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Cut Rx Spending with mHealth

Cut Rx Spending with mHealth

Prescription drug spending in the U.S. is reaching record highs and according to a Los Angeles Times report, $374 billion was spent in 2014. As more and more name-brand drugs hit the market, costs increase and pharmacy benefits managers are tasked with even more work to manage. While the driving cost of drugs can be attributed to a variety of factors, medication adherence – or a lack thereof – is a major reason.

PBMs and healthplan providers can ultimately provide better services to their users who are looking to spend less on prescriptions by adapting to modern, digital communication. Mobile Health, or mHealth, can not only reduce prescription spending, Medicare and Medicaid costs, but it can also improve customer relationships. Here are a few ways in which this is accomplished:

In order to help reduce prescription spending in the U.S., pharmacy benefits managers need to examine their own methods to better supply cost effective options. While admittedly daunting, this can be accomplished with help from mHealth advancements. To find out more about drug spending portals and apps, contact RxEOB today.