Relevant Healthcare's Pharmacy Transparency Tool

Relevant Healthcare's Pharmacy Transparency Tool

• 1.
  PHARMACY TRANSPARENCY Savings Example:Employer with 533 Enrollees Current Annual Drug Spend $972,905 Current Employee Portion $351,317 Savings Identified in Analysis $338,415 Single Claim Example: Zolpidem tartrate 10MG, 90 tablets Member Copay $25 Plan Portion $129 TOTAL Cost via RHCC $8.43 Member Out of Pocket Savings/Fill $16.57 Plan Savings per Year $516 “Within only a few weeks of engaging members to simply inform them of the program and how it is geared to save them money, we saw great participation! Members confirming and entering in their contact and drug data and the system finding nearly $200,000 in savings BEFORE the program was fully automated. Our members are loving it, and we are seeing a measurable ROI. Thanks for introducing it to us. -Account Manager, State Employee Plan For more information on Pharmacy Transparency or the many other cost con- tainment solutions offered by Relevant Healthcare, please contact us at: WWW.RELEVANTHEALTHCARE.COM 855-328-5100 Pharmacy Costs  CMS is projecting an 86% increase in pharmacy spend by 2020.  48.5% of people using at least one prescription drug per month.  In only one year, enrollment in High Deductible plans increased by over 2 million participants. “Educate, motivate and empower members” Advantages of Pharmacy Transparency  Savings! Upwards of 44% to members and 22% to the Plan. Or for every $1 saved by an employee, the Plan saves $6  Offers the employer/union an advocate to help educate membership on how to save on their out-of-pocket pharmacy expenses  Avoids the traditional, unsuccessful programs and takes charge over your costs  A proactive and effective way to support ‘consumerism’ within your organization What makes Relevant’s Pharmacy Transparency Solution Different?  Unlike standard ‘transparency’ solutions, RHCC’s product is quantifiable as its success is based on raw data feeds we get from our payer clients.  Proactive! Engaging! RHCCs product proactively reaches out to members to educate them on how to save—unlike other tools that take a ‘build it and they will come’ approach that yields a very low engagement  The program is led by a Dr. of Pharmacy providing expert oversight and Quality Assurance.