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Category: "Cost savings"

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08/24/19

  12:42:00 pm, by MedBen5   , 144 words,  
Categories: Prescription, Cost savings, MedBen Rx Alliance

Low Drug Prices & Qualified Employers Unite with MedBen Rx Alliance

It makes sense that qualified hospitals can purchase drugs at prices lower than even the largest retail chain. But what if we told you that you may be eligible to reap the benefits of this as well? If you’re a hospital, local school system, university… more »

08/08/19

  12:11:00 pm, by MedBen5   , 184 words,  
Categories: Prescription, Cost savings, MedBen Rx Advocate, Rebates

MedBen Rx Advocate: No Inflation, No Discounts, No Gimmicks

If you’re tired of trying to figure out all of the confusing lingo and mathematics of the pharmaceutical world, MedBen Rx Advocate is for you. Our straightforward approach to pharmacy solutions has been proven to save clients money and the best part is,… more »

07/26/19

  10:45:00 am, by MedBen5   , 171 words,  
Categories: Reporting, Cost savings, MedBen Analytics

MedBen Analytics Offers Clients Actionable Reporting

MedBen has always been known to provide the best measurable and actionable plan data available. Our plan analysis reviews cost and usage trends and highlights opportunities to increase population health and reduce overall costs. In addition, we offer… more »

07/14/19

  11:55:00 am, by MedBen5   , 172 words,  
Categories: Cost savings, MedBen Rx, MedBen Rx Advocate, Rebates, Account Management

Pharmacy Rebates that Cost You Money

Many employers get caught up in the promised savings offered by rebate guarantees… but little do they know this could actually be costing them money, for several reasons. The first issue with rebate guarantees is that the most significant rebates are… more »

06/13/19

  09:14:00 am, by MedBen5   , 167 words,  
Categories: Prescription, Cost savings, Pharmacy benefit manager (PBM), MedBen Rx, MedBen Rx Advocate

PBMs' Egregious Pricing Methodology Remains Untamed, but MedBen Rx Advocate Has the Solution

A recent article in the Columbus Dispatch highlights how pharmacy benefits managers (PBMs) are making big profits on the backs of the taxpayers and threatening the existence of the independent pharmacy. The article focuses on the Ohio Medicaid program,… more »

06/02/19

  08:44:00 am, by MedBen5   , 128 words,  
Categories: Cost savings, Dental, Preventive care, MedBen PreceDent

Small Dental Claims Now Reduce Risk of Bigger Problems Later

Adding MedBen PreceDent to your benefits plan is a small investment that can deliver big dividends. A dental plan that promotes regular preventive care reduces your risk of disease and costly claims down the road. At a dental checkup, your dentist can… more »

05/30/19

  08:17:00 pm, by MedBen5   , 120 words,  
Categories: Prescription, Cost savings, Transparency, Pharmacy benefit manager (PBM), MedBen Rx, Rebates

With MedBen Rx, Employers Pay Only What’s Necessary

The MedBen Rx approach to drug pricing is straightforward. We keep client costs low by reimbursing pharmacies what they pay for prescription drugs, plus a reasonable dispensing fee. By doing so, we ensure that self-funded employers get the maximum value… more »

05/19/19

MedBen Shatters Industry Norms

MedBen medical and pharmacy claim costs rose only 0.4% per employee for clients in 2018, shattering national data norms that reported an average of 6% cost increases. Our pharmacy claim costs alone dropped 2.7% last year, due to the introduction our new… more »

05/18/19

  10:23:00 am, by MedBen5   , 166 words,  
Categories: Prescription, Cost savings, Transparency, MedBen Rx

Price Disclosure in Rx Ads Doesn’t Tell Full Story

The Trump administration recently announced that drug makers will now have to include prices in their TV advertising beginning this summer. Prescription drug cost transparency is a good thing… and MedBen makes transparency a keystone of its pharmacy… more »

05/06/19

Case Study: Direct Contracting Further Lowers Client Costs

MedBen facilitates direct-to-employer contracting, bringing together employers and providers in plans that promote regional care. Recently, a client looking for cost reduction opportunities saw the benefits first-hand. A manufacturer with a traditional… more »

