RxPool™ - A Pharmacy Benefit program that creates leverage
Allowing hospitals to drive down their prescription drug costs
In today’s environment one of the most difficult struggles hospitals and healthcare organizations face are escalating costs. With reimbursement challenges and cost increases, margins are compressing. It is increasingly difficult to stay profitable.
One of hospitals’ largest costs is the prescription drug coverage provided to their employees and family members. Many hospitals and healthcare organizations find it almost impossible to lower their Pharmacy Benefit costs while maintaining the quality of their coverage. This is largely due to a small group of employees and dependents under their current benefit coverage umbrella.
Hospitals pay broker fees to place their business in the market and Pharmacy Benefit Managers pay brokers to convince hospitals that they are delivering a fair market deal. The reality is they are only a mechanism of the PBMs to get your business.
The unfortunate environment regarding prescription coverage currently is:
- Most hospitals have very little leverage, cost increases are a way of life.
- Cost decreases with little to no change in the quality of benefit are extremely rare.
- A “competitive” bidding process does not exist (even though you are told it does)
- The smaller the organization, the less leverage
- Incentives in the drug channel are not aligned to reduce your drug spend.
- The best interest of the hospital is NEVER CONSIDERED
QUESTIONWhat if there was a different way to approach pharmacy benefit coverage,obtain leverage and drive down your costs?
ANSWERThere is a way - RxPool™
Performance Healthcare Solutions RxPool PBM Savings Program was designed to be a disrupter in the pharmacy benefits space. RxPool is a risk-free way for hospitals to re-gain control over the never-ending cost increases in pharmacy benefits. The RxPool has been designed for all hospitals, regardless of size, either self-insured or fully insured. Simply join other hospitals across the county, become a member of the RxPool.
There is a guaranteed 10% savings on your drug spend once converted. Also guaranteed is a “substantially similar” plan design, retail pharmacy network, and formulary. There is no disruption, just cost savings.
EMPOWERING PHS is EMPOWERING HOSPITALS
Benefits of joining the RxPool
- No Risk, you will not write us a check
- Guaranteed significant 10% minimum savings on your drug spend.
- Simple 5 page contract
- Hospitals helping hospitals
- Any size organization can participate, applies to self-insured and fully insured
- Joining a continually growing pool of lives guarantees continual cost reduction
- Substantially similar formulary, retail network, and plan design.
- Save meaningful dollars with little to no change
JOIN NOWIf you would like to learn more on how RxPool can have a powerful impact on your organization, please contact us:
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