Bringing the Power of AI to Prescription Drug Savings
The VeracityRx App delivers the unique capability to alert individuals to medication savings using real-time, personalized data and insights, coupled with geo-location features.
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A member required 3 types of brand-name drugs needed to treat Type II Diabetes and blood clots. Due to the high U.S. retail price of brand-name drugs, the employer’s estimated annual cost was supposed to be $22,200.
Solution:
VeracityRx’s Pharmacist Concierge Service who works as the patient’s advocate was able to acquire the brand-name drugs internationally at half the cost. This resulted in a total savings of $11,100 annually for the employer and $0 cost for the member.
Results:
As a result, the member:
Was treated for Type II Diabetes, Blood Clots
Annual cost to member: $0
As a result, the employer:
Received 50% savings
Cost to employer: $11,100 vs $22,200
"VeracityRx gets more patients approved for assistance, saves more money for the employer and is more responsive than the other companies that do patient assistance programs."
- HR Lead
$0
Cost to Employer and/or Member
100%
Savings on Prescription
$492,000
Specialty Drug Annual Savings
Member
Challenge:
Due to the tier level of the specialty drug, the member’s estimated monthly cost was supposed to be $41,000.
Solution:
VeracityRx’s Pharmacist Concierge Service who works as the patient’s advocate was able to acquire the specialty drug for one year at no cost. This resulted in a total savings of $492,000 annually.
Results:
As a result, the member:
Was treated for the condition
Cost to the employer and/or member: $0
$492,000 saved
"VeracityRx worked with us every step of the way to take care of our employees on Specialty Medications. The transition has been smooth."
