Press Releases

Prescription Care Management Partners With United Benefit Advisors To Reduce Clients Prescription Drug Spend

Austin, TX - [March 3, 2014] - Prescription Care Management (PCM) is proud to announce it has joined forces with United Benefit Advisors (UBA) as a Certified Solution Provider. The PCM Pharmacy Engagement Program fosters positive participation to drive better outcomes for companies and their employees. The UBA- PCM program provides an innovative approach to utilization management. The program helps doctors choose cost-effective medication alternatives while working closely with client employees - a collaborative solution. We encourage smarter prescription drug choices to achieve the lowest total plan cost. Lauren Yurick, Principal of Benefit Resource Group, a UBA Partner Firm, says, "I think the relationship between PCM and UBA is an exciting new partnership. The patient and physician engagement strategy that PCM employs is very unique in the market, and offers self-funded clients a proven way to impact their drug spend. The fact that it is a no-risk offering to the employer shows that they really stand behind their process. Once again, UBA is delivering best in class products to its Partner Firms to enable us to provide outstanding value to our clients."

PCM partners with brokers, agents, Third Party Administrators (TPAs), and coalitions nationally to bring pharmacy and prescription cost savings to companies and their employees. In partnership with UBA, PCM is introducing the Pharmacy Engagement Program to more than 200 UBA offices throughout the United States.

About Prescription Care Management:

Prescription Care Management is a leading independent provider of prescription management services working with self-funded groups in a variety of verticals. PCM provides an additional layer of prescription savings through the .Alternative Prescription System. (A.P.S.). PCM identifies cost-saving opportunities while providing savings to clients and their employees with full transparency. For more information about the company and its programs, please visit www.pcmsavings.com, 1-800-281-7050 or e-mail sales@pcmsavings.com.

About United Benefit Advisors:

United Benefit Advisors is the nation.s leading independent employee benefits advisory organization with more than 200 offices throughout the United States, Canada and the United Kingdom. As trusted and knowledgeable advisors, UBA Partners collaborate with more than 2,200 fellow professionals to deliver expertise, thought leadership and best-in-class solutions that positively impact employers and make a real difference in the lives of their employees and families. Employers, advisors and industry-related organizations interested in obtaining powerful results from the shared wisdom of our Partners should visit UBA online at www.UBAbenefits.com.

 

Rising Prescription And Healthcare Costs Have Employers Worried!

If That's Your Case Then Prescription Care Management Is Just What the Doctor Ordered!
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Many organizations offer strong benefit plans to employees to attract and retain them, but with the current financial crisis looming, managing the costs of these benefits is becoming increasingly difficult. As the consumer demand for drugs and medications is rising, so is their cost. Add to that the American populations growing reliance on drug therapies and the overall medical inflation and you have a potentially disastrous financial situation at your hands.

Many companies have memberships and plans with various Pharmacy Benefit Management programs to combat this issue. But the ideal solution in this case seems to be the Alternative Prescription System (A.P.S) offered by Prescription Care Management.

The A.P.S is one of a kind, proprietary system that works in conjunction with your existing Pharmacy Plan or as a stand-alone system to advise cheaper alternatives to expensive medications. It promises to help control prescription drug costs for companies while increasing the level of care provided to members. Options such as therapeutic alternatives, target generic alternatives, extended supply pharmacy, or pill splitting is offered and may enable members to save money and increase quality of care. PCM has delivered response rates and results that are significantly higher than traditional health plan cost-saving strategies.

It is becoming increasingly difficult for companies to balance their healthcare expenses and existing income streams in the current economic environment. PCM employs the concept of utilization management to make sure that each of their clients receives the correct prescription at the right time, in the precise amount and exactly for as long as they need. As part of the service offering, the ability to act as an independent audit arm for the company and review the transactions by the PBM is also a valuable part of the program.
Prescription Care Management’s program makes sure that the final decision regarding the drug to be used always rests with the member. To assist them in making alternative drug recommendations, PCM employs a large team of pharmacists to assess the nature of each case individually and make the decisions about the best ways to maintain the patients’ quality of care. This innovative solution includes services that proactively support health plan initiatives to promote changes relating to compliance, formulary management, therapeutic alternatives and disease state management for members.

Prescription Care Management’s largest differentiator is that they are a no-risk operation. Once a company employs PCM to review their prescriptions, the savings are quick and noticeable and best of all, they are constant. Once the system has analyzed a drug request, the resulting suggestions of alternative drug therapies are reviewed by pharmacists and translated to the physician as well as the member to make sure that all parties involved are satisfied with the decision. The approach is both member and physician friendly. Encouraging physicians and patients to discuss options and initiate positive changes allows members to save money and health plans to reduce costs.  The A.P.S promises major pharmacy cost-savings and using it effectively can manage medicine –associated costs.

Summary:

Offering health and drug benefits is now becoming very uneconomical for American companies. PCM is trying to change that with its innovative Alternative Prescription System that encourages pharmacy savings even with a company’s existing Pharmacy Plan in place. Prescription Care Management is NOT a PBM. The savings approach to drug prescription management is both member and physician friendly.

About Prescription Care Management:

Prescription Care Management is a leading independent provider of prescription management services working with self-funded groups, coalitions and MCO’s in a variety of verticals. PCM provides an additional layer of prescription savings through the “Alternative Prescription System” (A.P.S.). Their ability to identify potential efficiencies and cost-saving opportunities while providing savings to clients is their key to success. A.P.S. identifies prescription alternatives and makes the most cost-effective choice based on clinical effectiveness and overall cost to the patient and the plan. The PCM business model also provides full disclosure and transparency assisting companies in managing their PBM.

