EmpiRx Health applauds Blue Shield of California, a leading value-based PBM, for implementing the same model of pharmacy care. EmpiRx Health, the pioneer of value-based PBMs, announced a Four Point PBM Revolution Plan. The new plan aims to transform the PBM sector by placing the needs of the plan sponsors and members first, with value-driven pharmacy services.
EmpiRx Health’s “value versus quantity” model is built around a clinically-driven pharmacy care approach, which puts the pharmacist at the heart of the model. EmpiRx Health’s pharmacists use AI-powered population analytics to work directly with prescribers and dispensing pharmacy staff in order to coordinate the best possible pharmaceutical care. This customer-first, clinically-driven approach delivers better health outcomes and guarantees cost savings for plan sponsors.
These key operating principles are the foundation of EmpiRx Health’s Four-Point PBM Revolution Plan.
Cost of prescription medications is the primary driver for healthcare expenditures in the US. This trend is driven by several factors including the proliferation and high cost of specialty drugs, the lack of transparency in pricing, and the misalignment between incentives within the pharmaceutical supply chain. According to the Centers for Medicare & Medicaid Services, pharmaceutical spending will increase at a rate of approximately 6 percent per year on average. This is faster than any other area of healthcare.
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For more reporting on this topic, see our Prescription Drugs and Pharmacy news hub.