Most people believe that prescription drug prices are relatively uniform among pharmacies, but nothing could be further from the truth. Prices for the same drug can vary by a multiple of sixteen or more at pharmacies on the same street. A study by Express Scripts, the largest Pharmacy Benefit Manager in the country, found nearly $95 billion could have been saved if consumers had price shopped pharmacies and $55 billion was unnecessarily spent on name brand medications when a similar generic was available. Additionally, 44% percent of self-insured employers are moving toward high deductible insurance plans, making price transparency tools necessary to manage out-of-pocket costs.
WeRx Enterprise uses historical employee data and PBM information to personalize communications to every employee, making suggestions on ways to reduce costs. We have built a proprietary 8 ways to save API for every drug, including pharmacy price information and alternate treatment options.
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