05/05/19

  11:52:00 am, by MedBen5   , 183 words,  
Categories: Prescription, Cost savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

MedBen Clients Reduced Costs Nearly 3% Using Rx Solutions

Employers who utilized MedBen pharmacy solutions in their 2018 plans realized an average 2.7% decrease in per-member spending from 2017. The cost reductions coincide with last year’s emergence of MedBen Rx’s innovative programs to help clients lower… more »

04/21/19

MedBen Municipality Clients Saw Lower Claim Costs in 2018

"In 2018, per-employee net claim costs for our municipality block decreased 4.9% from 2017," announced MedBen Vice President of Sales & Marketing Brian Fargus at the 13th Annual Municipality Roundtable on April 11. This reduced cost factors both… more »

04/05/19

  03:25:00 pm, by MedBen5   , 191 words,  
Categories: Prescription, Cost savings

Overprescribing Drugs Raises Costs, Health Risks

The ongoing movement to reduce prescription drug spending focuses primarily on the cost factor. But as Shannon Brownlee and Judith Garber contend in a Stat opinion piece, overprescribing of drugs also carries financial and health risks. "Between 2000… more »

03/08/19

  01:27:00 pm, by MedBen5   , 197 words,  
Categories: Prescription, Cost savings, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance

All MedBen Clients Can Benefit from Rx Solutions

MedBen Rx offers every MedBen client a better way to provide and manage prescription benefits, regardless of their size or industry type. Our pharmacy solutions counter inflated prescription list prices with common-sense saving strategies.… more »

02/23/19

  03:27:00 pm, by MedBen5   , 232 words,  
Categories: Prescription, Cost savings, Transparency, Specialty Drugs, MedBen Rx, Rebates

Government Fixes to Rx Prices a Slippery Slope

A recent Wall Street Journal editorial warns that government efforts to address prescription drug prices could produce undesirable consequences… and it's why MedBen Rx believes that market-driven solutions are the preferable method to reducing consumer… more »

02/22/19

  11:58:00 am, by MedBen5   , 197 words,  
Categories: Announcements, Cost savings, Third party administration, Claims management

Talent and Technology Combine to Reduce Claim Costs

MedBen takes pride in its expert claim examiners – indeed, in our most recent audit our team received a payment accuracy rating of 99.9%. But when we receive a claim that merits further inspection, our advanced surveillance system lends a hand.… more »

01/27/19

  02:39:00 pm, by MedBen5   , 264 words,  
Categories: Prescription, Cost savings, MedBen Rx

While Titans Battle Over Drug Costs, MedBen Rx Offers Solutions

A recent high-profile disagreement between Walmart and pharmacy benefits manager (PBM) CVS Caremark exemplifies the friction between pharmacies and PBMs about prescription pricing... and the power that PBMs possess to influence drug costs. MedBen Rx was… more »

01/25/19

  01:30:00 pm, by MedBen5   , 181 words,  
Categories: Cost savings, Claims management, Reference-based pricing

"The Case of the Overpriced Robot"

From plan design consulting to an advanced surveillance system, MedBen claims management uses multiple measures to ensure that your plan pays the proper price for health care services… but at the core is our team of experienced claim examiners. To cite… more »

01/13/19

  11:22:00 am, by MedBen5   , 217 words,  
Categories: Prescription, Discounts, Cost savings, Research, MedBen Rx, Rebates

Fight Back Against New Year’s Drug Price Increases

New year, higher drug prices. According to The Wall Street Journal, a representative analysis of major pharmaceutical companies found that the prices of their brand name and generic drugs have risen by an average of 6.3% in 2019 – modest compared to… more »

12/30/18

A Note from Our Executive Chairman and President

To our customers, consultants, and brokers: Happy new year from MedBen! In 2018 we celebrated our 80th anniversary, which gave us a chance to reflect on our beginnings and growth as a health benefits manager. It's great to reminisce but we prefer to… more »

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