Scripius (a Salt Lake-based Pharmacy Benefit Management (PBM) service will join forces with South Dakota-based Avera.
2024 Prescription Cost Update
Scripius (a Salt Lake-based Pharmacy Benefit Management (PBM) service will join forces with South Dakota-based Avera.
Using cash pay and upstart pharmacies to lower Rx costs
If it doesn’t have one already, your health plan needs a GLP-1 strategy
Health plan is one of the first to offer its members access to over 1,000 pharmaceutical products available through Cost Plus Drugs
How quickly your Pharmacy Benefits Manager (PBM) reacts to prescription market trends is crucial, because the prescription drug benefits a company offers impact its bottom line. Below is our Q1 and Q2 update about how Scripius, the PBM that manages Select Health’s prescription drug benefits, made quick market reactions to lower costs and provide better access to effective medications.
Having an agile benefit provider is a key to business growth and profitability, since a PBM needs to actively monitor the market and make quick decisions that benefit a company and its employees.
Even with generic drugs, many patients are paying 90% more than they should.
It doesn’t surprise anyone who lives in the employee benefit world that over the past decade (2011-2021) the cost of “Specialty” drugs has increased 28%. Additionally, 55% of total medication spending in 2021 was in the Specialty drug class.
The Centers for Medicare and Medicaid Services (CMS) have announced that Select Health Medicare HMO plans earned a 5 out of 5-Star Overall Rating for 2023 and its Medicare Advantage plan is among the highest-ranked in the country.