New ApexRx solution to help employers save up to 30% on pharmacy benefits
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(Indianapolis, Indiana – May 16, 2018) – Apex Benefits recently expanded its range of employee benefits offerings, providing client access to ApexRx, a new solution to help employers reduce the cost of pharmacy benefits. Apex Benefits is providing clients with access to ApexRx beginning today.
With pharmacy costs approaching 20% of total healthcare costs and rising steadily each year, Apex Benefits recognizes the need to disrupt market trends for its clients.
ApexRx helps uncover, and even eliminate, many of the hidden revenues often retained by pharmacy benefit managers (PBMs) under traditional arrangements. Most ApexRx clients will achieve 10%-30% first year savings over the current cost of their pharmacy benefit1.
Apex Benefits is the first and only benefits consultant in Indiana to invest in a team of Certified Pharmacy Benefits Specialists (CPBSTM). Employers may request a complimentary ApexRx PBM contract assessment and health score. The ApexRx CPBS team uses enhanced negotiation, sourcing and contracting to secure and implement a stronger and transparent PBM agreement. ApexRx offers a range of customized monitoring and market check features to ensure employers receive what they paid for.
“ApexRx is an essential service for any employer struggling with rising drug costs. ApexRx ensures employers pay a fair price for PBM services and the lowest possible price for medications,” John Gause, President and CEO of Apex Benefits said.
Employers interested in reducing pharmacy benefit costs in a sustainable manner and gaining greater transparency in their PBM relationship may contact the ApexRx team at ApexRx@apexbg.com.
1Percentage depends upon a client’s current contract and benefit design, covered population, medication mix and current market pricing.