SAN DIEGO, June 20, 2017 /PRNewswire/ -- InteliScript, pioneer of the first real-time prescription transparency platform, today announced that it has changed its name to InteliSys Health™. The change reflects the company's strategic expansion beyond prescribing-focused solutions to a cloud-based platform uniting actionable data and predictive analytics for delivering the lowest prescription costs across the healthcare landscape, along with information on medication fill behavior.
Today, 74.2 percent of physician office visits result in prescription drug therapy, and these prescriptions are being written without the patient or doctor knowing what the medication will cost or which pharmacy offers the lowest price. The lack of transparency comes at a bad time for patients. Average annual out-of-pocket costs for medications rose almost 230 percent between 2006 and 2015, according to the Kaiser Family Foundation, largely as a result of the increasing prevalence of high-deductible health insurance plans. Combined with skyrocketing drug prices, the increase in patient financial responsibility has more patients worried about their ability to pay for the drugs their doctors prescribe.
To help, InteliSys Health delivers the industry's first real-time prescription transparency platform, delivering an intelligent, dynamic view of the lowest prescription drug pricing, drug fills and refills, and alternative drug therapies within one second or less at the point of care and within the e-prescribing workflow of the electronic health record (EHR). Maintaining this functionality as part of the EHR enhances the value of the system while adding convenience to the physician.
"There is a great deal of secrecy surrounding drug prices and prescription utilization data, leaving providers to prescribe medication without the complete picture," said Thomas Borzilleri, CEO and founder of InteliSys Health. "Patients won't pick up prescriptions they can't afford and, until now, doctors have had no visibility into pricing or fill data. InteliSys Health is transforming healthcare by aligning the needs of patients, providers and payors within the industry's first real-time prescription pricing model."
Lack of medication adherence can lead to another trip to the doctor in a few days or, in extreme cases, to the emergency room. InteliSys Health's flagship solution, RxStream™, addresses this issue by empowering providers and patients with an intelligent, transparent view of prescription drug pricing, drug fills and refills, and alternative drug therapies within one second or less at the point of care and within the e-prescribing workflow. Matching patient, provider and payor requirements, InteliSys Health's analytics-driven platform drives maximum cost savings, workflow efficiencies, patient safety and health outcomes while supporting a successful transition to risk-based alternative payment models.
InteliSys Health also assists payors and employers lower costs by displaying the alternative, lower-priced clinically equivalent drug, along with the payor or employer preferred pharmacy to guide clinical decision-making around appropriate, cost-effective drug therapy. By lowering drug prices, premium hikes and higher copays may be averted.
About InteliSys Health
InteliSys Health shifts the paradigm of medication pricing by aligning the needs of patients, providers and payors within the industry's first real-time prescription transparency platform. Powered by the union of actionable data and predictive analytics, the ground-breaking technology delivers the lowest prescription costs while offering new opportunities for improved medication adherence and compliance. By connecting disparate data and stakeholders across the care continuum, InteliSys Health empowers providers and patients with an intelligent, transparent view of prescription drug pricing, drug fills and refills, and alternative drug therapies within one second or less at the point of care and within the e-Prescribing workflow. The analytics-driven platform drives maximum cost savings, workflow efficiencies, patient safety and health outcomes while successfully addressing the new landscape of shared risk payment models, cost containment and outcomes-based reimbursements. For more information, please visit www.InteliSysHealth.com.
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SOURCE InteliSys Health