Biosimilars: A Excessive‑worth Alternative
Alternate options to biologic drugs, referred to as biosimilars, provide the identical security and effectiveness as the unique medicine, and just like generic medicine, they drive market competitors.
Why this issues to your plan:
- Biosimilars introduce market competitors, driving down costs.
- They provide extra price‑efficient therapy choices for circumstances like most cancers, rheumatoid arthritis, and Crohn’s illness.
- IBX employs most popular drug methods and unique contracting with biosimilar producers to maximise price financial savings.
- We’re actively monitoring and figuring out alternatives to leverage biosimilars to maximise our price financial savings alternatives for our purchasers.
Web site of Care: Accountable Steering
One in every of our strongest instruments in combatting rising specialty drug prices on the medical profit is managing the positioning of care via our MCES program. For a lot of specialty medicine administered by a well being care skilled, administration in a physician’s workplace, infusion clinic, or within the dwelling by way of a nurse shouldn’t be solely extra handy to the member, but additionally considerably reduces prices.
The MCES program has saved over $250 million since 2012. Our Utilization Administration procedures and supplier contracting facilitate web site of care coordination and considerably cut back the added prices related to the administration of excessive‑price medical specialty medicine.
What This Means for You
As an employer, you need to provide advantages that meet the evolving wants of your workers with out compromising plan sustainability. IBX helps you with: