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Category: "Prescription"

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09/06/17

  09:52:00 pm, by MedBen5   , 196 words,  
Categories: Prescription, Cost savings, Third party administration

MedBen Claim Surveillance Case Study: $100k In Savings on One Person

MedBen cost containment technology, coupled with professional analysis, is saving a MedBen client almost $100,000 annually. Recently, MedBen's claim surveillance system flagged a claim from a hospital billing for an injectable specialty drug to treat a… more »

07/30/17

  09:26:00 pm, by MedBen5   , 231 words,  
Categories: Prescription, Cost savings, Research

Working Together, MedBen and Employers Consistently Beat Rx Trends

Keeping prescription drug plan costs in check is one of the greatest challenges for self-funded employers nowadays... but year after year, MedBen is helping clients beat pharmacy cost trends. From 2014 to 2016, MedBen clients experienced average… more »

07/14/17

  03:11:00 pm, by MedBen5   , 191 words,  
Categories: Prescription, Cost savings

For Real Rx Savings, Generics (and MedBen) Deliver

When promoting pharmacy plans, third party administrators sometimes play up their brand-name drug discounts... conveniently overlooking the fact that most doctors prescribe generic medications when available. That's why MedBen focuses on the real… more »

05/26/17

MedBen Closed Memorial Day... But We're Open Online!

The staff of MedBen want to wish you and your family a happy and safe Memorial Day weekend! Our home office will be closed on Monday, May 29 in observance of the holiday. We will reopen at 8:00 a.m. on Tuesday, May 30. Should you need claims and… more »

05/01/17

  07:39:00 pm, by MedBen5   , 221 words,  
Categories: Prescription, Wellness, Cost savings, MedBen University, Municipalities

MedBen Municipality Group Costs Rose Just 1% in 2016

Municipality groups administered by MedBen are seeing only minimal cost growth, according to an analysis of industry-specific benchmarks at the 11th Annual MedBen Municipality Roundtable on March 30. In presentations to attending clients, MedBen… more »

04/20/17

  09:03:00 pm, by MedBen5   , 207 words,  
Categories: News, Prescription, Wellness, Research

Prescription Adherence Crucial to Better Population Health

The New York Times reports that approximately 125,000 deaths and at least 10% of hospitalizations can be attributed to lack of prescription adherence. From a financial perspective, negligence costs the American health care system between $100 billion… more »

04/07/17

  10:58:00 pm, by MedBen5   , 271 words,  
Categories: Prescription, Wellness, Hospitals, Cost savings, MedBen University

MedBen Hospital Block Costs Rose Just 4.8% in 2016

At the 15th Annual MedBen Hospital Roundtable, MedBen President and COO Kurt Harden and Vice President of Sales & Marketing Brian Fargus shared with attendees a wealth of information about their medical and pharmacy plans, including how their costs… more »

03/12/17

Final Reminders for MedBen University Roundtables

Two MedBen University industry-specific roundtables are just days away... so if you've been thinking of attending, now is the time to register! On Thursday, March 23, MedBen will host the 15th Annual Hospital Roundtable, sponsored by ISU Stop-Loss.… more »

02/26/17

  09:31:00 pm, by MedBen5   , 172 words,  
Categories: News, Prescription, Wellness

New Physician Guidelines Advise Drug-Free Remedies for Back Pain

A leading physician group advises that people with back pain postpone a doctor's visit until they've tried non-medicinal remedies, Forbes reports. The new guidelines by the American College of Physicians (ACP) recommend avoiding pills and using other… more »

12/01/16

  07:58:00 pm, by MedBen5   , 245 words,  
Categories: Prescription, Health Plan Management, Cost savings

Specialty Drug Growth Shows No Signs of Slowing

The increasing popularity of specialty drugs has brought new challenges to health plan management. However, MedBen has closely followed their growth, and works with clients to develop strategies that balance their medicinal advantages with realistic… more »

11/17/16

  11:04:00 pm, by MedBen5   , 157 words,  
Categories: Announcements, Prescription, Cost savings

