University of Minnesota Digital Conservancy >
University of Minnesota - Twin Cities >
INNOVATIONS in pharmacy >
Volume 02, Number 2, 2011 >
Please use this identifier to cite or link to this item:
|Title: ||Is Mail Service Pharmacy Cost Beneficial to Plan Sponsors?|
|Authors: ||Vulakh, Larisa|
Wertheimer, Albert I.
|Issue Date: ||2011|
|Publisher: ||University of Minnesota, College of Pharmacy|
|Citation: ||Vulakh L, Wertheimer AI. Is Mail Service Pharmacy Cost Beneficial to Plan Sponsors? Innov. Pharm. 2011; 2(44):1-8.|
|Abstract: ||The objective of this study was to describe and compare prescription drug costs charged to a plan sponsor for the top 50 maintenance medications provided through retail and mail service procurement channels. Data were obtained for covered beneficiaries of a health plan sponsored by an employer with just over 3,000 covered employees The analytics team at the PBM administering the plan sponsor’s prescription drug benefit provided de-identified claims information for the top 50 maintenance prescription drugs delivered through either mail service or retail procurement methods for this employer over a one year period (7/1/2008 to 6/30/2009). Based on these data, (1) dollar amount difference (mail service minus retail), and (2) percentage difference between mail and retail costs (as a percentage of the lower net cost per day) were computed. The findings revealed that 76 percent of the medication products studied were associated with a lower net cost per day to the plan sponsor through mail service procurement and 24 percent were associated with lower net cost through retail procurement.|
|Appears in Collections:||Volume 02, Number 2, 2011|
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.