Mail Order Pharmacy
Transcription
Mail Order Pharmacy
Added-Value Services Coming soon! Programs such as Auto-Refill, Sync Rx and email and text notifications assist members in managing their prescriptions. These programs save time and keep the member’s medications on track. miRx encourages members to understand the advantages of each program. Members may choose the program that works best for them, but they are not required to participate in any program. iRefill, a smart phone application that patients can use to manage their prescriptions. Auto Refill Questions? Members may opt-in or opt-out of the Auto Refill program—there is no automatic enrollment. Having prescriptions on Auto Refill increases compliance, ultimately reducing healthcare costs. For any questions regarding miRx, please call 866.894.1496 or email us at [email protected]. Medication Therapy Management available for high cost/ high risk patients. SyncRx The goal of SyncRx is to synchronize prescription fills and delivery dates to improve medication adherence and the customer’s experience. This is accomplished by decreasing the number of packages delivered and assuring the customer has the appropriate supply of their medication. The program saves time, keeps medications timely and eliminates waste, decreasing costs to both the member and the plan. Patients receive personal phone calls from the pharmacy to address any questions or concerns about the medications and to verify, prior to mailing, that no medications have been discontinued. Mail Order Pharmacy PO Box 21669 • Billings, MT 59104 P 406.869.6551 T 866.894.1496 F 406.869.6552 [email protected] • www.ebms.com www.ebms.com A sensible approach to mail order Benefits for Members Mail Service pharmacies are the largest profit center for mainstream Pharmacy Benefit Managers (PBMs). Large national PBMs leverage their massive purchasing power to acquire medications at significant discounts – far superior to the discount achieved in the retail pharmacy environment. However, only a portion of the discount advantage at mail service is passed on to the client in a traditional PBM mail service contract. The PBM retains much of their discount advantage as profit in the buysell spread model. That is, the PBM purchases drugs at one price and contracts with their clients at a different price – the difference is profit to the PBM. • The miRx cost plus model eliminates the traditional PBM model entirely – with miRx the cost of the drug to the client is simply the cost of the medication plus a dispensing fee. There is no spread manipulation margin to the PBM, no undisclosed revenue and the mail service pharmacy discounts are 100% transparent and auditable. Transparent Cost Savings • • • Average savings of $16.43 per 90-day maintenance medication prescriptions miRx delivers instant savings when higher-cost, brand name medications go off patent and become less expensive generics No AWP manipulation or NDC re-packaging games which are common in the marketplace • • • • • Medicine delivered to the privacy of the members home Ordering available 24 hours a day, 7 days a week via phone or online Text or email notification when Rx is completed and mailed Prescriptions received in about 5 business days Medication Management programs available to help increase patient compliance and ease of ordering Next day delivery available in emergency situations Benefits for Clients • • • • Home Delivery of prescriptions is proven to increase patient medication adherence – higher levels or medication adherence result in lower overall plan costs Non-adherence to prescription medication is estimated to cost up to $290 billion per year and accounts for nearly 20% of all hospitalizations. One study showed that compliance for medications taken for anti diabetics, antihyperlipidemics and antihypertensives was 7 to 8 percent higher for people using mail order. The same study showed that for every $1 spent on diabetes medication saves $7 in medical costs. When well analyzed plan designs with the appropriate member cost shares are implemented, mail service delivers significantly greater plan and member savings than retail and retail maintenance programs As more brand drugs lose patent protection and convert to generics, mail service offers a higher brand to generic conversion percentage that then the retail channel Faster Turnaround on Prescriptions Average turnaround time between order and receipt of the prescription is 5 business days, Next day delivery is available in emergent situations. Specialty Program Specialty medications through miRx are processed by skilled pharmacists who provide knowledgeable consultation before each specialty product is mailed. Diabetic Programs miRx uses True Results Glucose meters and test strips to save money for clients while preserving product quality for members. miRx also encourages all diabetics to enroll in auto refill or Sync to increase compliance and education.