KANSAS CITY, Mo., Nov. 6, 2014 /PRNewswire/ -- BH Media Group, a Berkshire Hathaway company, has selected Rx Savings Solutions to provide a cost-effective answer to increasing prescription drug expenses. Rx Savings Solutions is the innovator behind a patented software system that helps organizations and their employees save money on pharmaceutical costs.
As the cost of healthcare continues to rise, employers are looking for solutions to help save money while still providing competitive benefits for their employees. Rx Savings Solutions has an exclusive platform that analyzes thousands of clinical recommendations to find the most affordable offering for both the employee and employer. Employees are alerted via email or text message when a cost-savings opportunity exists. They log in to a user-friendly website to review a custom report of cost-savings options. It's often as easy as identifying better pricing at their current pharmacy, or changing pharmacy locations closer to their home.
"As pharmacists we recognized the need for a solution to increasing healthcare costs and we believe our system can create extraordinary savings for families of BH Media Group employees, just as we've done for others across the nation," said Michael Rea, PharmD, who is the founder and CEO of Rx Savings Solutions. "The software takes a look at where users live, their medication requirements, possible alternatives and pricing information to provide the most accurate cost-savings recommendations."
After seeing customers struggle to pay high out-of-pocket costs for monthly maintenance medications, Rea and business partner Dr. Douglas Besch – also a pharmacist – set out to create a system to help people find the lowest possible prices on pharmaceuticals. Although Rx Savings Solutions launched as a direct-to-consumer model back in 2008, the Kansas City-based company has evolved to serving larger, self-insured organizations, like BH Media Group and the State of Kansas Employee Health Plan.
"We look forward to delivering measurable financial savings on prescription drug costs to BH Media Group and its employees," said Besch.
The 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.
For more information about Rx Savings Solutions, visit www.rxsavingssolutions.com.
About Rx Savings Solutions
Rx Savings Solutions created an innovative, patented software platform to deliver its prescription price transparency solution to employers and their covered members. Founded and operated by a team of pharmacists and software engineers, Rx Savings Solutions supports a collaborative approach for employers to offer a transparent solution that delivers information and engages their employees. Rx Savings Solutions can ultimately lead to a savings potential of up to 22 percent for the employer and up to 45 percent for the employee. For more information, visit www.rxsavingssolutions.com.
About BH Media Group
BH Media Group, headquartered in Omaha, is a wholly owned subsidiary of Berkshire Hathaway Company (NYSE: BRK.A and BRK.B). BH Media Group owns 30 daily newspapers, related weekly newspapers and a television station. BH Media Group has operations in Nebraska, Alabama, Florida, Iowa, Oklahoma, New Jersey, North Carolina, South Carolina, Texas and Virginia.
SOURCE Rx Savings Solutions