Patented software continues to provide valuable savings on prescription drugs
OVERLAND PARK, Kan., Sept. 12, 2017 /PRNewswire/ — The State of Kansas Employee Health Plan has extended its existing engagement with Rx Savings Solutions to provide the proactive, cost saving software to its health plan members for their prescription drug needs. Currently, over 84,000 are being served by the digital tool, which provides pharmacy cost containment and decision support.
The State of Kansas chose to renew their multi-year contract with Rx Savings Solutions after noting immense value to both their members and health plan. Thirty-four percent of employees are currently engaged with the program and the health plan has seen a savings of $14.9 million to date. The program was chosen over others competing in the space for its patented, personalized and proactive approach.
Founded by pharmacist Michael Rea, Rx Savings Solutions arms health insurers and self-funded employers with options to drive down the most predictable and repeated spend in healthcare—pharmacy. Multiple outreach techniques are used to drive savings. The desktop and mobile app is offered by US employers and insurers to more than 1.2 million people nationwide.
“We are excited to continue working with the State of Kansas to help their members navigate the complexity of prescription drug prices,” says Michael Rea, founder and CEO of Rx Savings Solutions. “Members trust our unbiased third-party guidance and our unique, proactive approach that drives engagement and savings.”
Rx Savings Solutions also serves Blue Cross and Blue Shield of Kansas City. Other marquee clients include Sprint, Teachers Health Trust, Community Health Options Health Plan, West Virginia Public Employees Insurance Agency, BH Media Group—a Berkshire Hathaway company—and American Century Investments, among others.
Rx Savings Solutions’ system is HIPAA security compliant. All interaction between the software platform and the employee is confidential. Rx Savings Solutions is without bias and delivers the most accurate, cost-effective data to subscribers based solely on the location and medication needs of each user.
“The power is in the scale. The process of the claims being optimized first clinically, and then by price, catalyzes a chain reaction of sorts – it empowers the member to make personalized, educated choices about their medication needs,” adds Rea.
About Rx Savings Solutions
Rx Savings Solutions offers an innovative, patented engagement software system empowering employers and employees to be educated consumers of healthcare. Founded and operated by a team of pharmacists and software engineers, Rx Savings Solutions supports a collaborative, cost-saving solution for purchasing prescription drugs. Using their clinical backgrounds, Rx Savings Solutions delivers proactive personalized recommendations on ways to optimize therapies to members, while achieving proven savings results for employers, employees and health plans. Located in Kansas City, Rx Savings Solutions serves self-insured businesses, employer groups, health plans and their members nationwide. For more information, visit rxsavingssolutions.com.
S&C Public Relations Inc.
SOURCE: Rx Savings Solutions
RELATED LINKS: https://www.rxsavingssolutions.com