The Missing Gap to Drug Savings: Physician Understanding of Formulary and Benefit Information within EHRs

The Missing Gap to Drug Savings: Physician Understanding of Formulary and Benefit Information within EHRs

Equipping EHRs with actionable information and arming physicians with training to find that information are critical for reducing prescription costs for payers and patients.

How Health Benefit Consultants Can Save Employers $88 Per Member Per Year on Prescription Costs

How Health Benefit Consultants Can Save Employers $88 Per Member Per Year on Prescription Costs

Health benefit consultants can help their clients save up to $88 per member per year on prescription spending by sending actionable drug data to doctors. By partnering with BenMedica, consultants can reduce their employers’ and members’ Rx costs, increase medication adherence, and improve patient outcomes.

Achieving Pharmacy Benefit Savings Today Before Real-Time Tools Arrive

Achieving Pharmacy Benefit Savings Today Before Real-Time Tools Arrive

Employers and health plans are missing significant prescription savings opportunities available today through improved formulary and benefit data.  Enhancing patient benefit data leads to better information at the point of prescribing, improves drug cost management, and creates savings now for both payers and patients.

Generating Savings for Patients and Payers through Improved Generic Prescribing

Generating Savings for Patients and Payers through Improved Generic Prescribing

Providing actionable information on generics options to physicians using Formulary and Benefit (F&B) data creates significant savings for payers, employers, and consumers.

Physicians have been conditioned to prescribe generics as part of first-line therapies to save patients money and eliminate callbacks requesting prescription changes. But, not all generic prescribing is equal.

3 Actions Health Plans Can Take Now to Improve Physician Prescribing and Lower Drug Costs

3 Actions Health Plans Can Take Now to Improve Physician Prescribing and Lower Drug Costs

Health plans who do not provide optimal Formulary and Benefit (F&B) information to prescribers through Electronic Health Records (EHRs) are missing a significant opportunity to lower medication costs and increase patient adherence to treatment.

BenMedica’s Response to CMS’ Proposal to Lower Drug Prices and Reduce Out-of-Pocket Expenses

BenMedica’s Response to CMS’ Proposal to Lower Drug Prices and Reduce Out-of-Pocket Expenses

The CMS’ proposed rule requires Part D sponsors to integrate a real-time benefit tool (RTBT) within an electronic medical record (EMRs).

This proposed rule overlooks the option of offering enhanced Formulary and Benefit (F&B) as a solution for prescriber access to more complete drug benefit information.

Updates to the Formulary & Benefit Standard Create Changes for the Next Decade

Updates to the Formulary & Benefit Standard Create Changes for the Next Decade

Formulary and Benefit (F&B) data is central to providing prescribers using Electronic Health Record systems (EHRs) information from payers on drug coverage and formulary preferences. The National Council for Prescription Drug Programs (NCPDP) determines the standard, called Formulary & Benefit Standard, for exchanging the information electronically.

Physician Insights into Real-Time Pharmacy Benefit Information

Physician Insights into Real-Time Pharmacy Benefit Information

Recently BenMedica hosted a roundtable of physicians to share their perspectives on EHR formulary data. We were particularly interested in obtaining feedback on formulary data as it appears in EHRs (discussed in this article) and the value of real-time pharmacy benefit information in the EHR. 

The following are the key takeaways from the roundtable regarding the new real-time pharmacy benefit information that will be appearing in EHR systems.