BenefitsRx Provides Higher Generic Drug Utilization
BenefitsRx Home Delivery Pharmacy Solution Increases Generic Utilization up to 25 Percent over Retail Pharmacies
WINNIPEG, March 7, 2014 /CNW/ - Drug plans pay considerably more for brand name products that offer little, if any, therapeutic benefit over other less expensive generic product in the same therapeutic category. The BenefitsRX home delivery pharmacy program is intended to utilize lower cost generics and save patients money.
Says Paul Clark, president of BenefitsRx, "BenefitsRx's home delivery program has shown that it can increase generic drug utilization. When integrated with other PBM services from BenefitsRx, home delivery can increase compliance, the use of generics and adherence to formulary structures."
Using an integrated home delivery pharmacy provider, benefit managers have shown that they can increase generic prescription fill rates to 85 percent compared to just over 60 percent national average through the retail pharmacy channel.
The Canadian Generic Pharmaceutical Association estimates that private plans would save $140 million for every one percent gain in the generic fill rate.
BenefitsRx home delivery uses a high volume mail order fulfillment approach that streamlines the supply chain, improves accuracy, and significantly reduces the cost of production.
For plan sponsors, home delivery is an important element of an overall strategy for improving patient care and controlling plan costs. An effective home delivery program can save plan sponsors as much as 20 percent on their pharmacy benefit spend.
BenefitsRx is a Canadian company dedicated to the needs of Canadian employers, unions, associations, or other groups looking to improve drug coverage for their members. The mission of the company is to achieve the best possible health outcomes for plan members with the most cost-effective drug therapies.
SOURCE BenefitsRxFor further information:
Director, Customer Relations, BenefitsRx