2013 Rx Benefit Innovation Award Winner Announced at PBMI's Drug Benefit Conference

(firmenpresse) - PLANO, TX -- (Marketwire) -- 02/20/13 -- Navitus Health Solutions was named the sole winner of the . This award was presented yesterday at PBMI's 18th Annual Drug Benefit Conference held in Las Vegas.

Navitus Health Solutions is being recognized for its efforts in formulating a collaborative partnership with Vanderbilt University to provide a program that offered flexibility in custom formulary decision-making, leveraging utilization of their in-house pharmacies for retail, mail and specialty prescriptions, and the ability to self-direct the pharmacy benefit management program.

"Navitus illustrated transparency and alignment by engaging in a non-traditional PBM model that led to significant savings for the health plan and its members," says Brenda Motheral, PhD, Executive Director of PBMI.

Through this non-traditional model, Vanderbilt recognized significant plan savings. In the first two years, Vanderbilt saved $12.7 million. A tiered plan design ($1 a month and $3 for three months on generic medications) was implemented to incentivize members to use Vanderbilt's pharmacies. Member cost decreased by 18.2% ($1.7 million in savings) as well.



PBMI provides research and continuing education to help health care purchasers work effectively with pharmacy benefit managers and other industry professionals to improve pharmacy benefit programs and control costs. Read case study on award winner at .





Contact:
Brenda Motheral, BPharm, MBA, PhD

480-730-0814

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: MARKETWIRE
Datum: 20.02.2013 - 15:30 Uhr
Sprache: Deutsch
News-ID 231429
Anzahl Zeichen: 0

contact information:
Town:

PLANO, TX

Kategorie:

Hospitals, Facilities and Providers

Diese Pressemitteilung wurde bisher 243 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"2013 Rx Benefit Innovation Award Winner Announced at PBMI's Drug Benefit Conference"
steht unter der journalistisch-redaktionellen Verantwortung von

Pharmacy Benefit Management Institute (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

PBMI Releases Results of Its 2015 PBM Customer Satisfaction Survey ...

PLANO, TX -- (Marketwired) -- 04/16/15 -- The Pharmacy Benefit Management Institute (PBMI) released the results of its 2015 PBM Customer Satisfaction Survey today. This survey was completed by 421 U.S. plan sponsors representing 96.6 million members ...

PBMI Survey Shows Specialty Drug Cost Concerns On the Rise Due to Heightened Awa ...

PLANO, TX -- (Marketwired) -- 03/04/15 -- According to the Pharmacy Benefit Management Institute's (PBMI's) survey, about one-half of respondents rate management of specialty drug cost among their top two management goals. This year's ...

PBMI Announces Prime Therapeutics as the 2015 Rx Benefit Innovation Award Winner ...

PLANO, TX -- (Marketwired) -- 03/03/15 -- The Pharmacy Benefit Management Institute presented Prime Therapeutics LLC (Prime) with the 2015 Rx Benefit Innovation Award earlier today at its 20th Annual Drug Benefit Conference held in San Antonio, Texa ...

Alle Meldungen von Pharmacy Benefit Management Institute