EmpiRx Health has introduced an innovative solution for managing infusion therapies. This new program significantly boosts pricing visibility and can save benefit plan sponsors over 10%. By moving infusion treatments from medical to pharmacy benefits, employers can gain better control over costs.
Specialty medications, including infusion therapies, often account for more than half of all drugs covered under medical benefits. When these treatments are administered in high-cost hospital settings, expenses can soar by as much as 300%. In fact, only 35% of employers see rebates on medical benefits, compared to 92% for pharmacy benefits. This shift in coverage is essential for companies looking to manage rising healthcare costs.
Danny Sanchez, CEO of EmpiRx Health, points out that the biggest concern among employers is controlling prescription drug costs. He emphasizes that traditional medical billing can cloud price clarity. Their new program aims to remove this fog, allowing employers to better manage and understand their costs.
Notably, EmpiRx Health’s solution includes 24/7 care management support. This means patients receive personalized guidance on their treatments. Enhanced clinical oversight ensures that patients get the right medication at the right cost, significantly improving their health outcomes and reducing costs for sponsors.
EmpiRx employs their Medication Optimization (MO) model, which uses advanced AI technology. In-house pharmacists carefully manage patients’ drug regimens, leading to better health outcomes and reduced spending. Clients of EmpiRx can expect an average 15% drop in drug costs during the first year, with ongoing cost reductions in the future.
In today’s landscape, controlling healthcare expenses is more critical than ever. According to a recent study, the healthcare industry saw costs rise by 9% in a single year, highlighting the need for effective solutions like EmpiRx’s. As employers seek practical ways to safeguard their budgets, innovative plans like these will play a vital role in reshaping healthcare management.
For more insights, visit EmpiRx Health and learn about how their unique approach is making waves in the industry.
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