Pharmacy benefits represent an increasingly significant piece of the healthcare benefits puzzle. The complexities involved in managing today’s drug plans make it harder than ever to contain costs and improve the quality of patient care.
Many employers work with pharmacy benefit managers to increase efficiencies and decrease drug costs. But traditional PBM arrangements are fraught with conflicts of interest. As a result, PBMs are often the ones that benefit the most from this relationship. They retain pharmaceutical manufacturer rebates, mandate the use of their mail order facility and collect undisclosed revenue through “spread” pricing.
These hidden practices can leave you with a murky picture of the real costs of your drug plan. Additionally, most PBMs offer “one-size-fits-all” packages that fail to take into account your specific needs.
We have eliminated all conflicts of interest and are fully aligned with your goals. At TransparentRx we take the time to understand your unique needs and challenges. We work closely with you to custom-tailor a plan that provides the lowest possible pharmacy costs and the most appropriate care at a price you and your employees can afford.
Our custom care solution eliminates the hidden mark-up or “spread.” We do not retain any manufacturer revenue or rebates, network discounts or any other incentives. Instead, we pass-through 100% of the savings and manufacturer revenue to you through a readily verifiable and auditable system accessible right from your desktop.
This strategy of fiduciary standards ensures our motivation to be a steward of your best interests. We maximize generic savings, select the lowest net cost brands in the formulary decision process, and implement cost-reduction strategies that will save you money and help keep your employees healthier.
”…when we wrote the check each month for our drug plan, I thought that the ingredient cost and dispensing fee charged were actually being paid to the pharmacy provider. I was amazed. For the first time I could actually see how much money was being retained by the old PBM and how much is truly being saved with TransparentRx…”
How much could you be saving? Get a Plan Performance Assessment report from TransparentRx.
Contact us at 702.990.3559 or firstname.lastname@example.org to identify your savings opportunities.
Allow us to share our expertise and partner with you to design the best drug benefit plan for you and your employees.
Provide us with 12 months of actual claims data.
We’ll analyze the real costs of your current plan and provide you with the potential savings opportunities, knowledge to help make informed decisions and the tools necessary to achieve your goals.
And, unlike any other PBM, TransparentRx will offer a fiduciary contract.
Custom-built plans based solely upon your program goals.
The FiduciaryRx Administrator Program is the most feature-rich and functionally flexible claims adjudication engine available today.
We create a formulary that helps you achieve your fiscal goals and offer maximum benefits to your employees.
We negotiate the best possible rebates to maximize your drug benefit dollars.
Our extensive network includes more than 65,000 pharmacy partners.
Our multilingual customer call center is available 24/7.
We offer cost-containment programs and guidance to maximize incremental savings.
We offer instant access to “real-time” data in formats that are meaningful and useful.