Understanding the Escalating Cost of Prescription Drugs
Over the past decade, prescription drug spending in the US has more than doubled, surpassing $500 billion in 20231 and projected to rise by 38% through 20282. This financial strain is not merely a statistic; it’s a harsh reality for many Americans. A 2020 study by the Kaiser Family Foundation revealed that 1 in 4 […]
Removing the Blindfold: Better Medication Decision-Making
Imagine this: You’re at a grocery store, picking up ingredients for your family dinner. As you stroll through the aisles, you gather the essentials for a delicious spaghetti dinner. But here’s the catch – you have no idea what the prices are until you reach the checkout counter. It’s like grocery shopping blindfolded, hoping your […]
Tap, Compare, & Save
Historically, switching pharmacies was a manual and time-consuming process. Even with the potential for savings, it’s a task that is avoided because of the hassle. Everything else that you purchase has been made easier with mobile apps. For example, you can easily find which gas station has the best price near you with a few […]
Navigate Pharmacy Surprises with Confidence
A trip to the pharmacy can be a stressful experience when you don’t know what to expect. Meet Sarah. She recently avoided the stress that comes with the unknowns at the pharmacy counter with her Levrx Member App. Like many, Sarah is on multiple medications to manage her chronic conditions. On her most recent pharmacy […]
The Member Experience is More than Pharmacy
I recently presented at the Children’s Hospital Association HR Benefits Forum. During the conference, I learned about challenges with employee communication and retention from HR and Benefit leaders. To retain employees, innovative benefits and programs are being implemented. However, as more programs are added, it becomes increasingly difficult to deliver personalized messaging to larger and […]
Insights From a Pharmacist: Affording Your Meds Shouldn’t Be a Nightmare
The number one reason people abandon their prescriptions is cost. I spent many late nights frantically searching for lower-cost alternatives to help individuals. As much as I tried, many left the pharmacy frustrated and empty-handed. A long-term customer of mine was on six different life-sustaining medications to manage multiple chronic conditions, including diabetes. When she […]
Digitally Increase 340B Prescription Capture Rate
The 340B program was created to help qualified entities reduce the cost of outpatient pharmaceuticals for patients, allowing for the expansion of comprehensive health services to the communities they serve. To support the continuity of care for underserved patients, it is essential to increase and maintain 340B capture rate through domestic and contract pharmacies. Hospitals […]
Technology is Not a Trend
Controlling pharmacy costs and mitigating risk has always been a priority for plan sponsors. In my time as a pharmacy benefit consultant, I worked with employers and hospitals to implement ideas and programs that aligned with their goals. While these programs are a strategic success, they cause member disruption and require time-consuming manual processes that […]
Your Digital Privacy is Our Priority
According to a study by Pew Research Center, most people feel they don’t have control over their personal data. At Levrx , we are committed to keeping your data safe and being transparent. Worry less by learning the answers to the most frequently asked questions: What data is Levrx collecting? For those using the Levrx […]
Is the Mark Cuban Cost Plus Drug Company Right for My Members?
The Mark Cuban Cost Plus Drug Company (MCCPDC) is taking the discount pharmacy world by storm. By promising the “lowest possible prices” and offering transparency, the company is grabbing the attention of consumers. After all, who doesn’t want the best price? With this tempting promise, many health plan members are enticed to change their drug purchasing […]