2017 Formularies Now Available at MedBen.com

Formulary updates for prescription plans administered by Pharmacy Data Management, Inc. (PDMI) are now available at MedBen.com – simply click on “Plan Sponsors” (for employers) or “Plan Members” (for insureds) and select “Prescription Formularies” from… more »

10/23/16

  10:31:00 pm, by MedBen5   , 264 words,  
Categories: News, Prescription, Cost savings

With MedBen, Drug Rebates Skip the "Middleman"

The ongoing issue of high prescription drug costs have led to media scrutiny, congressional hearings, and charges of price-gouging. MedBen prefers to remain above the fray, and instead focus on ensuring that our clients pay as little as possible for… more »

09/28/16

  05:04:00 pm, by MedBen5   , 282 words,  
Categories: News, Prescription, Health Plan Management, Cost savings, Research, Third party administration

Health Spending Spike: What's Your Plan?

U.S. health care spending growth has been relatively moderate this decade, but some recent numbers suggest that costs could soon see an upswing. For employers, it's an ideal time to review their current health plan administrator and ensure that measures… more »

09/20/16

  07:39:00 pm, by MedBen5   , 237 words,  
Categories: Announcements, Prescription, Health Plan Management, Cost savings

New MedBen Client Report Spotlights Budget-saving Solutions

Group health care plans can take up a sizable chunk of employer budgets, but MedBen offers a variety of ways to free up a portion of those funds for other business matters. In our new MedBen Client Report, we highlight some of the methods we use to… more »

09/19/16

  09:58:00 pm, by MedBen5   , 263 words,  
Categories: News, Prescription

High EpiPen Pricing Leaves Health Plans Looking for Alternatives

Pharmaceutical company Mylan finds itself in a firestorm of controversy regarding its EpiPen auto-injector, the price of which has skyrocketed from just $100 in 2007 to over $600 today. While its convenience has made it a must-have for certain allergy… more »

09/09/16

  03:15:00 pm, by MedBen5   , 231 words,  
Categories: Prescription, Health Plan Management, Cost savings

Precision Prescription Coverage Starts Now

While precision medicine is in its relative infancy, its implications for our future health is significant. Tapping into that which makes us unique as individuals ‒ genetics, lifestyle, and environment ‒ improves the chances of better… more »

09/01/16

  11:28:00 pm, by MedBen5   , 229 words,  
Categories: Announcements, Prescription, Consumer-driven Health Plans, Online Services, Client Services

MedBen Closed Labor Day, Closing Early on September 9; Online Services Open 24/7

The staff of MedBen want to wish you and your family a safe and relaxing Labor Day! Our home office will be closed on Monday, September 5 in observance of the holiday. We will reopen at 8:00 a.m. EST Tuesday, September 6. Additionally, MedBen will… more »

08/26/16

  07:47:00 pm, by MedBen5   , 244 words,  
Categories: Prescription, Health Plan Management, Cost savings

High Rx Prices Call for Private Sector Solutions

A recent Harvard Medical School study of how prescription drug prices are set suggests that, despite presidential campaign promises of reduced costs through government intervention, current conditions make it difficult for them to make significant… more »

08/11/16

  09:08:00 pm, by MedBen5   , 255 words,  
Categories: News, Prescription, Cost savings

Specialty Drug Cost Spikes Require Saving Strategies

While average costs for employer-based health plans nationwide have risen at a fairly moderate pace this decade (though, it should be noted, not as low as MedBen's 5-year trend), specialty drug price spikes continue to concern employers. To reduce the… more »

07/14/16

  02:59:00 pm, by MedBen5   , 319 words,  
Categories: Announcements, News, Prescription, Cost savings

MedBen Introduces Innovative Drug Compatibility Testing Service

"Pharmacogenetics" ‒ it's a big word that could lead to even bigger savings on drug costs for self-funded employers. MedBen is rolling out a new service that will allow clients to take advantage of this important new form of personalized… more »

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