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Category: "Prescription"

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12/02/18

  04:48:00 pm, by MedBen5   , 243 words,  
Categories: Prescription, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Generic Drugs, Brand-Name Drugs

MedBen Rx Tackles Brand-Name Increases

Modern Healthcare recently highlighted the growing disparity between brand-names and generics in relation to prescription drug spending. A new study finds that while total spending on generic drugs has declined, branded prescription drug spending… more »

11/18/18

  10:18:00 pm, by MedBen5   , 244 words,  
Categories: News, Prescription, Pharmacy benefit manager (PBM), Specialty Drugs, MedBen Rx

The Clear Solution to Rx Spending Trends

A New York Times article examines the dramatic rise in U.S. prescription drug costs over the past two decades. American drug spending was once on par with other wealthy countries, but between 1997 and 2007 our drug spending tripled... and took off again… more »

11/05/18

  11:09:00 pm, by MedBen5   , 243 words,  
Categories: Prescription, Cost savings, MedBen Rx

Generic Drugs: Effective and Cost-Efficient

As the prescribing of generic drugs has become more commonplace, most consumers have come to see that these medications work just as well as their pricier band-name equivalents. Indeed, when a generic alternative is available, MedBen clients see a 98%… more »

09/23/18

  04:35:00 pm, by MedBen5   , 252 words,  
Categories: Prescription, Discounts, Pharmacy benefit manager (PBM), MedBen Rx Advocate

PBMs, PSAs, and Your Pharmacy Costs

To people outside the health care industry, the role of the pharmacy benefits manager (PBM) can be a bit unclear. Simply stated, PBMs act as intermediaries between insurers (or, in the case of self-funded plans, employers), drug companies, pharmacies,… more »

09/17/18

“New” Drug Pricing Tools? Not for MedBen

A Managed Healthcare Executive article spotlights "New Drug Pricing Tools Could Save Money" -- among them, a recently launched "real-time benefits tool" that shows out-of-pocket costs for medications based on a patient's plan benefits. Sound like a… more »

08/24/18

MedBen Rx: Lessons in Savings and Transparency

A recent Forbes.com headline refers to U.S. prescription drug pricing practices as "Lessons in Obfuscation." Unlike most products that have clearly defined prices, prescription drugs start with a list price set by the manufacturer, which is then… more »

08/12/18

  04:24:00 pm, by MedBen5   , 230 words,  
Categories: Prescription, Wellness, Preventive care, Claims management, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

Million-Dollar Claims Continue to Rise, But MedBen Has Solutions

The Affordable Care Act's elimination of lifetime benefit maximums has led to a surge in million-dollar medical claims, with the number nearly doubling in the past four years. It’s one more reason why MedBen is dedicated to developing savings strategies… more »

07/29/18

  09:51:00 pm, by MedBen5   , 176 words,  
Categories: Announcements, Prescription, MedBen Rx Alliance

New Rx Alliance Program Uses Purchasing Power to Lower Drug Costs

MedBen recently introduced Rx Advocate, a unique pharmacy program that breaks from traditional plans by focusing on the average costs that pharmacies pay for prescription drugs, rather than using inflated wholesale prices. But Rx Advocate is just one of… more »

07/15/18

  11:01:00 pm, by MedBen5   , 173 words,  
Categories: Prescription, Online Services, Transparency, MedBen Rx, MedBen Rx Advocate

MedBen Rx, Truly Transparent

If you’re a client, you already know that 100% of all paid manufacturer rebates go back to our clients. But true Rx transparency also demands that consumers know what they're paying for their medications – and so we provide that, too. Simply by logging… more »

07/01/18

  03:23:00 pm, by MedBen5   , 237 words,  
Categories: Prescription, Wellness, Cost savings, Research, Third party administration, Preventive care, Compliance, Trend

