Title: Chief Executive Officer
Company: Phoenix Benefits Management
Location: Cumming, Georgia, United States
David B. Chapman, Chief Executive Officer at Phoenix Benefits Management, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in Pharmacy Benefits Management.
Mr. Chapman has established a distinguished career marked by innovation, resilience and a steadfast commitment to transparency. As the chief executive officer of Phoenix Benefits Management in Cumming, Georgia, since 2020, he has overseen all aspects of the company’s operations, including managing insurance deductions, conducting clinical drug reviews and ensuring medication compatibility for patients. Under Mr. Chapman’s leadership, Phoenix Benefits Management has experienced significant growth while maintaining a focus on improving industry practices and upholding transparency with clients regarding services and costs. His expertise in prescription cost savings optimization has enabled the company to save millions of dollars for clients through innovative strategies, all while ensuring members receive comprehensive care and necessary services.
Before taking on the responsibility of chief executive officer, Mr. Chapman spent nearly a decade in the role of president, beginning in 2011. During this period, he played a pivotal role in founding and building the business without relying on outside equity or bank loans, a rare accomplishment in the industry. This independent approach allowed Phoenix Benefits Management to grow organically and maintain full control over its mission and values. Mr. Chapman’s leadership during this time set the foundation for the company’s reputation as a transparent and client-focused organization.
Earlier in his career, Mr. Chapman was the director of business development at a pharmacy benefits manager in Atlanta, Georgia, from 2006 to 2011. For over five years, he gained valuable experience in business growth strategies and deepened his understanding of the complexities within the pharmacy benefits sector.
Mr. Chapman’s educational background has been instrumental in shaping his professional journey. He earned a Bachelor of Business Administration in business and managerial economics from The University of Texas at El Paso in 2005. Ten years later, he acquired a Master of Business Administration from Baylor University in 2015, where he also completed coursework in business administration and management. These academic achievements provided Mr. Chapman with a strong foundation in business principles and strategic thinking, which have been critical to his success as an executive and innovator.
Beyond his professional accomplishments, Mr. Chapman is deeply involved in his community. He dedicates time as a volunteer coach for youth recreation leagues, guiding teams in football, basketball and baseball for his children and their peers. His company also sponsors youth athletic programs to help keep participation costs accessible for families, reflecting his dedication to supporting future generations.
Mr. Chapman attributes much of his success to Phoenix Benefits Management’s unwavering commitment to honesty and transparency when engaging with clients and consultants. By prioritizing openness about services, deliverables and costs, and charging only what is necessary to sustain operations, he has cultivated trust among clients and partners. This philosophy has earned Phoenix Benefits Management recognition as one of the most approachable companies in its field. Additionally, Mr. Chapman’s early exposure to the pharmacy benefits management industry during high school and college summers included working at his father’s pharmacy switch company. Through hands-on administrative work, Mr. Chapman developed an intrinsic understanding of the industry that would later inform his approach to leadership and problem-solving.
Looking ahead, Mr. Chapman remains committed to expanding Phoenix Benefits Management’s impact by advancing cost-effective, transparent solutions within the pharmacy benefits management industry. He aims to build greater awareness around this new model and continue challenging prevailing practices that do not serve customers’ best interests, further solidifying his legacy as an innovator dedicated to positive change for self-funded employers and their members.
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