EmpiRx Health is pleased to have exhibited during the recent national conference of the Society of Human Resource Management. In our discussions with many HR/benefits executives attending the annual SHRM event, it was clear that HR people are looking for a strong alternative to the legacy PBM companies to keep their employees healthy while also reducing prescription drug costs. Thanks to all who stopped by our booth to learn more about EmpiRx Health’s unique, clinically-driven PBM model that attacks the rising drug costs problem “at the pen” – when the physician write the prescription. Want to learn more about EmpiRx Health's clinically-driven PBM solutions that guarantee savings to plan sponsors? Contact us here. https://lnkd.in/eeiGZpxM #SHRM2024 #Conference #Healthcare
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TRANSPARENCY = Clarity in contracts. No hidden fees. Of any kind. For anything. Formularies driven by cost-effectiveness and efficacy, not rebates.
The Business Group on Health is a network of today's largest and most progressive employers, including 74 Fortune 100 companies. According to their 2024 Large Employer Health Care Strategy Survey: Ninety-two percent of employers are concerned or very concerned about high-cost drugs in the pipeline, and 91% are concerned or very concerned about pharmacy cost trend overall. Those concerns appear to be well-founded, as employers experienced an increase in the median percentage of health care dollars spent on pharmacy, from 21% in 2021 to 24% in 2022. Various pharmacy management strategies, such as implementing a transparent pharmacy benefit manager (PBM) and plan design changes to address costly medications and treatments, are planned by employers for 2024.
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Join us for this important conversation about an emerging trend
Employers have recently seen a significant increase in healthcare spend within the metabolic/weight loss management category due to the promotion of new “diet drugs” such as Wegovy, Ozempic and Mounjaro. Join our upcoming webinar to learn more about the impact these medical treatments will have on employee benefit plans. RSVP today: https://hubs.la/Q02051VX0 Joe DiBella Jill Ambrose AJ Somaini, PharmD RPh
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Helping Businesses Address Health Insurance Costs 💼 | Find Ways to Save | Group Health Benefits Consultant at Worksite X
#HealthcareInsight: Over the past four years, the prices of the top 50 generic medications have risen by an astonishing 373%. 💊 Consumers in the United States pay up to 16 times more than in other countries for the same name-brand medications. 😲 Employers, now's the time to take decisive action. Here are 3 pragmatic strategies: Adopt Transparent Pharmacy Benefit Managers (PBMs): Step away from hidden markups. Transparent PBMs provide clarity on drug pricing, opening doors to better negotiations and genuine cost savings. Educate Employees on Cost-effective Choices: Ensure your workforce is well-informed. Provide resources and tools to help them make savvy, affordable medication decisions. Engage a Proactive Broker: Rely on brokers who lead with action, not just talk. A dedicated broker, actively driving cost-saving measures, can be a game-changer during strategy sessions before renewal. Real solutions for real challenges. Let's transform the healthcare narrative together. Share your experiences and strategies below! #openenrollment #grouphealthinsurance #hr #worksitex
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MedCity News surveyed more than 100 seasoned healthcare benefit consultants for their perspectives on changes in healthcare. The report, sponsored by Quantum Health, highlights the ongoing shift in employers’ priorities in #healthcarebenefits. Notably, 61% of consultants are increasingly advising clients on drug costs and pricing strategies for their self-funded employer plans. Quantum Health's new Premier Pharmacy Navigation Solution leverages the expertise of our clinical pharmacy team to advise members on cost-effective care under their medical benefit and guide to cost-effective, equivalent alternatives. Check out more key findings of #TheIndex2024 survey: https://hubs.ly/Q02D3qZp0 Visit https://lnkd.in/gDDmdw86 to learn more about Quantum Health’s new Premier Pharmacy navigation solution. #HealthcareNavigation #EmployeeBenefits #DrugCosts
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Sixty-two percent of consultants believe independent healthcare navigation offers a better member experience. Discover more insights from over 100 skilled benefits consultants on the evolving healthcare landscape in our latest study with MedCity News. Get the report 👉 https://hubs.ly/Q02JCxbc0. #HealthcareNavigation #EmployeeExperience
