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 fully-insured logistics provider had no control over spending or provider contracts. They also had no ability to impact their plan other than reducing benefits.
Solution:
This logistics provider was moved to partial self-funding with a TPA and PPO network, and implemented parts of VeracityRx’s pharmacy program in the first year with a specialty program in the second year.
Results:
As a result, the logistics provider saw:
No rate increases for 3 years
$1M surplus on their claims account
Pharmacy costs dropped from $166 PMPM to $68 PMPM
"Veracity Benefits is transparent. They have a unique product and they partner with and educate the plan from the beginning on how to save the most while ensuring a smooth transition."
