Payer & Employer Solutions: Integrated Analytic and Workflow Tools that Improve Quality and Outcomes
Pharmacy Management Download PDF
MedVentive's pharmacy management solution identifies specific members with opportunities for improvement in their prescription regimens. With access to data from the entire health care continuum, MedVentive creates a complete drug registry for each patient, and automatically generates requests to physicians to change patients to more cost effective or generic drugs.
Physicians can provide feedback to the system eliminating inappropriate reminders which improves the system's credibility. Our clients have consistently reported pharmacy inflation rates five percentage points below the average for their regions, and annual hard dollar savings of $2.25 - $4.80 PMPM from pharmacy intervention, including dose optimization, generic substitution and formulary compliance. Our clients have achieved formulary compliance rates of 97%.
Key features:
- MedVentive's web-based interface manages all the outreach communication workflow with your members. Send customized alerts and letters, and enter feedback directly into the system
- Continuously updated Pharmacy Dashboard reports track trends over time, identify outliers, and keep your finger on the pulse of your pharmacy program
- MedVentive's extensive and fully-transparent formulary can be deployed in your organization immediately - or we can support all of your customized formulary rules and policies
MedVentive's pharmacy management solution reduces pharmacy costs. Period.
