Nov 30, 2021 | 340B, Acquisition Cost Index (ACI), Case Study, Comparative Effectiveness, Health systems, MedBen Rx, Own Use, Pharmacy Benefits Manager (PBM), Prescription drugs, Rx Costs, Rx Spending, Savings
In their first year with MedBen Rx, a regional health system lowered costs by $4.6 million through pharmacy savings and added revenue. This includes a 30% reduction in employee pharmacy plan spend. The health system had previously entered into three-year agreement...
Jul 12, 2021 | MedBen Rx, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, Transparency
Lack of disclosure is a common theme for many pharmacy benefit managers (PBMs), be it with employers or state governments. From Benefits Pro: “At least a half-dozen states and the District of Columbia are investigating pharmacy benefit managers, The Wall Street...
Jun 1, 2021 | Formularies, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription drugs, Savings, Transparency
MedBen Rx clients save 21.6% when switching from traditional PBMs. What accounts for such a substantial difference? With MedBen Rx you pay what the pharmacy pays – we use the drug’s acquisition cost as a baseline to reduce your costs. MedBen Rx offers total...
May 17, 2021 | Comparative Effectiveness, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription drugs, Savings
MedBen Rx clients can save between 10-30% by using comparative effectiveness focusing on the best drug outcomes. One way it does this is by dispelling the costly misperception that “new is better.” “A new FDA approved drug doesn’t mean it’s better than existing...
Dec 10, 2020 | MedBen Rx, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, Transparency
A Columbus Dispatch article outlines the struggles Ohio Medicaid has experienced in trying to “rein in the middlemen in the prescription drug supply chain” – pharmacy benefit managers. Their year-long effort to replace outsider PBMs with a state-run PBM has met with...
Sep 18, 2020 | MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rx Costs, Rx Spending, Savings, Transparency
Employers could save billion of dollars every year by avoiding “wasteful drugs,” according to BenefitsPro. Guidelines from Pacific Business Group on Health and and researchers from Johns Hopkins University identified 49 high-price medications with less costly...