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Check out the latest report from Employer Health Innovation Roundtable (EHIR) here: https://lnkd.in/eR9E2jeV! It explores the lack of transparency in pharmacy benefits and the challenges that creates for plan sponsors. It includes a Navitus case study which highlights how an aligned PBM partner can enable fiduciary decisions with clarity of critical cost information. #navitus #epiphanyrx #pbm #pharmacybenefits #pharmacy #transparency
Is your organization challenged by rising pharmacy costs and a lack of transparency into what’s driving them? Progressive employers and industry leaders shared what’s working for them and their latest thinking in these areas in EHIR’s newly published research report: https://lnkd.in/eR9E2jeV 72% of EHIR survey respondents saw their pharmacy cost trend increase by 4% or more over the past two years, and 51% of EHIR member survey respondents are considering changing their PBM and/or adding another pharmacy vendor for 2025 or 2026. Download EHIR’s research report to discover what the largest and most innovative employers are prioritizing as they address pharmacy benefits, as well as the latest outcomes and program approaches from our Research Partners AffirmedRx, a Public Benefit Corporation, Navitus Health Solutions, and Rx Savings Solutions. This research report also includes valuable tools that will support purchasers and innovators as they consider the market landscape. https://lnkd.in/eR9E2jeV
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Just released: Sun Life's annual High-cost claims and injectable drug trends analysis! 📊 Our comprehensive report of 60,000 stop-loss claims from a member database of six million people reveals significant insights for self-funded employers. From rising high-cost claims to changes in covered business, this report is essential for navigating the evolving landscape of healthcare costs. Read our press release to learn more: https://bit.ly/3Xl9JFF #HealthcareTrends #HealthAccess #SunLifeUS
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My team's new report reveals critical insights into the lack of transparency in pharmacy benefits and how employers are leading the charge to make substantive change in the industry. Discover our findings and what's working for the most innovative employers to create a fairer, more transparent system.
Is your organization challenged by rising pharmacy costs and a lack of transparency into what’s driving them? Progressive employers and industry leaders shared what’s working for them and their latest thinking in these areas in EHIR’s newly published research report: https://lnkd.in/eR9E2jeV 72% of EHIR survey respondents saw their pharmacy cost trend increase by 4% or more over the past two years, and 51% of EHIR member survey respondents are considering changing their PBM and/or adding another pharmacy vendor for 2025 or 2026. Download EHIR’s research report to discover what the largest and most innovative employers are prioritizing as they address pharmacy benefits, as well as the latest outcomes and program approaches from our Research Partners AffirmedRx, a Public Benefit Corporation, Navitus Health Solutions, and Rx Savings Solutions. This research report also includes valuable tools that will support purchasers and innovators as they consider the market landscape. https://lnkd.in/eR9E2jeV
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Employers and consultants should start discussing strategies on how to navigate the newest class of medications used for weight loss. We dig into potential cost considerations, insight into other reasons these drugs are being prescribed, and ideas to mitigate costs when coverage is offered. Need additional guidance? Reach out to MakoRx for a clinical and financial analysis for your health plan and unique member needs. #healthcare #pharmacy #healthcareinnovation #patientexperience #medical
The 2024 GLP-1 Health Plan Strategy for Employers | MakoRx
https://www.makorx.com
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Chief Commercial Officer | Oncology, Rare Diseases, Nuclear Medicine | General Manager, Business Leader within Large and MidSize Organizations
Looking for innovative approaches to cut through the information overload in healthcare? Healthcare Providers, Patients and Payors are increasingly overloaded with information and overwhelmed by the sheer volume of new therapeutic options being approved each year. It's time to re-evaluate our commercialization strategies and prioritize what truly impacts and improves patient health outcomes. Join me at Pharma USA 2024 on Wednesday, March 27th as I participate in a panel discussion on how we can equip commercial teams to effectively communicate the value of products, not just in terms of pills and profit, but in terms of patient well-being. #REpharmaUSA
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��� Organizational Keynote Speaker 🎤 |"Everyone's in Sales" ✔️ | Sales Mindset ✔️| Erasing the FEAR of Sales ✔️| Author of the "Everyone's in Sales" Trilogy 📚|
1moGreat conference. I'm sorry to have missed this year.