Beating Cost Trend Difficult, But Not Impossible

"Healthcare costs increasing at unsustainable pace" a recent Modern Healthcare headline reads. In a new study, PricewaterhouseCoopers predicts a 6% medical cost trend in 2019, as expensive new medical services and drugs and market consolidation make it… more »

MedBen Closed On July 4th, but MedBen Access Stays Open

Happy Independence Day from MedBen! In observance of the holiday, our home office will be closed on Wednesday, July 4 and reopen at 8:00 a.m. on Thursday, July 5. Hopefully your day off is all about cookouts with friends & family and community… more »

06/17/18

Harden CEO Promotion Spotlighted in Columbus Business First

In a new Columbus Business First article, reporter Carrie Ghose interviewed MedBen President Kurt Harden and Executive Chairman Doug Freeman about Harden's recent promotion to CEO as well as the company's recent activities and future plans. Freeman… more »

05/20/18

MedBen Closed Memorial Day, But We're Open Online 24/7

The staff of MedBen want to wish you and your family a happy and safe Memorial Day! Our home office will be closed on Monday, May 28 in observance of the holiday. We will reopen at 8:00 a.m. Tuesday, May 29. During this time, please remember that… more »

05/08/18

  06:20:00 pm, by MedBen5   , 179 words,  
Categories: Prescription, Cost savings, Specialty Drugs

MedBen Rx Strategies Help Employers Face Pricing Challenges

A recent Washington Post article highlights the machinations that drug companies will use to ensure that insurers and other private-sector sources pay for their products, rather than price-controlled public services like Medicare. One common… more »

04/22/18

  10:40:00 pm, by MedBen5   , 295 words,  
Categories: Prescription, Cost savings, MedBen University, Transparency

Rx Rebate Guarantees? Beware!

At a recent MedBen University event, MedBen Vice President of Sales & Marketing Brian Fargus warned attendees against drug rebate guarantees that promise a lot but deliver little… and end up costing the employer more. “Some of the larger health… more »

04/08/18

  09:25:00 pm, by MedBen5   , 227 words,  
Categories: News, Prescription, Cost savings, Transparency

MedBen Rx Advocate Closes the Price Gap

Newly appointed Health and Human Services Secretary Alex Azar says he wants to see greater transparency in drug pricing. In an address to the Federation of American Hospitals last month, Azar noted that “in both healthcare services and pharmaceuticals,… more »

03/25/18

  11:37:00 pm, by MedBen5   , 371 words,  
Categories: Prescription, Cost savings

Zaenger Outlines Benefits of “Cost Plus” Difference, Offers Rx Plan Suggestions

Among the speakers at several of this year's MedBen University sessions is pharmaceutical consultant Allan Zaenger, President of Pharmaceutical Horizons. In his presentations at recent roundtable events, he outlined plan design options employers should… more »
  09:34:00 pm, by MedBen5   , 320 words,  
Categories: News, Prescription, Reporting, Cost savings, MedBen University, Self-funding, Trend

MedBen Hospital, Municipality Roundtables Spotlight Client Cost Trends

At two recent industry-specific MedBen University (MBU) roundtables, MedBen Vice President of Sales & Marketing Brian Fargus highlighted how the company's claims management solutions are keeping plan costs in check. From 2013 through 2017, the… more »

03/11/18

  10:45:00 pm, by MedBen5   , 249 words,  
Categories: News, Prescription, Research

Study Reveals Opioids No More Effective Than Safer Alternatives

Nowadays, opioid painkillers usually make the headlines because of their addictive properties, rather than their therapeutic advantages. But new research has raised questions as to whether such benefits have been overstated. A year-long study of… more »

02/23/18

  06:01:00 pm, by MedBen5   , 257 words,  
Categories: Announcements, News, Prescription, Health Plan Management, Claims management

MedBen Leads Columbus Business First Survey

A new Columbus Business First survey (in the February 16 issue) ranks MedBen as Central Ohio's top employee benefits company, based on the number of Central Ohio benefits workers we employ. With 143 TPA employees residing in Licking, Franklin and… more »

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