Cost-Effective Solution Reduces Business Expenses and Expands Pharmacy Benefits Reach within Organizations
HILLSIDE, Ill., June 8, 2023 /PRNewswire-PRWeb/ -- UnitedXCel-Rx, the Midwest's largest full-service, independent care pharmacy, introduces the Medication Access Program (MAP), a groundbreaking initiative aimed at helping self-insured employers optimize their employee health benefits. The program offers a cost-effective solution that reduces business expenses while expanding the reach of pharmacy benefits within organizations.
"We're excited to promote our MAP program and stay ahead of the competition, including Mark Cuban, who is advocating a similar approach in the retail space," said Chuck Benain, CEO of UnitedXCel-Rx. "Our cost-plus model, which is aligned with Cuban's cost-plus concept, has been our primary focus for years."
Self-insured employers often take additional risks to potentially save money on employee health benefits. The presence of Pharmacy Benefit Managers (PBMs) in the market, however, adds to the overall cost of healthcare. By employing an average wholesale price (AWP) spread pricing strategy, PBMs artificially inflate prices by over 400% or more, negatively impacting employer costs.
UnitedXCel-Rx addresses this issue through its acquisition cost plus model, effectively eliminating the spread and evening out the risk and expense. The company differentiates itself by offering cost-plus pricing and ensuring that customers receive the full manufacturer rebate, leveraging manufacturer financial assistance programs, drug formulary programs, and copay assistance programs to reduce plan and employee costs. Additionally, UnitedXCel-Rx emphasizes the importance of hometown pharmacy customer service, a key aspect often overshadowed by large PBMs.
"We have already saved several companies millions of dollars in their healthcare costs while fostering strong bonds with their employees and addressing their medication needs," added Benain.
Through the MAP program, UnitedXCel-Rx aims to provide self-insured companies with substantial savings, reduced copay costs for employees, and enhanced customer service. By partnering with UnitedXCel-Rx, businesses can offer a more personalized and efficient pharmacy experience to their employees, avoiding long waits and ensuring they are treated as individuals, not just numbers.
For more information about the Medication Access Program (MAP) and UnitedXCel-Rx's pharmacy services, please visit https://www.unitedxcelrx.com/map-program.
Holly Morgan, Holly Morgan Media, 1 4808886074, [email protected]