EmpiRx Health’s Post

The New York Times reporters who wrote the scathing article last month on the traditional PBMs are back with a new piece that discusses how the FTC has now taken up the cause. The FTC just released a report that strongly criticizes the Big 3 PBMs for their anti-competitive practices that frequently drive up prescription drug costs instead of helping to lower them.    Here are some key passages of today’s Times article: • The Federal Trade Commission on Tuesday sharply criticized pharmacy benefit managers, saying in a scathing 71-page report that “these powerful middlemen may be profiting by inflating drug costs and squeezing Main Street pharmacies.” • The regulator’s study signals a significant ramping up of its scrutiny of benefit managers under the agency’s chair, Lina Khan. It represents a remarkable turnabout for an agency that has long taken a hands-off approach to policing these companies. • Benefit managers are supposed to save everyone money. But in recent years, the industry has grown more consolidated and has taken more control over how patients get their medicines, in a shift that critics say contributes to driving up drug costs. If you would like to learn more about how EmpiRx Health’s clinically-driven pharmacy care solutions help you to keep your members healthy while substantially reducing costs, visit our website at www.empirxhealth.com. #NewYorkTimes #FTC #PBM

We are excited to announce that EmpiRx Health has been certified again as a Great Place to Work®! This certification is a testament to our unending commitment to fostering a positive, inclusive and encouraging workplace culture where every team member can thrive.   We believe that a great workplace is built on trust, respect, and empowerment. This recognition reflects the dedication of our incredible team who work hard every day to provide the highest quality pharmacy care to our clients and members.   Thank you to all our employees for making EmpiRx Health a fantastic place to work. Together, we will keep growing and continue to create meaningful experiences for our entire organization.   Is this the type of company culture you’d like to be a part of? Apply to one of our open positions today! https://lnkd.in/erhXeR4s #GreatPlacetoWork #Certified

Clinically™ - Powered by EmpiRx Health is the first and only clinically-driven PBM technology platform. The AI-powered Clinically platform enables EmpiRx Health’s clinical pharmacists and client care executives to provide the highest level of pharmacy care, ensuring the health and well-being of members while substantially reducing prescription drug costs.   Clinically integrates proven technologies that support pharmacy claims adjudication, clinical reviews, and our proprietary population health engine. By empowering effective pharmacist/physician collaboration, the Clinically platform drives pharmacy care transparency, pricing clarity, flexibility, and innovation. Clinically exemplifies how EmpiRx Health is an essential "ally" in helping plan sponsors to holistically care for their members, improve members’ health, and strengthen benefits plan results. Is your PBM an “ally,” or does it act more often as an adversary? To learn more about the Clinically platform, check out our brand NEW Clinically website! www.clinically.co #Clinically #Platform #Healthcare

EmpiRx Health is pleased to have exhibited during the recent national conference of the Society of Human Resource Management. In our discussions with many HR/benefits executives attending the annual SHRM event,  it was clear that HR people are looking for a strong alternative to the legacy PBM companies to keep their employees healthy while also reducing prescription drug costs. Thanks to all who stopped by our booth to learn more about EmpiRx Health’s unique, clinically-driven PBM model that attacks the rising drug costs problem “at the pen” – when the physician write the prescription. Want to learn more about EmpiRx Health's clinically-driven PBM solutions that guarantee savings to plan sponsors? Contact us here. https://lnkd.in/eeiGZpxM #SHRM2024 #Conference #Healthcare

A key part of our AI-powered Clinically™ - Powered by EmpiRx Health™ platform is EmpiRx Health’s proprietary population health engine. This powerful technology solution enables our clinical pharmacists to analyze member care needs and identify opportunities for therapy and cost optimization. Here's an example of Clinically at work. EmpiRx Health’s Population Health Management engine identified the following issue: a member taking Trikafta for Cystic Fibrosis was also taking a medication that could heighten Trikafta's blood levels, potentially resulting in adverse effects. Our clinical pharmacist evaluated the situation, adjusted the Trikafta dosage, and collaborated with the prescribing physician to ensure the member’s safety. This change resulted in an annual savings of $155,231 for the plan sponsor and eliminated possible member health risks. This is just one example of EmpiRx Health's Clinically being an essential ‘ally’ in helping plan sponsors to holistically care for their members to improve their overall health and strengthen benefits plan results. Is your PBM an “ally?” Learn more about Clinically here. https://lnkd.in/exauunDi #Clinically #CaseStudy #PBM

Don’t forget! EmpiRx Health is exhibiting at SHRM’s Annual Conference & Expo in Chicago, IL today! If you're at the conference, it’s the last day to visit booth 668 to talk to our Vice Presidents Mathew Garcia and Chuck Frame. They can provide more details on how EmpiRx Health’s unique clinically-driven PBM model attacks the problem of rising drug costs “at the pen” – when the physician writes the prescription. Ask about arranging a demo of how clinically-driven, customer-first pharmacy care can transform your benefits program. See you soon! https://lnkd.in/eeiGZpxM #SHRM #Conference #Healthcare

This week EmpiRx Health is exhibiting at SHRM's Annual Conference & Expo in Chicago, IL through June 26th! If you're at the conference, don't forget to visit booth 668 to talk to our Vice Presidents Mathew Garcia and Chuck Frame. They can provide more details on how EmpiRx Health’s unique clinically-driven PBM model attacks the problem of rising drug costs “at the pen” – when the physician writes the prescription. Ask about arranging a demo of how clinically-driven, customer-first pharmacy care can transform your benefits program. See you in Chicago! https://lnkd.in/eeiGZpxM #SHRM2024 #Conference #ClinicallyDriven

This morning, The New York Times published a devastating exposé on the traditional PBM industry. The article shines a blazing spotlight on the traditional PBM practices that prioritize rebate-driven drug volume to maximize profits. Practices like these are hurting plan sponsors, members/patients, community pharmacies, and many other stakeholders.   Clearly illustrating why a clinically-driven, customer-first pharmacy care alternative is more vital than ever, below is how the NY Times described the self-dealing practices of the Big 3 PBMs:    “The job of the P.B.M.s is to reduce drug costs. Instead, they frequently do the opposite. They steer patients toward pricier drugs, charge steep markups on what would otherwise be inexpensive medicines and extract billions of dollars in hidden fees, a New York Times investigation found.”   Read the full article here. https://lnkd.in/eU6p-vFb   EmpiRx Health’s clinically-driven pharmacy care approach is by far the best alternative to the legacy PBMs, who prioritize their own profits at the expense of their customers. Want to learn more about why plan sponsors and their advisors and consultants are increasingly choosing EmpiRx Health for their pharmacy benefits care? Contact us today! https://lnkd.in/eeiGZpxM #PBM #Healthcare #NewYorkTimes

EmpiRx Health looks forward to exhibiting at SHRM's Annual Conference & Expo in Chicago, IL June 23rd - 26th. EmpiRx Health’s unique clinically-driven PBM model attacks the rising drug costs problem “at the pen” – when the physician writes the prescription. Visit booth 668 to learn more from our Vice Presidents Mathew Garcia and Chuck Frame! Contact us to arrange a demo of how clinically-driven, customer-first pharmacy care can transform your benefits program. https://lnkd.in/eeiGZpxM #SHRM #Conference #Healthcare