Employers can drastically reduce their prescription costs by working with Benmedica to provide enhanced information to doctors during patient visits through their Electronic Health Record systems (EHRs).
Our solutions have a proven track record of $12 per member per year savings and $167 per member per year or more potential savings based on historical claims data analysis.
Benmedica works to supplement your current pharmacy benefit formulary information. Using claims data, we can track results, adjust as needed, and continue to lower costs.
Communicating Drug Benefit Information to Doctors Electronically
Currently, simple, unenhanced formulary data is costing employers millions each year. By expanding the information doctors receive during office visits, and making it smarter, employers can guide prescription decisions and avoid paying for more expensive and non-preferred medications.
Most formulary data only includes basic coverage information like formulary status and drug tier. Without access to copay information, physicians don’t know how much their patients will pay at the pharmacy for their drugs. This information can be included in nearly all of today’s EHRs without additional implementations.
In the typical ePrescribing sample display below, the physician only sees the tier level of a 30-day supply of Livalo 1 MG tablets. No other coverage or cost information is available to guide the prescriber’s choice.
With Benmedica’s enhanced display, the doctor can see that the selected prescription costs the patient $80 for a one-month supply or $160 for a 90-day supply. He or she can also see multiple lower-priced alternatives to Livalo by their equivalent dose. By choosing a recommended alternative, the doctor can save the patient $77 a month.
With access to better information, the doctor also generates plan savings of $170 per prescription or $2,040 per year.
When Benmedica scales these savings across a plan, we achieve unprecedented savings for both employers and employees, leading to better health outcomes.
Leveraging Digital Health Technology for Drug Savings
Today, multiple sources of data converge in EHRs to present drug and PBM formulary information to physicians. We enhance and optimize this information to give doctors better data that integrates seamlessly with current digital prescribing technology and ePrescribing software.
By improving prescription coverage data, we empower doctors to make the best drug decisions for their patients. When patients can afford their medications, they are more likely to remain on treatment and to enjoy better health outcomes.
The Value of Better Prescription Information for Employers
Better information can yield significant savings for employers if doctors adopt even a small portion of recommendations. A 100,000-member plan can realize $2.5 million in savings per year if only 13% of our recommendations are adopted.
Getting Started
Contact us to learn more about how we can help you save money on prescription spending or get started with a gap analysis to calculate your savings opportunity using claims data.
