Nov 30, 2021 | Case Studies, Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, 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...
Oct 6, 2021 | Comparative Effectiveness, Cost Savings, MedBen Rx, Rx Costs, Savings
By using comparative effectiveness to deliver the best drug outcomes, MedBen Rx clients save between 10-30% on pharmacy costs. Would you like to find out how much you could save? MedBen Rx offers a no-cost, no-obligation analysis of the savings potential from adding...
Aug 9, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, Generic Drugs, MedBen Rx, Rx Costs, Savings
Generic doesn’t always mean cheap. As this list recently compiled by GoodRx demonstrates, the monthly cost of some popular generic drugs can actually rival or exceed well-known brand medications. MedBen Rx comparative effectiveness ensures that members are using...
Jul 12, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, 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 14, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, MedBen Rx, Prescription, Rx Costs, Specialty Drugs
The prices of 260 popular brand-name prescription drugs rose 3% from 2019 to 2020 – twice as much as the 1.3% rate of inflation during the same period, according to a new AARP report. Their analysis also found that over the past 15 years, prices of 65 common brands...
Jun 1, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
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...
