Achieve lower costs by reducing your name brand utilization without sacrificing care and offset the high cost of name brand drugs through our pharmacy rebate program. Touching every part of the value chain to provide insights for improvement.
Our business model sets your experience apart from the competition.
PRE offers pre-adjudication services, file management, SFTP integration and real-time reporting. Starting with claim ingestion, submission responses and rebate payment, PRE gives you full insight to your pharmacy spend and rebate optimization.
Overall care costs surged for long term care providers. Pharmacy services play a vital role, constituting 12.1% of total patient expenses in 2022. Prescription drug costs spiked by 31.6% between 2021 and 2022, with projections of ongoing increase.
Source: HHS, September 2022
Challenge
Long term care providers need an advocate that helps them to effectively understand these costs and the various components that impact their pharmacy spend; which, in turn, will enable them to provide the level of patient care and excellence they strive for.
Solution
Long term care providers and service providers (e.g. pharmacies), will need to work together to limit excessive spend through:
Increased use of generic drugs
Effective therapeutic interchange programs at pharmacy
Bill review and pricing transparency
A rebate solution that maximizes the offset of non-generic drugs
Results
To date, VistaRx has helped over 700 SNFs and 1,500 primary care providers and 18,000 retail pharmacies process their pharmacy data for rebate administration and analytics.
Last year, VistaRx aided facilities in cutting pharmacy expenses by 7.4% through rebates alone. Our Pharmacy Plus program (preferred pharmacy network) offers an extra 7% cost reduction compared to large national pharmacies through therapeutic interchange and contractual savings.
See for yourself how VistaRx can help you offset your spend and improve patient care.
