Total plan costs were a negative -13.0% from the previous year.
Eighty Four, PA (Vocus/PRWEB) March 08, 2011
ARMSRx, Pharmacy Benefit Consulting the nation’s leading Pharmacy Benefit consulting firm, has consistently provided successful recommendations for their clients. On February 16th, ARMSRx Pharmacy Benefit Consulting presented results to one of their premier clients, 84 Lumber. It was recommended and modeled by ARMSRx last year, what potential savings opportunities were made available by making some simple changes. The results speak for themselves. “84 Lumber experienced a 0.1% trend with a generic change increase of 8.7% from the previous year resulting in close to half a million in annual savings alone,” sites Jennifer Kingsley Wilson, CEO of ARMSRx.
“That is impressive,” comments Stephanie Cormier, VP of Account Management at ARMSRx, who supports 84 Lumber, and concludes through additional analysis “that with the employees getting used to the idea of filling generics, the potential savings could be an additional $350,000.”
Total plan costs were a negative -13.0% from the previous year with an increase of Home Delivery use of 83.4%. Jeweleen Hartzfeld of 84 Lumber notes that “we were cautious making changes; ARMSRx helped us ensure our employees experienced ease of the Rx benefit transition. We have been told our benefits are rich and our employees are fortunate, most plans require a much greater cost share from the employees. With creative strategies introduced by ARMSRx, we’ve worked collaboratively; we’ve made some great strides and we are pleased to say the least.”
About 84 Lumber
84 Lumber Company is the nation’s leading privately held building materials and services supplier to professional contractors. The company encompasses 281 locations nationwide and 3,700 associates who provide one-on-one service to every customer, ensuring an efficient and satisfying purchasing experience.
About ARMSRx Pharmacy Benefit Consulting
ARMSRx is a pharmacy benefit consulting firm (not a pharmacy benefit manager) that specializes in saving payors money on their pharmacy expenditures. Most prescription benefit programs are based on financial arrangements that are complex, hidden and highly profitable to the Pharmacy Benefit Managers (PBMs). Our client's Association program has saved employers on the Rx costs 100% of the time. Our vested interest is the payors and our mission is to align the PBM's business objectives with the payors benefit goals. ARMSRx delivers intellectual capital.
# # #