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In a remarkable demonstration of effective pharmacy benefits management, a municipal government has achieved substantial cost reductions through its partnership with DisclosedRx, delivering significant savings for both the municipality and its employees.
Key Performance Highlights
32% reduction in gross claim spend - representing substantial taxpayer savings
26% decrease in member costs despite already low copays
$2 million in net plan savings within the first twelve months
$141,497 in direct member savings benefiting working-class families
Breaking Down the Success
What makes these results particularly impressive is the context: The municipal client already had a rich benefits package with remarkably low copays of just $4-5. Achieving additional savings with such competitive baseline costs showcases the impact of Fiduciary partnership, Full Disclosure and pass-through pricing models.
The implementation of DisclosedRx's Agile Channel Management program has been crucial to this success. By leveraging alternative funding and sourcing options for brand and specialty medications, the program reduced actual spending from $6.4 million to $4.3 million in a twelve month period.
Impact on Working Families
For the working-class families employed by the municipality, these savings have real impact. Every dollar saved through reduced prescription costs contributes meaningfully to household budgets. The member savings focus of the program ensures that benefits reach those who need them most.
Meeting and Exceeding Expectations
The program is not just meeting but exceeding every financial and Member Service metric. With a guaranteed savings target of $1.2 million, and actual results coming in at just over $2 million in annual savings, the power of a Fiduciary PBM model that is contractually bound to act in the best interests of its clients is decisively demonstrated.
The DisclosedRx Difference
As The Fiduciary and Fully Disclosed PBM®, DisclosedRx delivers consistent value through:
100% Pass-Through Pricing - Clients pay exactly what we pay, with no spread pricing
100% Rebate Pass-Through - Clients receive all rebates with nothing held back
Enhanced Specialty Savings Programs - Up to 75% savings on specialty medications
Member-First Approach - 24/7 Member Service
Client Testimonial
"The service exceeds our expectations. We get so much better Member Service now without having to jump through a bunch of hoops. In the first year of the contract, they saved us more money than they projected during the RFP."
The success of this program serves as a compelling example of how organizations can significantly reduce health plan costs while maintaining or improving benefits for their employees through partnership with DisclosedRx, The Fiduciary and Fully Disclosed PBM®.
Ready to achieve similar results for your organization? Connect with us to learn how we can help you maximize savings while ensuring the best care for your members.