OVERLAND PARK, Kan., Oct. 15, 2018 /PRNewswire/ -- Rx Savings Solutions (RxSS) today announced a partnership with SAP North America to help the enterprise software leader's 20,000 U.S. employees reduce prescription drug spend. The innovative, patented RxSS engagement software system empowers employers and employees to become better healthcare consumers.
Rx Savings Solutions serves health insurers and self-funded employers across the country. The platform layers on top of a client's existing pharmacy benefit to provide unbiased, personalized prescription guidance. More than 2.5 million members have access to the online tool today.
"We are delighted to announce our partnership with SAP and offer their employees the ability to navigate the complexity of prescription drug pricing," said Michael Rea, a clinical pharmacist who founded and currently leads Rx Savings Solutions. "By providing transparent, digital tools directly to our members we enable them to make wise, cost-effective choices with ease."
Patented algorithms analyze all possible clinical and financial data to maximize savings opportunities. Personalized notifications are sent to individual members by email and/or text whenever savings opportunities are found.
"Rx Savings Solutions has a proven track record of revolutionizing how consumers purchase prescription drugs. By partnering together, SAP is furthering its commitment to empower our people with the tools they need to make better decisions impacting their healthcare," said Jason Russell, Total Rewards Director, SAP North America. "Giving our employees the power of data in such a transparent way helps us all drive meaningful change in healthcare."
Rx Savings Solutions' system is HIPAA security compliant. All interaction between the software platform and the member is confidential. Rx Savings Solutions is without bias and delivers the most precise, cost-effective data to members based solely on the location and medication needs of each user, while keeping them within their benefit plan.
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.
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SOURCE Rx Savings Solutions