With a career that began at McDonald’s – first behind the counter and then as an intern at the company’s Oakbrook, Illinois headquarters – Michael Stevens positioned himself at the center of the action as each of his future roles took shape. “I have soaked in the advice and perspectives of all the people I have interacted with over the years,” Stevens said.
Now, as the chief financial officer at Liviniti, a pioneering healthcare company that specializes in pharmacy benefit management, Stevens plays a crucial role in driving the company’s growth and transformation, contributing to its remarkable success in providing transparent, cost-effective drug benefits.
Under his leadership, Liviniti has grown from a small, innovative startup to a national player, expanding its workforce and revenue while maintaining a steadfast commitment to transparency and value for its clients and members.
“Relationships are an important part of working life, and I never lose sight of the opportunities we have to learn from each other,” said Stevens. “Whether it is at a conference table, over coffee or on the golf course, I look for ways to make every interaction count.
Liviniti, founded in 2011, is revolutionizing the industry with a unique “pass-through” pricing model, which returns 100% of drug rebates to plan sponsors, a practice that is rare in the industry. This approach to pricing has led to lower prescription drug costs and improved health outcomes for plan members.
“Entrepreneurs drive change and Mike has a reputation that embraces innovation, transformation and success across the healthcare industry,” said his colleagues. “He recognizes the vital role of affordable medications in optimizing patient health and is proud to be part of an effort to change healthcare for the better.”
One of the major accomplishments during Steven’s tenure is the successful launch of RxCompass, a new product designed to find the lowest-cost drug pathways for members. In its first full year of operation in 2023, RxCompass delivered over $30 million in drug savings, and the company is on track to deliver $60 million in savings in 2024.
As a leader, Stevens is a strong advocate for mentorship and is dedicated to creating a collaborative culture within Liviniti.
“It’s important to me to be a good listener, building a positive culture based on trust, open communication and transparency,” he said. “When employees across the company understand how their roles contribute to the overall mission and vision of the company, we have resource alignment and are well-positioned to achieve our company goals.”