EmpiRx Health’s Post

🚀 Rethinking Pharmacy Benefits: The Power of Disintermediation 🚀 In the complex world of healthcare, PBMs have long been key players in managing prescription drug benefits. But what if we could streamline the system by disintermediating PBMs? The potential for significant cost savings and enhanced community health is a conversation worth having. 🔍 Disintermediation Explained: Simply put, it's about removing middlemen. In the context of PBMs, this means direct engagement between payers (like employers or health plans) and pharmacies or drug manufacturers. 💡 Driving Cost Savings: By bypassing traditional PBM structures, we can potentially reduce administrative fees, markup costs, and the complexity of rebate systems. This cost efficiency can be passed down to payers and patients, making medications more affordable. 🌱 Creating Healthier Communities: With lower drug costs, patient access to essential medications improves. This is particularly crucial for chronic conditions where consistent medication adherence is key to managing health outcomes. 🤝 Direct Relationships, Better Care: Direct engagement fosters transparency and alignment of incentives among all parties – payers, providers, and patients. It encourages a focus on value-based care, where the emphasis is on patient outcomes rather than volume of prescriptions. 🌟 The Road Ahead: As we look to the future, exploring innovative models of healthcare delivery and financing, including disintermediating PBMs, could be a game-changer in our pursuit of a more efficient, equitable, and healthy society. Interested in exploring how disintermediating PBMs can benefit your organization and contribute to the health of your community? At Wellyfe, we're committed to pioneering innovative solutions in pharmacy benefits management. Our team of experts is ready to guide you through the potential of this approach and help you unlock tangible savings and health outcomes. 📩 Get in Touch: Feel free to reach out for a more detailed discussion on how Wellyfe can assist your organization in navigating the evolving landscape of pharmacy benefits. Let's redefine healthcare together! Contact us at www.wellyferx.com or drop a message here on LinkedIn. #Wellyfe #HealthcareSolutions #InnovativeHealthcare #PharmacyManagement #ContactUs #HealthcareInnovation #PBMs #PharmacyBenefits #CostSavings #CommunityHealth #HealthcareManagement

The Final #CMS ruling will create the most significant changes to the medication adherence programs since it was first introduced into the #StarRatings program. Register now for the Digital Strategies to Improve Medication Adherence and Health Equity Webinar with Nicole Grevenitz, Reva Sheehan, and Brian Heacox on May 8, 2024 at 11am PT / 2 pm ET to gain insights into some of our best-performing #medicationadherence programs. https://hubs.ly/Q02v5B5p0

How will you manage the CMS Medication Adherence Measure Changes? mPulse Decision Point by mPulse HealthTrio by mPulse Reva Sheehan Brian Heacox Nicole Grevenitz #medicare #digitalhealth

Discover the power of #HubServices in enhancing patient engagement and health outcomes. Our latest whitepaper dives deep into how these services simplify the journey for patients accessing specialty drugs, making a real-world difference. It's time to rethink patient support ➡️ https://hubs.li/Q02pQJVq0 #HealthTech #SpecialtyPharma #PatientEngagement

Check out the latest report from Employer Health Innovation Roundtable (EHIR) here: https://lnkd.in/eR9E2jeV! It explores the lack of transparency in pharmacy benefits and the challenges that creates for plan sponsors. It includes a Navitus case study which highlights how an aligned PBM partner can enable fiduciary decisions with clarity of critical cost information. #navitus #epiphanyrx #pbm #pharmacybenefits #pharmacy #transparency

🔍 Unlocking the Potential of 340B Optimization with Wellyfe! 🔍 In the ever-evolving landscape of healthcare, the 340B Drug Pricing Program stands out as a pivotal opportunity for covered entities to extend their resources further, enhancing patient care while maintaining financial health. But, navigating the complexities of 340B can be a daunting task. That's where Wellyfe steps in! At Wellyfe , we're dedicated to empowering healthcare providers by demystifying the intricacies of 340B optimization. Whether you're a seasoned participant or new to the program, our tailored solutions are designed to ensure you're maximizing every opportunity the 340B program offers. Here's what we bring to your 340B journey: Comprehensive Analysis: Dive deep into your current 340B setup with our thorough audits and compliance checks. We identify gaps, uncover opportunities, and pave the way for optimized operations. Customized Strategies: Every entity is unique, and our bespoke strategies reflect that. We craft personalized plans that align with your goals, ensuring you leverage 340B to its fullest potential. Technology-Driven Solutions: With Wellyfe, embrace cutting-edge technology designed to streamline your 340B management. From inventory tracking to claims reconciliation, our tools simplify complexity. Expert Guidance: Navigate the 340B landscape with confidence, backed by a team of experts. From regulatory changes to operational best practices, we're here to guide you every step of the way. The journey to 340B optimization is filled with potential. Let Wellyfe be your guide to unlocking the benefits of the 340B program, enhancing your ability to serve your community while safeguarding your financial stability. 🌐 Visit us at www.wellyferx.com to explore how we can transform your 340B experience. #340BOptimization #HealthcareInnovation #Wellyferx #PharmacySolutions #HealthcareManagement

Download the below to get valuable insights into the PBM space. Thanks for the partnership EHIR and taking the lead in putting this together. https://lnkd.in/eR9E2jeV

Multi-Med Adherence Packaging Market is expected to witness a 6.11% CAGR by forecast period 2032 The Multi-Med #Adherence Packaging market is rapidly expanding due to its crucial role in enhancing patient compliance with complex #medication regimens. This #packaging solution, which organizes multiple medications into pre-sorted doses, is particularly beneficial for elderly #patients and those with chronic conditions. Key drivers include rising #healthcare costs, increased prevalence of chronic diseases, and the push for improved patient outcomes. Innovations in packaging #technology and the growing emphasis on patient-centric care are further propelling #market growth. As healthcare providers and patients recognize its benefits, the #MultiMed Adherence Packaging market is poised for sustained expansion. Download Free Sample Copy Of Report @ https://shorturl.at/35thC Key Players Arata CGRX Ones Packaging Industry Lobal Global X Systems LLC Anrex Company Omnicell Manrex Ltd. Market Research Future® (MRFR) #Medicalpackaging #Packaging #Packagingdesign #Packagingindustry #Packagingcompany

DKI Health’s Jamie Culp and the National Bleeding Disorders Foundation's Philip Gattone presented “Amplifying Patient Voice in Market Access” at the 4th Chief Patient Officer Summit (#CPOSummit). What to know: • Health insurers are covering fewer drugs and making them harder to get. • New utilization management (UM) tactics emerge as payers and pharma fight over cost sharing: patients pay the heavy price. • Payers apply artificial intelligence (AI) to limit patient care—sometimes against clinician opinion and Medicare rules. • Drug access has been protected by patient advocacy in legislatures, courts, and prescription drug affordability boards (PDAB). Patients and advocates can be a difference-maker in winning and maintaining access—if we understand and address their needs. • NBDF’s Comprehensive Care Sustainability Collaborative shows the opportunity for collaboration with payers, providers, and patients to ensure treatment access. #DKImpact #patientvoice #marketaccess

My team's new report reveals critical insights into the lack of transparency in pharmacy benefits and how employers are leading the charge to make substantive change in the industry. Discover our findings and what's working for the most innovative employers to create a fairer, more transparent system.