Is Mail Service Pharmacy Cost Beneficial to Plan Sponsors?
The objective of this study was to describe and compare prescription drug costs charged to a plan sponsor for the top 50 maintenance medications provided through retail and mail service procurement channels. Data were obtained for covered beneficiaries of a health plan sponsored by an employer with...
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University of Minnesota Libraries Publishing,
2011-01-01T00:00:00Z.
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LEADER | 00000 am a22000003u 4500 | ||
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001 | doaj_bf879a21d27b4b06b8b6af32e908d7d0 | ||
042 | |a dc | ||
100 | 1 | 0 | |a Larisa Vulakh |e author |
700 | 1 | 0 | |a Albert I. Wertheimer |e author |
245 | 0 | 0 | |a Is Mail Service Pharmacy Cost Beneficial to Plan Sponsors? |
260 | |b University of Minnesota Libraries Publishing, |c 2011-01-01T00:00:00Z. | ||
500 | |a 10.24926/iip.v2i2.227 | ||
500 | |a 2155-0417 | ||
520 | |a The objective of this study was to describe and compare prescription drug costs charged to a plan sponsor for the top 50 maintenance medications provided through retail and mail service procurement channels. Data were obtained for covered beneficiaries of a health plan sponsored by an employer with just over 3,000 covered employees The analytics team at the PBM administering the plan sponsor's prescription drug benefit provided de-identified claims information for the top 50 maintenance prescription drugs delivered through either mail service or retail procurement methods for this employer over a one year period (7/1/2008 to 6/30/2009). Based on these data, (1) dollar amount difference (mail service minus retail), and (2) percentage difference between mail and retail costs (as a percentage of the lower net cost per day) were computed. The findings revealed that 76 percent of the medication products studied were associated with a lower net cost per day to the plan sponsor through mail service procurement and 24 percent were associated with lower net cost through retail procurement. Type: Original Research | ||
546 | |a EN | ||
690 | |a mail service pharmacy | ||
690 | |a cost | ||
690 | |a benefits | ||
690 | |a Pharmacy and materia medica | ||
690 | |a RS1-441 | ||
655 | 7 | |a article |2 local | |
786 | 0 | |n INNOVATIONS in Pharmacy, Vol 2, Iss 2 (2011) | |
787 | 0 | |n https://pubs.lib.umn.edu/index.php/innovations/article/view/227 | |
787 | 0 | |n https://doaj.org/toc/2155-0417 | |
856 | 4 | 1 | |u https://doaj.org/article/bf879a21d27b4b06b8b6af32e908d7d0 |z Connect to this object online. |