Jan 10, 2020 | Cost Savings, MedBen Rx, Prescription, Rx Costs
It is not uncommon for drug manufacturers to raise prescription drug prices at the beginning of the year, and 2020 is no exception. According to new consultancy data, U.S. drug prices increased an average of 5.3 percent on January 1st. Among the common medications...Dec 27, 2019 | Announcements, Claims Management, Cost Savings, Health Plan Management, Kurt Harden, MedBen Access, MedBen Analytics, MedBen Rx, Mobile App, Online Services, Prescription, Preventive Care, Primary Care, Reporting, Rx Costs, Savings, Self-funding, Third party administration, Wellness
Welcome to a new decade! During the past 19 years, MedBen has dedicated itself to finding ways to enhance your benefits experience, from claims surveillance that ensures you pay the right cost for the right care to our money-saving MedBen Rx pharmacy solutions that...Nov 15, 2019 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings, Self-funding
Prescription drug pricing is regularly a hot topic in the news and from political candidates. While lawmakers seek to address consumer concerns, MedBen already has innovative pharmacy solutions in place that offer employers price transparency and cost savings. With...Oct 18, 2019 | MedBen Rx, MedBen Rx Advocate, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Spread Pricing, Transparency
A key to reducing pharmacy plan costs is to eliminate the use of spread pricing – the difference between what pharmacy benefit managers (PBMs) charge employer plans for drugs and what the actual pharmacy pays for them. Often, this “spread” can be substantial, as PBMs...Sep 7, 2019 | MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs
An article released by Health Payer Intelligence focuses on the concern that employers have about the rising cost of health care. More specifically, the article states that with 85 percent of employers surveyed, pharmacy pricing was their predominant concern going...