Feb 3, 2023 | Alternative Reimbursement Strategies, Claims, Cost Savings, Direct-to-Employer Contracting, Drug costs, Forensic claims review, Gene therapy, Health care costs, Inflation, MedBen Rx, MedBen WellLiving, Prescription, Rx Costs, Savings, Specialty Drugs, Wellness
Even though health care costs have not seen the same rate of inflation as other industries, that’s about to change. Fortunately, MedBen has a variety of inflation-hedging solutions to counter rising costs. As a recent Self-Insurer article notes, health care...
Jan 23, 2023 | Avande, Cost Savings, Drug costs, Gene therapy, Luke Burchard, MedBen Rx, Rx Costs, Savings
In two recent articles, we touched on the growing prevalence of high-cost drugs, some with price tags in the thousands and even millions of dollars: Drugmakers are raising prices on over 350 unique drugs this month.Innovative gene therapies have emerged that cost as...
Jan 19, 2023 | Cost Savings, Out of network, Savings, Unwrapped
If your plan has a primary network structure, MedBen has an ideal way to lower your costs on out-of-network care – saving you, on average, 76% off of billed charges. We’ve partnered with The Phia Group to offer Unwrapped, a comprehensive pricing...
Dec 26, 2022 | Cost Savings, Drug costs, MedBen Rx, Savings, Specialty Drugs
From earlier this year: “Health plans and pharmacy benefit managers (PBMs) that manage drug costs… say specialty drugs now account for 50% or greater of the total prescription spending they manage. In some cases, employer clients are seeing specialty costs...
Nov 26, 2022 | Cost Savings, MedBen Access, Member Prescription Portal, Mobile App, Online Services, Prescription, Rx Costs, Savings
From WebMd: “Prices for medications may be very different from pharmacy to pharmacy, even within the same ZIP code. So you may be able to save money on your medicines by shopping around for the best price. “Every pharmacy… has its own markup on drugs. Prices...
Oct 18, 2022 | Cost Savings, Formularies, MedBen Rx, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, White paper
Major pharmacy benefit managers (PBMs) use “smoke and mirrors” to make you believe they’re saving you money on prescription drugs: On the one hand, PBMs offer you administrative fee credits – fixed cost reductions that make up just a small portion of...
