With rising drug costs for all employers, do you know how your benefit dollars are being spent?
Using clinical trial data, Informulary's platform solution for employers helps track Rx spend and identify clinically-sound benefit design optimizations to save you money, all while keeping employees healthy.
Informulary Rx for Employers helps manage spend & communication with a clinical lens
FOR PLAN DESIGN Claims analytics platform to visualize spend, identify savings opportunities, and monitor progress. With over 86 million employees on self-insured plans which are facing 16-20% YoY increase for Employer’s Rx spend, as much as $20 billion are wasted on low value Rx despite better alternatives.
FOR EMPLOYEES Platform-agnostic on-demand tool with access to Rx benefit plan information, ability to compare options using gold standard clinical data on drugs. Current Rx plans simply list covered drugs, with drug effectiveness simply assumed.
Early analysis for clients showing potential for significant savings per employee per year
Typical amount an employer spends per employee per year
Number of employees
Potential savings calculated from Informulary analysis for customer
$1,500,000 - $2,000,000
HARD ROI Initial analysis shows 5-10x customer ROI by saving 10-15% of total Rx costs annually
PROVEN In national trials, 2x more people identified an objectively better drug when provided the DrugFactsBox vs. standard drug labels and advertisements
SCIENTIFIC Based on 15 years of research at Dartmouth College Medical School