OVERLAND PARK, Kan., Nov. 2, 2015 /PRNewswire/ -- American Century Investments®, a leading privately-held investment management firm, announced today a new partnership with Rx Savings Solutions designed to provide better, more affordable healthcare for employees. By activating Rx Savings Solutions' patented technology, American Century Investments will help reduce costs, reduce complexity and empower employees to be more engaged consumers of healthcare. The solution will be available to all American Century Investments employees and health plan members.
"At American Century Investments, we have the opportunity to help influence our employees to be empowered consumers of healthcare, which is why we've chosen to work with Rx Savings Solutions," said Julie Smith, American Century's vice president of compensation and benefits. "By implementing Rx Savings Solutions' innovative software, we're helping our employees and health plan members navigate through the complexities of prescription drugs and find medications that will positively affect drug costs."
Rx Savings Solutions provides an online tool that alerts members when a savings opportunity exists for prescriptions accessible at pharmacies near their homes. This can be a combination of optimizing clinical therapies or finding lower pricing at local pharmacies. Members can select to receive these alerts via email, text messages, phone calls or other personalized outreach programs.
"As consumers demand more competitive healthcare options and the market evolves, it's vital for health plans and employers to help people become more involved in understanding the financial impact of their decisions," said Michael Rea, founder and CEO of Rx Savings Solutions. "Through this new partnership with American Century Investments, we are offering a solution to this growing request, providing valuable resources to aid in these financial decisions, while simultaneously delivering proven savings on monthly medications."
Rx Savings Solutions helps health insurers and self-funded employers drive consumerism and engagement for employees by focusing on the most predictable spend in healthcare—pharmacy. Utilizing its patented software solution, Rx Savings Solutions works with members to eliminate complexity, change behavior and ultimately save both the member and self-funded employer or health plan money. Using years of academic and clinical experience, Rx Savings Solutions is able to deliver proven, cost-saving results and valuable educational resources for both employers and employees.
Based in Kansas City, Rx Savings Solutions serves self-insured organizations nationwide with marquee clients including Blue Cross and Blue Shield of Kansas City, the State of Kansas Employee Health Plan, BH Media Group—a Berkshire Hathaway company—and now, American Century Investments.
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.
About Rx Savings Solutions
Rx Savings Solutions offers an innovative, patented engagement software empowering employers and employees to be educated consumers of healthcare. Rx Savings Solutions' mission is to provide employers and employees lower-cost prescription options. 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 personalized recommendations on ways to optimize therapies to members, while achieving savings results for both employers and employees. Located in Kansas City, Rx Savings Solutions serves health plans, pbms, self-insured businesses and their health plan members nationwide. For more information, visit rxsavingssolutions.com.
About American Century Investments
American Century Investments is a leading privately-held investment management firm, committed to delivering superior investment performance and building long-term client relationships since its founding in 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. Delivering investment results to clients enables American Century Investments to distribute over 40% of its profits to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute is the controlling owner of American Century Investments and has received dividend payments totaling over $1 billion since 2000. For more information about American Century Investments, visit www.americancentury.com.
SOURCE Rx Savings Solutions