The program, available to most BCBSNC members, identifies lower-cost but equally effective drug options through examining claims data. Members receive emails or text messages when potential drug savings are identified for them. Members are also notified if it would be cheaper to fill their prescription at a different pharmacy.
With the help of their physician, members can switch to a generic substitute, therapeutic equivalent or different dosage to partake in savings. BCBSNC said members will see $153 in savings per fill on average.
More articles on payers:
Insurers could save $4B by switching where patients take specialty drugs, UnitedHealth says
10 states with the highest uninsured rates
UnitedHealth’s revenues could reach $275B in three years, analysts say
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.