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Since
the launch of InformedRx in 2003, our clients have
experienced significant cost savings and enhanced quality.
An
11,000-member self-funded employer client that left a PBM to
partner with InformedRx, experienced:
28%
reduction in total pharmacy costs achieved through:
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Full pass-through of network contracted rates,
manufacturer rebates and fees
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Aligned incentives that drove better generic and
formulary performance
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Reduction in overall administrative fees
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Better utilization patterns through targeted pharmacist
educational programs
A 120,000-member client that left a major PBM to partner with
InformedRx, experienced:
-
3.0% per-member, per-month increase in cost trend in
2004, as compared to 8.0 - 10.0% PBM industry trend
-
5.5% improvement in the number of lower-cost generic
drugs dispensed
-
5.2% improvement in overall discounts
A
500,000-member Blue Cross Blue Shield plan that left a major
PBM to partner with SXC, experienced:
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400% increase in manufacturer rebates over a two-year
period, with a best-practices approach to direct
contracting
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Significant reduction in pharmacy trend line to below
10%
-
Substantial increase in small group and individual
market penetration as a result of increased benefit plan
control
One hundred percent of all
manufacturer rebates and point-of-sale discounts are passed
through to our clients! Our fully transparent financial model
delivers increased savings opportunities.
PBM Industry Drug Trend:
- Hidden revenue sources
- Misaligned incentives
- Income streams from
manufacturers and networks
InformedRx Drug Trend:
- Fee-for-service transparent
pricing
- ALL revenue controlled by the
client
- Fully auditable
Experience the Value of Control with InformedRx. |
