August 3, 2022

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Precedence Health Outperforms Business Benchmarks for Pharmacy Costs, Extends Partnership With Express Scripts

GRAND RAPIDS, Mich.–(Enterprise WIRE)–Priority Wellness, a nationally acknowledged nonprofit health system, declared currently that it outperformed regional, national and coalition benchmarks for pharmacy prices by up to 30% in 2020*. The business is also extending its partnership with Convey Scripts, 1 of the major pharmacy advantage administrators (PBM) in the country by 2025.

Year-around-year, Precedence Overall health proceeds to display the least expensive charge developments when as opposed to coalitions, regional and national overall health plans. The group also posted a lessen in their pharmacy expenses from 2019 to 2020 of 2.9%*, delivering discounts for Michigan companies and persons hunting to handle growing pharmacy fees.

“Together, Priority Overall health and Express Scripts deliver price tag-productive pharmacy rewards that our associates require, offering them peace of intellect about their coverage,” mentioned Christina Barrington, Vice President of Pharmacy Plans at Precedence Overall health. “Our partnership with Express Scripts is distinctive because thanks to their dimension and scale they can negotiate competitive pricing, a nationwide retail pharmacy community and specialty drug rewards, but then we take it a step further by using a tailored formulary and utilization management tactic to provide supplemental cost savings and superior healthcare outcomes for employers and our associates.”

With overall health treatment good quality and price tag on everyone’s brain, an built-in clinical and pharmacy reward features companies and members the chance to keep more healthy, acquire far better treatment and get far more benefit from their commit. That is why Priority Well being lately executed a industry verify to see if the Categorical Scripts partnership was even now the ideal PBM partnership to realize its goal of combating the climbing health-related prescription cost craze. By this method, it was decided that the partnership is nevertheless incredibly profitable and competitive, enabling Precedence Overall health to go on their focus on providing sustainable price savings for Michigan residents and employers. The firm will go on to examine the success of this romantic relationship on a yearly basis to assure it is providing for Michigan.

Precedence Health and fitness qualified prospects the market with a enthusiasm for price tag transparency for both equally members and prescribers. That is why it features its users the Cost Estimator instrument, which allows them to search the identify of their prescription to see the price tag as well as other expense-productive solutions this sort of as generic and biosimilars. Precedence Overall health provides a equivalent tool for prescribers to aid teach on the cost implications of sure therapies and will work to change prescribing tendencies.

*Resource: 2020 ESI Drug Development Benchmark Report, based off Priority Well being ASO 2020 PMPM effectiveness.

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About Precedence Wellbeing:

With in excess of 30 a long time in business enterprise, Precedence Overall health is the 2nd most significant health strategy in Michigan, presenting a broad portfolio of health positive aspects possibilities for employer groups and men and women, which includes Medicare and Medicaid strategies. Serving much more than a million customers each and every 12 months and offering a broad community of key treatment physicians in Michigan, Priority Overall health carries on to be acknowledged as a leader for good quality, purchaser assistance, transparency and item innovation. Understand more about affordable, top quality wellness protection choices from Priority Well being.