People who know Pharmacy Benefit ManagementFinding the Cure for Pharmacy Costs or Stop the Runaway Rx Train - Prescription Drug Cost Management
Press Release
For Immediate Release
ARMSRx (Administered Risk Management Services Rx), Pharmacy Benefit Consultants, the health care industry’s leader in transparent pharmacy benefits negotiation and assessment, represents several coalitions, third party administrators and employers in the U.S.
Now more than ever employers need to save money to preserve their benefits AND their work force. Overall medical and Rx trend is down but you still need to save money. The prescription drug benefit is difficult to understand and scary to control. There are ways to cut costs.
Controlling pharmacy benefits costs should be a leading item on HR’s agenda. ARMSRx can show you how to do it, how to limit the pain.
ARMSRx advises payors and employers and will assist in exploring a multitude of options to help curb costs, limit trend and bring the overall spend back under control.
In today’s increasingly challenging financial environment, maximizing benefit while minimizing cost has become one of, if not the, top priority for Human Resource departments across the country. While the medical and pharmacy trend rate has begun to slow over the past several years, there are still many opportunities that employers may be overlooking to reduce costs while not eroding the value of the benefits offered to their employees.
ARMSRx is uniquely qualified to advise their clients how to identify and implement the opportunities that are right for each one’s specific needs. Through just one of their many association offerings, per member per month plan cost for 2008 ended at $56.36, or 9.5% below the partner PBM’s 2008 average. This was achieved while maintaining utilization rates and member cost share at consistent levels, and increasing the generic fill rate between 2007 and 2008 by 12.7%.
Please contact Jennifer Kingsley-Wilson at Jennifer@ARMSRx.com or 1.800.578.9714 today to find out how our capabilities can add a measure of success to your initiative or ongoing program.