An aging population

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An aging population

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Keys to Our Success. Private Ownership. We put the client's needs first. ... Markups represent an extra revenue stream for first generation PBMs. For example: ... – PowerPoint PPT presentation

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Title: An aging population


1
  • An aging population

2
Faster FDA approval of medications
3
Direct-to-consumer advertising
4
Physicians promoting the use of new drugs
5
More people using medication
6
All lead to escalating costs.
7
Pharmaceutical Expenditures
Source IMS
8
In general, prescription expenditures have
increased, on average, 13 each year for the last
nine years.
9
Beyond Rx will help keep your prescription costs
in check
10
by introducing you to the next generation of
Transparent PBMs.
11
MOVE
BEYOND
THE TRADITIONAL PBM
12
A Transparent PBM Company
13
Beyond Rx Highlights
  • Incorporated in 1996
  • Overland Park, Kansas (Kansas City, KS)
  • Second Generation PBM
  • Direct Management of over 700 Groups
  • Process approximately 20 million retail, managed
    care, and mail order claims per year
  • Quarterly trends below national averages

14
Keys to Our Success
  • Private Ownership
  • We put the clients needs first.
  • Independence
  • We do not own any part of the pharmaceutical
    delivery chain.

15
Keys to Our Success
  • Bang for the Buck
  • We promise the highest level of service at an
    affordable cost.
  • Reliability
  • Our claims processor is a proven and robust
    system.

16
BeyondRx Benefits
Expect these benefits from Beyond Rx
Client Keeps Pharmacy Discounts
Fully Disclosed Rebates
Flat Transaction Fee on Claims
A History of Full Transparency
17
With other (first generation) PBMs, the benefits
disappear.
18
From the beginning, weve been straightforward
with our clients, keeping their interests in mind.
19
To this end weve always charged a flat
transaction fee. Weve never tacked on hidden
fees or withheld rebates. In other words, we are
a transparent PBM.
20
Transparent PBM
How does our transparent business model help our
clients?
  • It Reduces Drug Ingredient Costs
  • because we pass pharmacy discounts on to the
    client.
  • It makes administrative costs predictable
  • because we charge a flat transaction fee.

21
What are you paying for?
  • Markups represent an extra revenue stream for
    first generation PBMs.
  • For example

The First Generation PBM pays
8.00 ingredient cost 1.50 dispensing
fee Total 9.50
22
What are you paying for?
The First Generation PBM Charges the Plan Sponsor
10.00 ingredient costs 2.00 dispensing
fee Total 12.00
23
  • As a result, the first generation PBM has made
    2.50 in markups!

24
What are you paying for?
  • A first generation PBM needs to generate extra
    revenue at your expense to support various
    parties.
  • If we take the same 2.50 markup . . .
  • A Broker would be paid 50
  • Consultants would be paid 25 to 50
  • The PBM would keep 1.25 to 1.50

25
No Hidden Revenuesor Fees
Hidden Fees in the Traditional PBM Business Model
Ingredient Cost Revenue Dispensing Fee
Revenue Manufacturer Rebates
NONE
26
s e r v i c e s
27
Beyond Rx Services
  • Managed Care Programs
  • Self Funded
  • Partially Funded
  • Claims Processing
  • Internal Help Desk Support
  • Flexible Plan Design Options
  • Formulary / Rebate Management

28
Beyond Rx Services
  • Beyond Rx Pharmacy Networks
  • National Network
  • Select Network
  • Restricted Network
  • Maintenance Medication Program
  • Community Pharmacy Maintenance Program
    (Access Varies)
  • Mail Order Options
  • Drug Utilization Management Programs

29
Beyond Rx Services
  • Reporting Functionality
  • Select from standard reports or use our custom
    report feature.
  • Secure Web Application
  • Gives members access to their prescription
    copay, copay design, drug history pharmacy
    providers.

30
Cost Saving Interventions
  • Identify Specialty Medications Individualized
    Programs
  • Half-Tab Programs
  • Zoloft Half Tab Program (Optional)
  • Prior Authorization Programs
  • Step Therapy Programs
  • Market Share Manufacturer Programs
  • TAP PREVACID
  • Rebate
  • Member Rebate (up to 25.00 for each Rx)
  • Conservative Program Oversight by PT Committee

31
One Clients Success Story
32
  • A Third Party Administrator
  • in Kansas City with over
  • 24O Small Groups needed . . .

33
  • A TPA needed . . .
  • individualized plan design options
  • network savings
  • formulary management
  • and
  • transparency in their PBM partner

34
d e l i v e r e d
35
  • 240,000 Annual Savings over First Generation
    Incumbent PBM
  • 76,000 Annual Rebate Payout higher than that
    of First Generation Incumbent PBM
  • Average Savings of 5.00 per
    Prescription

36
www.beyond-rx.com
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