Under a Medicare rule, companies with prescription drug plans for seniors must offer real-time pricing information by Jan. 1, 2021. Real Time Benefit Check seeks to aid Prime’s Medicare Part D sponsors in meeting this requirement and goes a step further by applying it to commercial members.
“Prime is an important addition to the RxRevu solution, which includes the most comprehensive and accurate Real-Time Prescription Benefit network available,” said Kyle Kiser, President and Chief Strategy Officer at RxRevu. Kiser added, “We are collaborating with the Prime team to deliver our intelligent alternatives solution to ensure prescribers have the most relevant information at their fingertips. This allows for a seamless prescribing experience for the clinician and patient, limiting unnecessary administrative burden and ordering steps.”
RxRevu specializes in providing prescription price transparency to hospitals, health systems, and clinics across the country. With connections to the largest PBMs nationwide, RxRevu has the most comprehensive and accurate real-time benefit network, providing patient-specific cost and coverage information for millions of people. Since RxRevu has direct connections to PBM data sources, the information displayed at the point-of-care is both accurate and specific, allowing for reduced errors and coverage gaps in the EHR, and an improved prescribing experience. RxRevu’s primary focus is bringing unique value to patients, providers, and health systems through innovations in product functionality and support.
Select Prime Medicare and Commercial clients will implement Real Time Benefit Check this year. Prime will continue to enrich the offering and roll it out to additional Blue Plans in 2021. The collaboration with RxRevu is Prime’s latest endeavor aimed at streamlining medication prescribing and improving transparency of health care costs.
1. 2019 KFF Health Tracking Poll. Kaiser Family Foundation. Accessed July 6, 2020.
About Prime Therapeutics
Prime Therapeutics LLC (Prime) makes health care work better by helping people get the medicine they need to feel better and live well. Prime provides total drug management solutions for health plans, employers, and government programs including Medicare and Medicaid. The company processes claims and offers clinical services for people with complex medical conditions. Prime serves more than 30 million people. It is collectively owned by 18 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those plans. For more information visit www.primetherapeutics.com or follow @Prime_PBM on Twitter.
RxRevu is a Denver-based company on a mission to improve healthcare through more informed, consistent, and frictionless prescription decisions. RxRevu’s Prescription Decision Support technology promotes condition-appropriate prescribing and patient cost transparency to improve overall safety and satisfaction. The SwiftRx® platform helps clinicians quickly and easily find affordable alternatives to more costly medications specific to a patient’s health needs and out of pocket cost. It also enables health systems to manage and measure clinicians prescribing performance. For more information about RxRevu, its solutions and innovative advancements, visit rxrevu.com.