Overcoming The Hospital-Location Barrier To Seeking Better Care
In real estate, the three things that matter most are: location, location, location. The same goes for healthcare for U.S. businesses and employers. We don’t often think about it, but where we receive our care makes a huge difference in the level of care we receive …
The Key To Overcoming Healthcare Complexity
Healthcare should be simple, right? Providers have been pushing this message for years and constantly redesign their plans to make it easier for members to access healthcare. And to a degree, they’ve been successful. At this point, if we have insurance, most of us don’t even …
The Truth Around Cost And Quality: Healthcare Cost Variability
When it comes to your healthcare options, how do U.S. businesses really know they’re getting the highest quality healthcare? Many people tend to believe that the more expensive a product or service is, the better it must be -- think cars, restaurants, jewelry, or just about …
What is International Sourcing?
With pharmacy expenditure topping $358 billion in 2020, employers are desperately searching for ways to efficiently reduce their Rx spend. International sourcing is a method that has been used on a personal level for many years. However, many U.S. businesses are starting to employ this …
Do Patient Assistance Programs Work?
U.S. businesses continue to spend a monumental amount of capital on specialty drugs for their workforce. In fact, specialty drugs were estimated to represent about 50 percent of total Rx spend in 2020, with inflation of about 23 percent from the year before. Despite these …
How Rebates Are Driving Up Drug Prices
Similar to manufacturers of consumer product goods, many drug manufacturers offer rebates to lower the overall cost of the medication they produce. Instead of offering these rebates to you directly, however, pharmacy benefit managers are often the only ones on the receiving end of these …
Video: The Real Price Of Your Prescriptions
This video from Altiqe Consulting breaks down Rx spend in a way that makes sense. But what doesn't make sense is where this money is really going. …
How PBMs and Spread Pricing Affect Overall Rx Spend
According to Statista, prescription drug expenditure in the United States totaled $358 billion in 2020, up 50% since 2011. Pharmacy Benefit Managers (PBM) work as middlemen for many stakeholders as funds exchange hands within the drug supply chain. However, their pricing methods lack complete transparency …
Expanding Access to Care with Onsite Clinics
Employers of all sizes are considering onsite and near-site healthcare as a method to expand access to care, while providing their workforce with the same great quality of care they’re used to. According to the National Business Group on Health, it is estimated that nearly …
Expanding Access to Care is Vital in 2021 and Beyond
When looking to exercise health benefits provided by their employers, employees will often ask about the ways in which they’ll be able to access this care. The COVID-19 pandemic has further emphasized the need for this process to be simple and efficient, as it ultimately …
