BOSTON, Mass., Nov. 17, 2014 /PRNewswire/ -- Americans spend over $300 billion each year on prescription drugs and it is estimated that there is $148 billion in over-spending annually on prescriptions. To help address this problem, Maxwell Heath announced a partnership today with RxREVU, an innovative medication optimization solution to help consumers save money on their prescriptions. The integration is expected to go live in the first quarter of next year. As Maxwell Health's latest platform partner, RxREVU will join the ranks of industry-leading health concierge service Health Advocate, telemedicine solution Doctor on Demand, child, pet, home and senior care services through Care.com, healthy meal delivery solution HelloFresh, identity theft protection and resolution service ID Watchdog, online wellness and fitness classes via Powhow and at-home health screening and analysis from BioIQ.
Maxwell Health is a revolutionary operating system for employee benefits, featuring a beautifully designed user interface and an intuitive, lifestyle-based system that bundles employee benefits for simplified, personalized benefits enrollment. With Maxwell, employers can combine traditional benefits, including medical, dental, and vision insurance, life insurance, short- and long-term disability insurance, and financial planning products with other innovative best-in-class products and services for their employees.
Maxwell engages employees after enrollment through an intuitive i0S and Android app that includes a virtual insurance card, providing benefits and wellness information 24/7. The Maxwell platform leverages data from these products and services to provide more informed solutions to employees within the mobile app. The app also includes a turnkey wellness program that streams in employee fitness data from market-leading Jawbone UP and Fitbit fitness devices, providing contextualized, relevant feedback to employees. A social layer includes wellness challenges and company leaderboards, and an easy-to-implement rewards marketplace allows employers to reward healthy behavior with gift cards or nonprofit donations.
The platform is also a comprehensive benefits administration solution for HR administrators and supports complex benefits strategies for groups of any size. Maxwell integrates with leading payroll solutions,The Online 401(k) for retirement savings,ConnectYourCare and Discovery Benefits for HRA, HSA, FSA, commuter benefits, and COBRA services and best-in-class HRIS, including BambooHR, Tribe HR and SilkRoad, with more integrations to be announced in the coming months.
RxREVU operates the leading medication savings dataset in the healthcare field, and has developed an advanced algorithm to analyze drug and dosage information and identify strategies save money. RxREVU has developed an advanced algorithm, identifying over 6,500 cost-saving recommendations covering all of the major brand name medications on the market.
"Maxwell Health has had tremendous success in providing tools, technologies, and solutions to employers organizations," said Carm Huntress, CEO of RxREVU, "Our prescription optimization solution will act as a key component to provide critical, evidence-based information needed to help employees and their physicians make the medication decisions that are right for them both clinically and financially. Our solution also addresses all specialty drugs which has become a major concern for both employers and employees. Enabling the right medication decisions, driving adherence, and improving affordability has been shown to improve employee productivity and benefit satisfaction. We're looking forward to providing those solutions to Maxwell Health customers."
Maxwell Health's CEO and Co-Founder Veer Gidwaney also spoke to the partnership, "RxREVU shares our commitment to cost-effective solutions that empower consumers to make smarter decisions around their health. They provide a simple, safe way to work with your existing doctor to optimize prescriptions year round, and we'll be able to leverage that data for more informed health services for everyone on our platform. This is a very exciting partnership for us."
About Maxwell Health
Maxwell Health, a fast-growing industry leader in health IT, is the first Health as a Service platform. This revolutionary operating system for employee benefits engages employees, incentivizes a holistic view of health, and provides a centralized place to access health and benefits services. Maxwell's web portal and mobile app enhance the benefits experience by leveraging data from integrated services, meaning better, more informed health solutions. Market leaders, including benefits brokers, TPAs, carriers, and other vendors, license Maxwell's technology to use with their employer clients.
For more information about Maxwell Health, please visit www.maxwellhealth.com
Denver-based RxREVU, Inc. helps employers and employees lower drugs costs with an innovative medication optimization dataset. This dataset is powered by 12 strategies through an advanced clinical algorithm aimed at providing users with cost & quality options for nearly any drug on the consumer market today. Their medication savings dataset is available to healthcare applications such as insurance portals, provider portals and consumer mobile applications. Visit www.RxREVU.com to learn more about the company.
SOURCE Maxwell Health