RDS Services because it influences RDS-vs-EGWP decisions for many of the same large enterprise and public-sector plan sponsors, though as one offering among a broader benefits portfolio.
- Aon: Global professional services firm with retiree health and pharmacy benefit advisory practices serving large employers and public entities. Comparable to RDS Services because it competes for the same EGWP/RDS advisory mandate at the same buyer level, even though RDS is a smaller slice of Aon's overall portfolio.
- OptumRx (UnitedHealth Group): Largest US PBM offering EGWP, Part D, and broader retiree pharmacy solutions to large plan sponsors. Comparable to RDS Services because it offers the EGWP alternative that RDS Services benchmarks against, and touches many of the same plan-sponsor clients through at-scale pharmacy benefit administration.
Direct peers
- Segal Group: Independent actuarial and benefits consulting firm with deep public-sector practice advising state, municipal, and multiemployer clients on retiree health programs including RDS. Highly comparable to RDS Services in target customer (state/municipal/union plan sponsors) and in the retiree drug benefit domain.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
RDS Services social profiles
Digital presenceRDS Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
RDS Services leadership team
Management profileNumber of profiles
Profiles2 records
RDS Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RDS Services 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 RDS Services
What does RDS Services do?
RDS Services, LLC manages the Retiree Drug Subsidy (RDS) program from Application to Reconciliation for plan sponsors, helping organizations maximize recovery of Medicare drug subsidy payments and optimize retiree prescription drug benefit plans. The company offers RDS Program Administration, RDS Reopening (recovering underfunded subsidy for prior plan years), Retiree Drug Plans, and RxOptimize/Carve-Out Plans, supported by proprietary analyst systems and standalone database architecture.
Is RDS Services a public or private company?
RDS Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RDS Services founded?
RDS Services was founded in 2005. It employs 11 to 50 people.
Where is RDS Services based?
RDS Services is headquartered in Troy, United States, in the North America region.
Who are RDS Services's main competitors?
Broad incumbents on record are Express Scripts (Evernorth), Arthur J. Gallagher & Co., Milliman, CVS Caremark, HUB International, Mercer, Willis Towers Watson (WTW), Aon and OptumRx (UnitedHealth Group). Segal Group is listed as a direct peer.
Does RDS Services have an API?
No public API is recorded for RDS Services.
What industry is RDS Services in?
RDS Services's product category is Retiree Drug Subsidy Administration. Its primary akta.pro industry code is HLAEAKAJ, 340B Program Administration & Support. Its NAICS code is 524292 and its SIC code is 8000.