The Validation Institute verified that the US-Rx Care pharmacy benefits management approach meets the highest transparency standards and significantly reduces self-insured employer pharmacy spend.
Hollywood, United States - January 24, 2023 /PressCable/ —
Fiduciary Pharmacy Benefit Risk Management organization US-Rx Care is pleased to announce the recent validation of its commitment to the highest level of organizational transparency and performance for prescription drug savings. The Validation Institute verified that the US-Rx Care pharmacy benefits management approach meets the highest transparency standards and significantly reduces self-insured employer pharmacy benefit spend.
“We are acutely aware of the need for accountability in the healthcare industry, as deceptive claims put the health of our most vulnerable populations as well as health plan sponsors at risk,” said Benny DiCecca, President of the Validation Institute. “That’s why we designed a rigorous review process to evaluate the promises healthcare companies are making concerning transparency and savings.”
After thorough review, the Validation Institute concluded that US-Rx Care’s pharmacy risk management services qualified for two validations recognizing cost-savings and contract transparency.
“Among the many benefits for plan sponsors working with a fiduciary compliant pharmacy benefit manager, transparency and savings over the traditional PBM model are two central components,” said Renzo Luzzatti, President of US-Rx Care. “We are very pleased to have the Validation Institute’s independent confirmation that we are delivering on our promises and commitments to our clients”.
Self-insured employers can place their trust in US-Rx Care with confidence, knowing the results have objective, third-party validation.
“This achievement lends significant credibility and sets US-Rx Care apart from other industry competitors,” said Renzo Luzzatti. “Our fiduciary approach is unique in the industry, and very much needed now more than ever, not only for the fiscal health of plan sponsors, but also our alignment with the new requirements of the Consolidated Appropriations Act for plan fiduciaries.” “Plan spend on pharmacy benefits typically drops 30%-50% or more in the first 12 months of service with US-Rx care and member out-of-pocket costs typically drop between 30%-40% as well. A win…win”.
About US-Rx Care
US-Rx Care is a clinical pharmacy organization providing fiduciary pharmacy risk management services to self-insured employers, union trust funds, and health plans of all sizes encompassing over 5 million insured individuals. US-Rx grew up in the at-risk health plan environment, working for and consulting to multiple Medicare, Medicaid, and commercial health insurers for over thirty years. At US-Rx Care, clients have access to proven pharmacy risk management programs and solutions that have consistently delivered 30%-50% or more reductions in pharmacy benefit spend for at-risk health plan sponsors. US-Rx have also assisted multiple plans achieve dramatic increases in HEDIS / Stars quality scores to achieve a 5 star rating under Medicare. Learn more about US-Rx Care at https://usrxcare.com/.
About Validation Institute
Validation Institute is an independent, objective, 3rd party organization on a mission to improve the quality and cost of healthcare. Based in Portsmouth, N.H., the organization is made up of a network of health benefits purchasers, health benefits advisors, and healthcare solution providers focused on delivering better health value and stronger outcomes than conventional healthcare. Learn more about Validation Institute at https://validationinstitute.com/.
Contact Info:
Name: Jennifer Peak
Email: Send Email
Organization: USRX
Address: 4600 Sheridan Street, Hollywood, FL 33021, United States
Website: https://usrxcare.com/press-release/
Source: PressCable
Release ID: 89088873
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