ProCare Rx

According to the Association of Healthcare Journalists, the US spent over $633 billion on prescription drugs in 2022 alone, with a large chunk of that stemming from the unknown billions paid to PBMs. From agreements with pharmaceutical managers to favoring medications that provide higher rebates, the conflicts of interest behind the scenes can skyrocket prices. At ProCare Rx, that isn’t the case. We’re privately held and fully dedicated to serving our clients with integrity and transparency. ProCare Rx ensures you stay free from behind-the-scenes costs while enhancing member experience through customized, creative solutions. Reach out today to learn more: https://hubs.li/Q02X0CpN0 Source: https://hubs.li/Q02X0KZL0

In the past year alone, the percentage of pharmacy costs for all employer health benefit costs has risen from 21% to 27%. A key driver of this? The demand for specialty drugs like GLP-1 diabetes, which can cost around $1,000 per month*. Self-insured groups expect PBMs to implement cost-containment strategies, such as site-of-care optimization, prior authorizations, and specialty pharmacy partnerships. At ProCare Rx, we’re here to provide those cost-containment strategies, especially as high-cost therapies continue to emerge. With flexibility, scalability, and a strong track record of proven cost-savings, our program helps counter the rising cost of specialty drugs while providing employees with what they need. Learn more about how we can help at https://hubs.li/Q02WTxwZ0 Read more about the recent drug costs here: https://hubs.li/Q02WTHcd0

Happy Halloween! We hope your holiday is filled with spooky celebrations.

The National Library of Medicine cites that most Medicare Part D participants have a negative experience, which can result in extreme reluctance to utilizing resources and plan updates. Some even described the process as a "nightmare," with one specifying that "it’s like the tax code. You have to almost have an accountant." Many expressed that as they age, they need things to be less confusing, but that healthcare is "just getting more and more complex and difficult to manage." A vital part of a strong plan is making sure members are supported. With in-house, high-touch customer service, ProCare Rx assists members with understanding plan details and medication coverage, prescription assistance, and navigating Medicare Part D. Resolve issues quickly and make sure your members are never left on hold — reach out to ProCare Rx for more information today. Source: https://hubs.li/Q02W7m0Z0

In a recent interview, our Executive Vice President LaMar W. shared valuable insights on the "Seven PBM Standards"—a framework that emphasizes the core principles that ensure a pharmacy benefit manager (PBM) remains transparent and honest with their customers. The first of these standards? Being a Direct Source PBM. What does that mean? As a Direct Source PBM, we eliminate the middleman, offering full transparency into costs and operations—ensuring our clients know exactly what they’re paying for and receiving. Stay tuned as we continue to unpack the rest of the Seven PBM Standards or feel free to watch the whole interview here: https://hubs.li/Q02VTgP10 #PBM #DirectSourcePBM #Transparency #ProCareRx

The Department of Health and Human Services Assistant Secretary for Planning and Evaluation report found that drug prices surged 35% between 2022 and 2023. Nearly 2,000 drugs saw price hikes outpacing general inflation, with an average increase of 15.2%. As drug costs continue to rise, ProCare Rx offers a solution: our online adjudication system with real-time drug utilization reviews helps cut costs while ensuring a quality member experience. With full transparency, white-glove customer service, and utilization data consultation, our online adjudication system enhances member experience through customized, creative solutions. Reach out today to learn more: https://hubs.li/Q02VjbMh0 Source: https://hubs.li/Q02Vj6vV0 #costcontainment #pbm #ProCareRx

October is Breast Cancer Awareness Month, and it’s crucial to understand the risk factors and take steps to protect your health. While some risks like age, family history, and genetics can't be changed, others—like exercising regularly, eating healthy, and avoiding smoking and excessive alcohol—can help lower your risk. Learn more about reducing breast cancer risks and empower yourself to take action. https://hubs.li/Q02V4dDL0 #BreastCancerAwareness #Healthcare #ProCareRx

Did you know that less than 2% of the population drives over 50% of pharmacy costs due to high-cost brand medications? ProCare Rx’s Concierge Pharmacy Services offer a solution. By helping patients access these medications at reduced costs through alternate funding, personal importation, and more, we drive down costs for both patients and plan sponsors. It's about providing cost-effective, patient-friendly care that truly makes a difference. Learn more about how we optimize costs and maximize business value: https://hubs.li/Q02TX_jK0 #PharmacyBenefits #EmployeeWellness #PBM

Happy Indigenous Peoples' Day! 🎉 Let’s recognize the strength, resilience, and cultural heritage of Indigenous communities. Today is a reminder to reflect on history, appreciate the beauty of diversity, and commit to a brighter, inclusive future. 🌎💙

ProCare Rx offers customizable programs for managing pharmacy and medical rebates. We negotiate with over 125 manufacturers to help you achieve financial goals and reduce the net cost of medications. Here’s how:    💊 Pharmacy Rebate Administration: We provide strategies to maximize manufacturer rebates for branded drugs, devices, and biosimilars. 💉 Medical Rebate Administration: We assist risk-bearing entities with manufacturer-approved policies, submission processes, and rebate opportunities for high-cost medical drugs.   Learn more:  https://lnkd.in/eimSaUmJ   #RebateManagement #PharmacyRebates #MedicalRebates