Owings Mills, Maryland (PressExposure) February 12, 2015 -- According to the American College of Preventive Medicine, 20% of people never fill their scripts, and 60% choose not to refill. Medication non-adherence accounts for $300 billion per year of avoidable healthcare spend in the United States.
The rate of RX non-adherence is expected to increase as medication costs increase. Thus, the largest cost-control challenge employers will face in 2015 is the rising cost of medications.
Stacey Gentile, Insurance Consultant and Agency Manager of Becker Benefit Group in Owings Mills, MD is helping her clients by providing a $0 RX copay solution. Ms. Gentile has partnered with a new firm, ScriptSourcing, which provides concierge prescription advocacy services for people who take expensive medications. Ms. Gentile commented "ScriptSourcing not only saves our client's money ... we believe employees will be healthier, more productive, and hopefully give our clients will have a competitive advantage in the marketplace. In addition to sourcing prescriptions at a $0 copay, employers are spending 50% less when ScriptSourcing sources prescriptions."
Previously operating exclusively in the individual marketplace, ScriptSourcing's prescription advocate experts have helped tens of thousands of people. ScriptSourcing is currently expanding, making such prescription advocacy services available to self-funded employers. ScriptSourcing does not replace an employer's Prescription Benefit Manager (PBM) - it's simply a voluntary, value-added service.
"There are billions of dollars available to assist people with their expensive prescriptions," Stephanie Carroll, ScriptSourcing Director of Marketing noted. "ScriptSourcing and their prescription advocates specialize in sourcing these drugs to offset the high cost of prescriptions. Every person has a different circumstance. ScriptSourcing has the expertise to navigate, and remedy, these circumstances. Employers love the individual attention."
Ms. Gentile agrees. "We just wrapped up open enrollment meetings at a local college. These employees do not get paid a lot, but they do receive a very rich medical plan. I was shocked that so many employees commented to me how grateful they were to have a $0 RX copay solution because they had been pill skipping or not taking medicines due to the high costs. Many of these employees were teachers and I was really surprised to hear firsthand about their non-adherence."
Brokers find the product easy to implement. "We pride ourselves in being a broker-friendly organization," says Gary Becker, CEO of ScriptSourcing. "We work collaboratively with an employer's HR team, the benefit consultant, and the eligible employees. We're really pleased to be able to help employees with their prescription needs and save employers quite a bit of money. The whole thing's a win-win."