Cary, N.C. (PRWEB) May 06, 2013
Paramount Rx, a full-service prescription benefits manager (PBM) focused on consumer-driven health care, today announced sponsorship at the National Council for Prescription Drug Programs’ (NCPDP) Annual Technology & Business Conference to showcase the benefits of innovative prescription drug discount programs for the 84 million uninsured or under-insured Americans, almost half of the working-age adults in the United States.
Discount prescription drug programs benefit not only consumers and pharmacies but also businesses and their surrounding communities. The conference will be held May 5-9 at the Arizona Biltmore Resort & Spa in Phoenix.
“The NCPDP conference provides an opportunity for the industry to address the delivery of pharmacy services to improve patient safety and access to health care,” said Paramount Rx President Philip Escaldi. “Although current health care practices have made it cost prohibitive for nearly 84 million people without insurance and prescription benefits to receive the treatment they need, discount pharmacy plans are actively addressing this issue to help promote wellness and equal access to affordable health care.”
Paramount Rx, based in Cary, N.C., has developed a consumer-driven discount prescription card program to help solve the challenges of uninsured and under-insured consumers, including more than almost half of the American workforce who do not have benefits and the approximately 80 million adults who don’t seek medical help or prescription drugs because of the cost, according to a recent report by the Commonwealth Fund and reported by Bloomberg.
Drug prescription discount programs are provided at no cost to consumers to receive a discount card which enables access to affordable prescription drugs for their families and pets. Card holders and family members simply present the discount card to the pharmacist each time they fill a prescription. Average savings are approximately 36 percent off retail prices. There are no deductibles or maximum benefit levels and no exclusions for pre-existing health conditions. All FDA-approved prescription drugs are included and online tools help consumers find the best prices and pharmacy locations across the nation. The card is accepted at more than 54,000 pharmacies, including all major U.S. chains.
Some organizations currently benefitting from a relationship with Paramount Rx include state and local governments, non-profit organizations, financial institutions and industry trade organizations.
IBC Bank, one of the largest banks in Texas serving more than 85 communities has also established a pharmacy discount program with Paramount Rx. Through the discount program, thousands of bank customers and their families have saved nearly $1 million off the retail price of their prescriptions.
“We’ve received very positive responses from customers about the money they are saving,” said Dale Randol, IBC Insurance Agency executive vice president and chief operating officer. “We had more than a hundred calls during the first month of the program from customers who said they appreciate what we’re doing. Businesses are also interested in participating in the program for their employees.”
The City of Santa Ana, Calif., which has a population of approximately 33 percent uninsured or under-insured residents, has also launched a free discount prescription program to address the health care needs of its residents and is using revenue generated by the program to make community health and fitness programs more affordable and accessible.
“This program is our way of helping those in our community affected by escalating medical costs. It is also helping stimulate community programs and promote the value of a healthy lifestyle,” said Santa Ana Community Services Supervisor Jeannie G. Jurado.
The prescription discount plans cover both human and pet medications, many of which have human medication equivalents. In March 2013, The ASPCA® (The American Society for the Prevention of Cruelty to Animals®) partnered with Paramount Rx to offer the Save a Pet Rx and Help a Pet Rx prescription card programs. The programs provide special offers on prescription medications for families and pets at no cost to the customer. With each use of the cards through June 2014, $1.25 will be donated to the ASPCA to support their work helping animals in need across the country.
Additionally, Lunds and Byerly’s, a Minnesota-based, family-owned grocer, is providing a Pet Savings Program through the Paramount Rx network for discount pet medications at its 14 in-store pharmacies, driving higher store traffic and providing a one-stop solution for customers to save money while keeping their pets healthy.
“The program offers our customers a new standard in cost savings and convenience, and allows us to provide a one-stop solution for meeting the medication needs of all members of the family,” said Jodi Ristau, senior manager of pharmacy operations for Lunds and Byerly's Pharmacies.
Paramount Rx provides a turnkey wholesale solution for clients to private-label, multiple consumer-driven health care plans. The company provides its clients with a customized, private label website for their employees, members or customers and a full suite of tools including a pharmacy locator, detailed drug information and pricing with generic alternatives, mail order pricing and enrollment forms, and pre-activated membership card fulfillment.
About Paramount Rx
Paramount Rx is a full-service prescription benefits manager (PBM) focused on consumer-driven health care to help clients provide services for consumers to save money on prescription drugs. The company has tailored programs to help their customers and consumers achieve significant savings with discount prescriptions through a national network of over 54,000 participating pharmacies. For more information, please visit http://www.paramountrx.com.