Compass Professional Health Services Selects RxREVU to Power Medication Reviews For Employees
November 23, 2015
DENVER, Nov. 20, 2015 /PRNewswire-iReach/ — Compass Professional Health Services, the champion for simpler and smarter healthcare, today announced it will be implementing SwiftRx to help employees save money on their medications. SwiftRx is a decision support tool from RxREVU that helps physicians find the best medications for their patients, at a price they can afford.
“Spending on prescription drugs has increased by 13 percent in the past year, with medications for asthma, high blood pressure and diabetes leading the way,” said Compass CEO Scott Schoenvogel. “At Compass, we have always believed the best healthcare consumer is an informed consumer. By adding SwiftRx to our rigorous data analytics technology, we will be able to provide our members with up-to-date medication and pricing information so that they can make informed healthcare decisions.”
SwiftRx helps payers review member-specific prices and outlines how employees can save on prescriptions medications. Skyrocketing drug prices that are typically not known until a patient arrives at the pharmacy have driven demand for alternatives. SwiftRx uses 12 different cost-optimization strategies, including switching to an alternative medication that is lower in cost and potentially equivalent in quality, changing to a more cost effective pharmacy, and using manufacturers coupons to achieve a lower out-of-pocket cost. The SwiftRx database covers all U.S. brand, generic, and specialty medications, and is actively updated by RxREVUs clinical team as new drugs are released to market.
Compass will begin using SwiftRx in January 2016. Its Health Pro consultants, will use SwiftRx to help members find a lower cost options for medications, which members can then review with their doctors.
“Compass combines the right balance of technology with personal consultants to drive member engagement, improving care and lowering costs. Our software will help Compass lower costs even further, making it a win-win for everyone,” said Carm Huntress, CEO of RxREVU. “We are excited about our partnership driving more patient-physician conversations around expensive medications. We have seen that when patients better understand the benefits of new therapy regimens and actual out-of-pocket costs, adherence goes up.”
About Compass Professional Health Services
Compass Professional Health Services is the champion for simpler, smarter healthcare. At a time when companies are shifting more costs to employees through higher deductible health plans, Compass Health Activation Platform brings together the right balance of technology and personal support to engage employees in their own health. The Compass platform offers price transparency, prevention and care pathways to create sustainable healthcare savings for companies and empower employees to take responsibility for their health. Established in 2005, Compass healthcare solutions are used by more than 2,000 companies and 2 million members, nationwide. To learn more, visit compassphs.com.
Denver-based RxREVU, Inc. helps employers, payers, and providers lower drugs costs with an innovative Prescription Intelligence platform. The platform provides users with cost and quality options for nearly any drug on the market today. In addition, their prescription decision support tool for physicians leverages predictive analytics to help select the most effective drug along the basis of age, gender, and ethnicity, among other factors. Their Prescription Intelligence platform is available to healthcare applications, such as insurance portals, provider tools and consumer mobile applications. Visit www.RxREVU.com to learn more.