RxEDO
 
Case Studies

Actual Results # 1

The following RxEDO client transitioned from a well known PBM with a traditional service model. The most intriguing aspect of these results is that our client realized these savings without making any changes to its previous benefit design or co-pay structure. Thus, there was no cost shift to the plan members. Additionally, although the client made no adjustments to the plan’s co-pays, the overall cost share for the plan improved by 2%; this was directly related to the fact that RxEDO’s billed cost for the drugs was considerably less than the previous PBM.

The following denotes key statistics based on actual claims experience:

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Case Study #1
Key Statistics Traditional PBM Results RxEDO Results

Pharmacy Cost
Avg. Total Cost per Claim*
Avg. Member Pay per Claim
Avg. Plan Pay per Claim**
Avg. Plan Pay per Generic Rx

Utilization
Generic Rx Utilization
Avg. Member Cost Share


$74.67
$16.71
$57.96
$24.05


65%
22%

$63.74
$15.01
$48.73
$12.81


66%
24%

*Total Cost Savings per Claim: $10.93;**Total Plan Pay Savings per Claim: $ 9.23


Actual Results # 2

The following RxEDO client transitioned from a well known PBM with a traditional service model. Like the previous case study, this client realized these savings without making any changes to its previous benefit design or co-pay structure. It is interesting to note that although generic utilization actually decreased after the transition, the total cost per claim improved by $8.27 per claim for the plan.

The following denotes key statistics based on actual claims experience:

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Case Study #2
Key Statistics Traditional PBM Results RxEDO Results

Pharmacy Cost
Avg. Total Cost per Claim*
Avg. Member Pay per Claim
Avg. Plan Pay per Claim**
Avg. Plan Pay per Generic Rx

Utilization
Generic Rx Utilization
Avg. Member Cost Share


$84.25
$15.61
$68.65
$17.36


64%
19%

$75.98
$15.66
$60.33
$14.09


62%
21%

*Total Cost Savings per Claim: $8.27;**Total Plan Pay Savings per Claim: $5.82


Actual Results # 3

The following RxEDO client transitioned from a well known PBM with a traditional service model. Prior to their transition this particular client looked to RxEDO for additional cost management strategies. The client acted on RxEDO’s recommendation to introduce a co-insurance copay for preferred/non-preferred (30%/50%) brand drugs thereby providing a consistent cost share for the plan and its members. Plan members paid the greater of $30/30% for preferred brand and $50/50% for non-preferred. Consequently, the co-pay change coupled with RxEDO’s PBP service model provided the following results:

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Case Study #1
Key Statistics Traditional PBM Results RxEDO Results

Pharmacy Cost
Avg. Total Cost per Claim*
Avg. Member Pay per Claim
Avg. Plan Pay per Claim**
Avg. Plan Pay per Generic Rx

Utilization
Generic Rx Utilization
Avg. Member Cost Share


$81.81
$24.96
$56.84
$15.12


55%
31%

$68.51
$26.27
$42.24
$12.83


59%
38%


*
Total Cost Savings per Claim: $13.30;**Total Plan Pay Savings per Claim: $ 9.23

Plan implemented a greater of co-insurance copay (30% -50%) to existing flat copay for preferred and non-preferred brand drugs. 

RxEDO Case Studies
An associate who works with others toward a common goal.

As a Prescription Benefit Partner (PBP), RxEDO believes its business model acts in the best interest of all partner companies involved in the administration and management of a prescription drug program. RxEDO’s partners include direct clients, pharmacies, drug manufacturers, mail order providers, specialty pharmacy providers, as well as brokers, consultants and other industry professionals.

Our straight-forward approach allows each partner to meet their individual objectives, while at the same time achieve the ultimate goal of better, overall prescription drug plan management.