Thought leadership on the use of innovation to solve health care access, quality, and funding issues.
From the category archives:
GRAND RAPIDS, Mich.–(BUSINESS WIRE)–As rising pharmacy costs continue to plague the health system, Priority Health’s pharmacy management initiatives have protected its members while keeping costs far below the national average for five years. The 4% savings equates to nearly $10 million per year and more than $50 million over five years. “Pharmacy is one of [...]
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CHAPEL HILL – Blue Cross and Blue Shield of North Carolina (BCBSNC) is establishing a new network of specialty pharmacies to help customers better manage their complex, chronic health conditions and to address the rising costs of these prescription medications. These network changes will not affect customers’ prescription drug benefits in any way and customers [...]
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DEERFIELD, Ill., June 03, 2011 – Walgreen Co. (NYSE: WAG)(NASDAQ: WAG) today announced that it has completed its acquisition of drugstore.com. The transaction includes all websites directly owned and operated by drugstore.com, as well as its corporate office and customer service and distribution center operations. The transaction, which represents a total enterprise value of approximately [...]
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LOUISVILLE, Ky.–(BUSINESS WIRE)–Millions of Humana members will now find it easier to compare the cost of prescription drugs and explore available alternatives. Humana has updated its industry-leading MyHumana Mobile app and mobile website to include prescription drug pricing. The Drug Pricing feature allows members to quickly determine the cost of their prescriptions, identify lower-cost alternatives and [...]
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BLOOMFIELD, Conn., October 28, 2010 – The first national outcome-based contract between a pharmaceutical company and a pharmacy benefit management company (press release) resulted in an increase in the number of people with type 2 diabetes who were able to control their blood sugar levels by taking their medications appropriately. Extensive studies have shown that [...]
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Today, Humana Inc. (NYSE: HUM) announced an innovative Medicare Part D prescription drug plan, co-branded with Wal-Mart Stores, Inc. (NYSE: WMT) or (“Walmart”), that can provide significant savings on monthly plan premiums and prescription medicine copayments and cost-shares for Medicare beneficiaries, including seniors and people with disabilities. The Humana Walmart-Preferred Rx Plan (PDP) offers one [...]
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BrandsPlus Rx helps bridge potential coverage gaps by focusing, in part, on more costly brand-name and specialty drugs for which there is no equally effective generic equivalent, and which may be out of reach financially for some employees.
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“Gaps in care”, are more likely to occur when health and pharmacy benefits are provided by different companies.
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The majority of employers surveyed (94 percent) said they will seek opportunities to improve savings even more in 2010, while they look for ways to improve the overall member experience.
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This is an important finding for the 30 million people world-wide who are diagnosed with type 2 diabetes every year.
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