Pharmacist-owned PBM Gives Price
Transparency, Access to Low-Cost Medications,
Clinical Care
INDIANAPOLIS, July 23,
2024 /PRNewswire/ -- True Rx Health
Strategists, the Indiana-based
pharmacy benefit management (PBM) company whose clinically-trained
staff cares for hundreds of thousands of patients nationwide,
launched a patient-driven collaboration with Mark Cuban Cost Plus
Drug Company (Cost Plus Drugs).
The collaboration's objective is to lower what Mark Cuban has called the "ridiculous" cost of
prescription drugs, transcend the currently inflexible model
burdening the pharma industry, ensure that drug pricing is fair and
transparent, and that patient needs are prioritized first.
Through this collaboration, True Rx Health Strategists patients
now have access to purchase medications through Cost Plus Drugs as
an in-network mail pharmacy option, with savings passed to patients
and their employers. Additional patient-centered benefits of this
collaboration with Cost Plus Drugs include:
- True Rx Health Strategists patients will now save up to 60
percent on the cost of their medication
- Every drug available from Cost Plus Drugs is transparently
priced: the actual cost of the drug paid by the company, plus 15%
and a dispensing fee and a shipping fee
"Our relationship with Cost Plus Drugs helps to lower the
staggering cost of prescription medications and overcome the
confusion that makes it difficult for employers to manage their own
costs," said True Rx Health Strategists' CEO Mark Williams, a fourth-generation leader in the
family pharmacy business. "As Health Strategists, we are a new
patient-centric category in pharmacy benefits. We pay attention to
every patient's health story to optimize results while lowering
costs. Our collaboration with Cost Plus Drugs is another way we are
helping to ensure that employee health is prioritized over
profits."
In addition to the patient benefits, employers will now benefit
from the True Rx Health Strategist/Cost Plus Drugs collaboration as
they can:
- Provide employees with deeper pharmacy savings, with more
options, transparency and honest, no-nonsense pricing.
- Offer 100% human support through True Rx Health Strategists as
it has replaced automated patient support with a commitment to
phone calls answered by a caring team in 30 seconds. This genuine
patient care has resulted in a 4.9 of 5 patient satisfaction
rating.
- Prioritize patient health over profits through a
patient-centric approach.
"How we do business matters," adds True Rx Health Strategists'
Chief Strategy Officer Adrienne
LaBorwit. "Whether it's a hand-written note from our Patient
Support Team, or going the extra mile to find a way for a patient
to afford their specialty medication, we are here to provide
genuine care for our patients and support for employers when they
need it most. Providing additional drug cost savings through the
collaboration with Cost Plus Drugs is one more demonstration of
putting our patients first."
For more information on how the relationship between Cost Plus
Drugs and True Rx Health Strategists can benefit your company,
visit: https://landing.truerx.com/cost-plus-drugs.
About True Rx Health Strategists
Based in
Indiana, the pharmacists and
clinicians at True Rx Health Strategists champion health,
integrity, innovation and care nationwide by working with employee
benefit brokers and self-insured employers to provide affordable
pharmacy benefit solutions to employees/patients. Privately
held by generational family pharmacists, True Rx is transcending
the pharmacy benefits industry with flexibility, price transparency
and a patient-first approach to optimize employee health.
Employees, employers and benefit brokers can learn more
at: https://truerx.com
About Mark Cuban Cost Plus Drug Company
The
Mark Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs) aims to
fundamentally change the way the pharmaceutical industry operates.
As a public-benefit corporation, its social mission of improving
public health is just as important as the bottom line. Cost Plus
Drugs transparently charges a standard markup on every drug it
sells. The costplusdrugs.com online pharmacy
launched in January 2022 now carries
over 2,300 prescription products, delivered by mail to thousands of
happy customers every day. Customers can also go to participating
retail pharmacies to receive Cost Plus Drugs pricing through
the Team Cuban Card. Cost Plus Drugs is working with
health plans, managed-care organizations, pharmacy benefits
managers (PBMs) and self-insured employers to bring these same
savings to employer-sponsored benefit plans nationwide.
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SOURCE True Rx Health Strategists