For more information about the company and its programs, please visit http://pcmsavings.com, call toll free at 1-800-281-7050 or e-mail sales@pcmsavings.com.

 

PCM Introduces A Utilization Management Program to Cut Healthcare Expenses!

If You Are Tired Of Constantly Second Guessing Your PBM, You Need An Rx For Prescription Care Management!

The economic downfall has affected the healthcare industry adversely. Costs are rising rapidly and as drug research gets more expensive so does the cost of drugs. Companies and organizations offering healthcare benefits to employees are constantly seeking ways to control rising drug costs. One method often used is to promote the use of pharmaceutical equivalents based solely on patient requirements.

Taking this cause a step further is Prescription Care Management. PCM has introduced an Alternative Prescription System (A.P.S.) which is used in conjunction with a company’s existing Pharmacy Benefit program.

This is an innovative new twist for the utilization management industry. The Alternative Prescription System (A.P.S.) is a substitute prescription database that enables automatic communications with doctors. The system helps doctors choose more cost-effective alternatives for medications but the final decisions about care choices remains with the member.

Prescription Care Management can be utilized alongside any existing pharmacy plan to improve and expand savings. PCM has expert pharmacists working with them to help evaluate the appropriateness of the required medication. Each decision is based on a thorough analysis and A.P.S recommendations are reviewed by multiple channels before reaching the doctor and member.

In the last decade or so, healthcare costs have risen significantly and managing medications, doing chart reviews, studying contra-indications, etc. has become a high priority. Many big companies using PBM’s are doing these things while trying to ensure regular savings, but they are not always successful. Most mid to small sized companies cannot afford to do it; even though they also are in need of savings.

PCM’s A.P.S. has arrived at the right time to help counter these issues.  PCM has partnered with numerous brokers, agents and coalitions across the USA to bring Pharmacy and Prescription cost savings to their members. This unexpectedly efficient prescription system has another surprise. PCM only charges a percentage of their savings. So if a company isn’t saving while utilizing the A.P.S., they aren’t paying either.

PCM is promising better benefits and best of all, at no extra cost. PCM is not a PBM, it’s something even better. Not only does their A.P.S. save money by suggesting affordable alternatives but it also understands individual needs of patients and companies and doesn’t just deliver blanket solutions across the client base.

Summary:

PCM has introduced Alternative Prescription System or A.P.S that can be used along with an existing Pharmacy Plan to deliver prescription savings. The system provides substitutes to prescribed drugs that are more economical and just as effective.

About Prescription Care Management:

Prescription Care Management is a leading independent provider of prescription management services working with self-funded groups, coalitions and MCO’s in a variety of verticals. PCM provides an additional layer of prescription savings through the “Alternative Prescription System” (A.P.S.). Their ability to identify potential efficiencies and cost-saving opportunities while providing savings to clients is their key to success. A.P.S. identifies prescription alternatives and makes the most cost-effective choice based on clinical effectiveness and overall cost to the patient and the plan. The PCM business model also provides full disclosure and transparency assisting companies in managing their PBM.

For more information about the company and its programs, please visit http://pcmsavings.com, call toll free at 1-800-281-7050 or e-mail sales@pcmsavings.com.

 

Prescription Care Management Successfully Combats "Me Too" Drugs with Alternative Prescription System (A.P.S.)

Pharmaceutical patent law is a complicated field that produces judgments with significant implications for consumers, providers, insurers and investors. When a pharmaceutical company develops a new drug, one of the first steps is to apply for a patent.  This patent will expire in twenty years, allowing other companies to produce and sell the drug as a generic.  Since the generic company has not invested in the research, development and marketing of the drug, they are able to sell it for a greatly reduced price.  This has a drastic impact on the sales of the brand name drug. 

Although this process seems straight forward, there is a complex and tumultuous arena of patent litigation.  When a blockbuster drug is being threatened by the possibility of a generic, delaying the generic launch by weeks or even days can have a substantial financial impact for the brand name company.  Plavix, an antiplatelet medication with annual sales of $6 billion dollars, was briefly available as a generic in 2006.  The Canadian company Apotex began producing the generic while in litigation challenging the validity of Bristol Myers’ patent.  Ultimately the patent was upheld, and Bristol Myers retains the exclusive rights to Plavix until November 2011.

The cholesterol medication Lipitor has also been involved in a patent tug-of-war.  Lipitor is a racemic mixture, meaning each pill contains half of the active compound and half of its mirror image that has little or no activity in the body.  It would be possible to isolate just the active half of the mixture to create a “new” drug with similar efficacy and side effects as Lipitor.  Pfizer currently holds patents for Lipitor, as well as all of the related components.  Another company challenged that the patent held by Pfizer for the isolated active portion of Lipitor was invalid based on inaccurate data included in the patent paperwork.  If they had won this case, they may have been able to produce a spin-off of Lipitor before the patent expired.

The expense that is involved in these patent lawsuits is yet another factor in the rising cost of prescription medications.  Unfortunately these costs are passed on to consumers in the form of high priced prescription medications.  In many cases there are therapeutic alternatives to high priced medications that can be more affordable without sacrificing results.  Prescription Care Management utilizes clinical pharmacists to work with patients and physicians to find appropriate treatment options for patients that are cost-effective.  Their Alternative Prescription System (A.P.S) helps to identify other medications that can result in substantial savings for the patient and the plan, without sacrificing the patient’s quality of care.  In an industry muddled with legal posturing and confusing marketing messages, Prescription Care Management believes that clear communication amongst a patient-physician-pharmacist team will result in the most positive outcomes for all involved parties.