OVERLAND PARK, Kan., Nov. 1, 2018 /PRNewswire/ -- Curbing the high cost of prescription drug spending generated more momentum with the latest partnership by the Health Transformation Alliance ("HTA"). The HTA, a co-op of major employers that combined forces to provide better health care outcomes and greater value in members' healthcare spend and delivery, has selected Rx Savings Solutions as its preferred vendor for innovative prescription savings software that empowers employers and employees to become better healthcare consumers.
Part of the HTA's mission is to provide guidance for employees faced with complicated healthcare choices. Rx Savings Solutions was chosen for the shared mission and a unique ability to:
- Curb the high cost of prescription drugs through advocacy, decision support and transparency – The platform layers on top of a client's existing pharmacy benefit to provide unbiased, personalized prescription guidance. Rx Savings Solutions' concierge-style model offers pharmacy technician access to all members to assist in navigating their pharmacy savings options.
- Empower the consumer with access and alerts – Patented algorithms analyze all possible clinical and financial data to maximize savings opportunities. Proactive savings notifications automatically find the consumer. No searching is required.
- Maximize savings for employers and employees – Rx Savings Solutions drives consumerism and engagement for employees by focusing on pharmacy spend. In addition to large, Fortune 500 Employers, Rx Savings Solutions also services health plan clients. A client of Rx Savings Solutions since 2016, Blue Cross Blue Shield of Kansas City saw an over 4:1 Return on Investment (ROI) in 2018.
"We chose to partner with Rx Savings Solutions based on our mutual goal of creating a more transparent, efficient marketplace," said Robert Andrews, HTA chief executive officer. "Their expertise and knowledge of the entire landscape—clinical, prescription benefits, and how to help employers and employees make the best choices—is key to leading the charge for change in how consumers purchase prescription drugs."
At the heart of the innovative software are more than 20,000 clinical prescriptions savings recommendations. All Rx Savings Solutions suggestions are curated and vetted by an in-house pharmacy team based on peer-reviewed, evidence-based and fully referenced compendia.
"We are delighted to partner with such a purposeful group as the HTA with the collective agenda to foster industry-wide change," said Michael Rea, a clinical pharmacist who founded and currently leads Rx Savings Solutions. "Consumers continue to be trapped in the complex world of pharmacy, one we are battling to help them navigate. We are proud to make it easier than ever for them to understand prescription options and costs."
Rx Savings Solutions' system is HIPAA-security compliant. All interaction between the software platform and the member is confidential. Rx Savings Solutions delivers the most precise, bias-free and cost-effective data to members based solely on the location and medication needs of each user, while keeping them within their benefit plan.
About the Health Transformation Alliance
The Health Transformation Alliance (HTA) is a cooperative of 47 of America's leading employers (including IBM, Lincoln Financial Group, The Hartford, and others) that have come together to fix our broken healthcare system. With responsibility for more than 7 million covered lives and a collective annual health care spend of $26 billion, the member companies of the HTA have combined their resources, knowledge and experience to transform the way health care is delivered. To that end, the HTA has developed value-driven solutions in Data & Analytics, Pharmacy, Medical and Consumer Engagement specifically designed to improve patient care and economic value.
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 the team's 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 2.5 million members nationwide. For more information, visit rxsavingssolutions.com or follow them on LinkedIn and Twitter.
S&C Public Relations Inc.
SOURCE Rx Savings Solutions