Employer Pharmacy Solutions (EPS) proposes a very real shift in self-insured pharmacy benefit thinking that will produce tangible savings. EPS offers key differentiators from the PBMs in the market today:
1. Members enjoy the convenience of receiving mail order prescriptions in just 2-3 business days from our local, overnight pharmacy, resulting in increased mail utilization. This saves employers money by reducing retail prescriptions.
2. The savings generated by increased mail utilization are compounded by our Acquisition Cost Based Pricing for mail prescriptions, especially on generic medications. We pass through the true ingredient cost, direct from wholesalers and manufacturers. We only add a fixed dispensing fee to our ingredient cost that not only produces savings when compared to traditional pricing models, but is clean, clear and auditable.
3. We pass through actual retail pharmacy charges without any mark-up from our national network of over 60,000 stores, producing savings over traditional pricing that often adds margin for the PBM.
4. We also pass 100% of rebates on to our clients, providing employers the full financial benefit of rebates. Perhaps even more importantly, this removes any conflict of interest in steering utilization toward more costly medications that pay ample rebates, but actually may increase net costs.
Learn more about us at www.EmployerPharmacy.com
