OVERLAND PARK, Kan., Dec. 7, 2016 /PRNewswire/ -- Rx Savings Solutions has partnered with the State of West Virginia and its Public Employees Insurance Agency (PEIA) to offer more than 220,000 of its insurance plan members access to their innovative healthcare software, ultimately saving money on their prescriptions.
"We are pleased to partner with PEIA and provide its members with access to our software that will alert them any time a price changes or a more effective, affordable therapy can be found," says Michael Rea, founder and CEO of Rx Savings Solutions. "Like so many government entities, health plans and private employers, West Virginia has seen its pharmacy costs skyrocket. Working together, we will change that by empowering members to save money, creating a negative year-over-year pharmacy trend."
Rx Savings Solutions helps educate employers and consumers on ways to reduce their spend on prescription drugs. The state-of-the-art tool relies on patented algorithms to analyze thousands of recommendations to find the best clinical option while maximizing savings.
Rx Savings Solutions serves organizations nationwide with marquee clients including Blue Cross and Blue Shield of Kansas City, the State of Kansas Employee Health Plan, Community Health Options Health Plan, BH Media Group—a Berkshire Hathaway company—and American Century Investments, among others.
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 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 their 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 members nationwide. For more information, visit rxsavingssolutions.com or follow them on LinkedIn and Twitter.
About West Virginia Public Employees Insurance Agency
The Public Employees Insurance Agency (PEIA), which is a state agency under the Department of Administration, administers affordable insurance programs and services that protect, promote and benefit the health and well-being of its more than 220,000 members. PEIA members include employees of the county schools, higher education, state agencies, local governments, retirees and survivors.
S&C Public Relations Inc.
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SOURCE Rx Savings Solutions