Benri Health founder and CEO, Dave Sosnow, knows the challenges pharmacies and their patients face in our current healthcare system. He’s worked in the industry for the past 2 decades and has seen firsthand that “Payment for prescription drugs is broken, driving community pharmacy closures that jeopardize access to care, particularly in underserved communities. For most prescription drug fills, insurers and pbms add an unnecessary layer of cost and administration. We intend to catalyze a transformation with streamlined transparent payments based on patient value and consumer choice. Together with our pharmacy partners we’re making healthcare more accessible, convenient and affordable within a model that deepens local community relationships and generates sustainable recurring revenue for independent pharmacies.” Benri Health is proud to partner with pharmacies around the country who are looking to transform pharmacy success and outcomes through patient-centric care. Learn more at https://lnkd.in/gE3yEKEn #benrihealth #pharmacy #independentpharmacy #pharmacyowners
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The 340B Drug Pricing Program now costs over $43 billion each year, and it’s tangled in complexity. Here’s the problem: ? ???????????????????? ??????????. Launched in 1992 to support safety-net providers, 340B was meant to make medicine affordable for vulnerable communities. But at $43 billion annually, the program has far outgrown its original mission, with limited oversight and ample opportunity for abuse. ? ???????????????????? ?????????????? ????????. Hospitals, clinics, and pharmacies struggle under the program’s administrative burdens. Each added layer increases costs, draining resources that could go directly to patient care. ? ???????????????? ??????’?? ???????????? ??????????????. While 340B should lower drug costs for patients, a lack of transparency keeps those savings from reaching many who need them most. Isn’t it time to explore a simpler, more direct way of serving those in need? A streamlined approach could reduce costs and inefficiencies and deliver real patient savings. It’s worth asking: how long will we keep funding complexity over care? #340BProgram #HealthcareReform #PatientCare #DrugPricing #HealthcareCosts #TransparencyInHealthcare #SimplifyHealthcare #HealthEquity #PharmaIndustry #HealthcareEfficiency #PatientAdvocacy #PublicHealth #CostOfCare
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As the battle rages on between legislators in power (collectively the government) and the pharmacy benefits industry ---providers (pharmacies, medical) and patients are caught in the cross fire. Has the vertical consolidation made the largest institutions too big too fail and too big to regulate? Will things have to get worse for anything to significantly change? How much more money will be wasted in the Medical-Industrial complex without improving access, affordability, and quality of care?
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U.S. Department of Health and Human Services (HHS) Office of the Inspector General have begun investigations into how #PBM vertical integration has impacted drug costs in Medicare Part D. According to an analysis by 46Brooklyn Research, a nonprofit drug-pricing analytics group, PBM drug prices on a selection of specialty drugs were at least 24 times higher than what manufacturers were charging. Congress must pass meaningful #PBMreforms to protect patients from overspending at the pharmacy counter. #drugpricing #healthcarepolicy https://lnkd.in/dzAv2SfE ? ?
U.S. Probes High Generic Drug Prices
wsj.com
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My team recently had the pleasure of sitting down with Mark Cuban. Listen as they speak on the importance of Independent Pharmacies and re-localizing healthcare. Let me know what you think! More to come from this interview. #healthcare #empowering #transparency #PBM #IndependentPharmacy
RxPreferred is thrilled to share Part 1 of our Spotlight Conversation about Pharmacy Benefits featuring Mark Cuban & Alex Oshmyansky, MD, PhD, of Mark Cuban Cost Plus Drug Company, PBC Learn how Independent Pharmacies are essential in prioritizing patient care, enhancing medication access, and re-localizing healthcare. Join us in the movement towards a more transparent and affordable healthcare system. Empowering patients, employers, and communities! Check out the full first video here: https://lnkd.in/etyNm2Z9 #healthcare #healthcarerevolution #transparency #pbm
Spotlight Conversation: Independent Pharmacy with Mark Cuban Cost Plus Drug Company & RxPreferred
https://www.youtube.com/
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The 12/26 Healthcare Labyrinth Blog is live. Click below to read. A new analysis shows that the first round of Medicare drug negotiations lowered the first ten drugs below other U.S. programs' costs, but prices remain considerably above other developed nations' negotiated rates. #healthcare #healthcarereform #healthinsurance The Healthcare Labyrinth Marc S. Ryan ???? https://lnkd.in/eetH-iZ8
The Two Sides Of Drug Prices After Negotiations - The Healthcare Labyrinth
https://www.healthcarelabyrinth.com
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Amid an unsettling surge in medication shortages, the healthcare system faces a critical test of resilience. The ASHP's report reveals a record-high of 323 drugs in shortage, impacting patient care nationwide. Now more than ever, collaborative solutions are imperative. Explore how our Trade and Contracting solutions, backed by Channel Insights and Claritas Rx reports, empower proactive responses to this pressing crisis. #HealthcareCrisis #MedicationShortages https://hubs.li/Q02vP5WM0
The U.S. Battles Against Unprecedented Drug Shortages
https://www.claritasrx.com
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?? Understanding Pharmacy Benefit Managers (PBMs) ?? Ever wondered how Pharmacy Benefit Managers (PBMs) operate and their impact on the healthcare system? ???? PBMs play a crucial role in managing prescription drug benefits for health plans, but their operations can often be complex and opaque. Key Functions of PBMs: ??Negotiating Drug Prices: PBMs negotiate with drug manufacturers to secure discounts and rebates. ?? ??Formulary Management: They determine which drugs are covered by health plans, influencing patient access to medications. ?? ??Pharmacy Networks: PBMs establish networks of pharmacies where patients can fill their prescriptions. ?? While PBMs aim to control costs and improve access, their practices have raised questions about transparency and the true impact on drug prices. ???? Natalya Mill dives deeper in an article in the latest Health Watch edition. The link is in the comments. #Healthcare #PBMs #PharmacyBenefits #HealthPolicy #PatientCare
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Pharmacy benefit managers (“PBMs”) coordinate patient prescription utilization, process claims, and negotiate plan savings from other actors in the healthcare supply chain, tying discounts to utilization and creating economic value and expand access in the prescription-drug market. In this piece, author Casey B. Mulligan (University of Chicago) shows how proposed regulations could raise costs for consumers, plan sponsors, and the broader healthcare system as providers attempt to scale back this competition through regulation... #antitrust #competitionlaw #pharmacy #healthcare #patients #costs #prescriptiondrugs
The Economics of Benefit Management in Prescription-Drug Markets | PYMNTS.com
https://www.pymnts.com
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Reducing the cost of drugs is important, to be sure, but the most expensive drug is the one that doesn't work. At DecisionRx, Inc., we make sure individuals take the right drugs for them, eliminating the 16% of wasted health care costs directly caused by medication failure. When we know better, we must do better—now is the time. #medicationmanagement #precisionmedicine #valuebasedcare
Pharmacy benefit managers were once the solution to the high cost of drugs. Today, they are a contributing factor to that issue. The Los Angeles Times highlights a system that has driven up healthcare costs, making necessary medications less accessible. At DecisionRx, we are committed to lowering healthcare costs through our Medication Therapy Optimization platform. We want to get your medication therapy right from the start through our DNA testing and avoid the unnecessary costs of trial and error prescribing. Learn more here: https://lnkd.in/esMxNPRE #HealthcareCosts #MedicationTherapyOptimization
Column: Pharmacy middlemen claim to keep prescription prices low. In fact, they've cost consumers billions
latimes.com
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