President and Chief Executive Officer
Revenue: $5.9 million
Greg Rucinski is trained as a pharmacist, but spent much of his career in pharmacy benefit management companies doing claims processing for pharmaceuticals. While in that industry, Rucinski became intrigued by the concept of pharmacy risk and software auditing software.
Tricast Inc., of Wauwatosa is in its 15th year. Today the company has seven software solutions on the market designed to offer decision support, auditing and consulting services for pharmacy benefits risk management companies.
“Our solutions help companies navigate the complicated world of today’s health care environment,” Rucinski said. “We provide the financial oversight and best practices to help control costs.”
The company is in the process of patenting its software solutions, and since its inception, the company has helped reduce pharmacy benefit costs for clients by tens of millions of dollars.
The company has experienced a consistent 30 percent growth rate and Rucinski expects the company to grow to 10 times its size in the next few years.
“So far our growth has been very organic,” Rucinski said. “Now we feel we’re at a point where we can roll out a strategic expansion plan. So that’s what we’re going for.”
Tricast specializes in software solutions that help clients consolidate and promote best practices, eliminate fraud, facilitate the selection process of the PDM vendor, and help ensure clients are in compliance with the complex regulatory environment of health care, Rucinski said.
In March, the company released its Gaps in Care Analysis product that enables organizations to gauge effectiveness and performance of its wellness and preventive medicine programs.
The Gaps in Care analysis identifies discrepancies between recommended medical care and what is actually provided to the patient.
“When we have these results, we can prioritize, or ‘risk stratify,’ opportunities for intervention and determine the best approach for closing the gap in care,” said Rucinski. “Our goal is to continue to expand our offerings in the marketplace. Our real goal is to be able to provide decision support virtually instantaneously to our clients.”