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Case Study: Results You Can Measure
Client Profile
Industry: Medical Lab Equipment
Employees: 155
Locations: Headquartered in Torrance, CA with Sales Force throughout US
Ownership: Privately Held
Founded: 1983
Challenge
� A combination of industry competition and cultural factors made rich employee benefits essential to this self-funded client.
� Like all employers, the organization faced the challenge of balancing ever growing health insurance costs with the
costs of benefits offered to employees.
� As a self funded employer, the client was engaged in ongoing efforts to identify efficiencies and cost improvement
with minimal impact to employee benefits — a mission of paramount importance for their organization.
� The most common strategies for managing health care cost increases via plan design changes and employee
contribution increases were not feasible in this case.
Solution
� Determining that a strategic change in vendors could reduce pharmacy benefits costs, the client’s PBM was
marketed with several vendors, including 360 Rx Solutions’ PBM.
� The client’s PBM at that time was CVS. 360 Rx Solution’s preferred pricing (leveraging 800,000 members) with
CVS and OptumRx allowed 360 Rx Solutions to project savings of 31% of the client’s current pharmacy
benefits costs while staying with CVS.
� 360 Rx Solutions’ proactive cultivation of transparency gave the client the ability to fully see and understand all PBM costs.
Results
� Greater transparency gave the client significantly more understanding and control over their pharmacy benefits costs.
� The client realized a projected $119K in savings on their pharmacy benefits costs, a significant cost savings on
prescription drug spend in their health plans.
� Included in the projected $119K decrease was a rebate increase of almost $64K .
� Because the client was able to continue using CVS with no change in copays, the employee transition was virtually seamless.
� The switch to 360 Rx Solutions included a partnership with OneRx, an app providing employee education and Pharmacy benefit planning
tools to find the most beneficial and cost-effective prescription drugs available to them.
has finally come full circle.
TRANSPARENT PERFORMANCE. PROVEN RESULTS.
inquiries@360RxSolutions.com • 855 357 7188
www.360RxSolutions.com
