Jun 14, 2021 | Brand Name Drugs, Comparative Effectiveness, Cost Savings, MedBen Rx, Prescription, Rx Costs, Specialty Drugs
The prices of 260 popular brand-name prescription drugs rose 3% from 2019 to 2020 – twice as much as the 1.3% rate of inflation during the same period, according to a new AARP report. Their analysis also found that over the past 15 years, prices of 65 common brands...
Jun 1, 2021 | Cost Savings, MedBen Rx, Pharmacy Benefits Manager (PBM), Prescription, Rx Costs, Savings
MedBen Rx clients save 21.6% when switching from traditional PBMs. What accounts for such a substantial difference? With MedBen Rx you pay what the pharmacy pays – we use the drug’s acquisition cost as a baseline to reduce your costs. MedBen Rx offers total...
May 18, 2021 | Alternative Reimbursement Strategies, Case Studies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing
A MedBen Client switched from a traditional PPO plan to direct-to-employer (DTE) contracting in 2016. They contracted directly with multiple health systems, and paid for non-contracted care using reference-based pricing (RBP). By contracting with selected health...
Mar 23, 2021 | Alternative Reimbursement Strategies, Cost Savings, Direct-to-Employer Contracting, Reference-Based Pricing, Savings
In 2020, MedBen alternative reimbursement strategies outperformed traditional PPO plans by 23.5%. Strategies like reference-based pricing (RBP) and direct-to-employer (DTE) contracting offer better pricing to employers and members. There are many RBP strategies...
Feb 23, 2021 | Announcements, Compliance, Cost Savings, Direct-to-Employer Contracting, MedBen Analytics, MedBen Rx, MedBen University, Reference-Based Pricing, Regulatory, Rx Costs, Savings, Webinars
We are excited to announce the 20th Season of MedBen University (MBU). Our 2021 season starts with virtual roundtables and focus on topics including: New and emerging strategies for Rx benefits, with case studies Growing popularity of direct-to-employer contracting,...
Feb 8, 2021 | Cost Savings, Emergency Room (ER), Primary Care, Savings, Urgent Care, Wellness
Many people use the emergency room as a place to receive after-hours care for minor illnesses or injuries without realizing they have another option for far less cost. For MedBen clients in 2020, 23% of ER visits were potentially avoidable. The table below lists...
