Transparency-Rx
@transparency_rx
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A catalyst for lower costs, a competitive marketplace & sound drug policy.
Joined September 2023
Transparency-Rx applauds the introduction of the new #PBMReform legislation by Senators @MikeCrapo and Ron Wyden. This bipartisan bill is a critical first step toward ending harmful PBM practices, increasing transparency, and lowering drug costs. Congress must act now.
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American's support PBM reform. It is better for small businesses and helps provide lower costs to the patients we all serve.
Steve Forbes is exactly right. Reforming the health care system and making health care affordable could be a "80/20" winning issue for Republicans. This is a must-read.
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Greater #transparency is key to lowering healthcare costs. But many employers still struggle to access that information. That's one reason 55% of employers surveyed are considering a switch from one of the Big Three #PBMs in the next 1 to 2 years. https://t.co/5bQtMbMwZI
fiercehealthcare.com
A new employer survey shows a growing interest in making the switch to a transparent pharmacy benefit manager. | A new employer survey shows a growing interest in making the switch to a transparent...
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A new survey shows how the #healthcare landscape is changing. Employer use of transparent #PBMs has more than doubled in the past year while use of the Big 3 PBMs has dropped. https://t.co/j4JgT3ovJz
managedhealthcareexecutive.com
Use of transparent PBMs has surged as employer reliance on the Big Three declines, highlighting shifting strategies to address escalating healthcare costs, the Pulse of the Purchaser 2025 survey...
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Transparency Is Rising: A Forum For Market Innovators As the event panels highlighted, our transparent #PBM partners are not only working to reform healthcare policies but to transform pharmacy benefit management.
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Panel: Transforming Plans & Formularies with Radical Transparency Our transparent #PBM partners stand out from competitors whose misaligned incentives support profits not patients. @MedOneSolutions
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ICYMI: Transparency is Rising: A Forum for Market Innovators Check out photos capturing the D.C. event! Our keynote speakers & panels discussed the next steps for #PBMReform, transparency in action, and transforming plans and formularies.
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Managing Director, Joe Shields, spoke at an FTC listening session on #PBMReform. He called attention to the use of vertical integration to restrict the choices employers have when wanting to hire a PBM, allowing the Big 3 to maintain control of the market. https://t.co/RujgzOjDBC
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During Transparency Is Rising, Ted Okon with COA described a worsening situation for cancer patients as they deal with denials & delays. Watch the clip below as he describes why consolidation is part of the problem. That's why #PBMReform is critical to remove barriers to care.
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Where do we go from here? Transparency Is Rising panel discusses the next steps for #PBMReform. Continued action is needed from federal and state lawmakers. Legislation must target the misaligned incentives of traditional PBMs and crack down on anticompetitive practices.
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At Transparency Is Rising, Sharon Faust with Navitus gave a presentation on drug pricing trends and what they mean for affordability. #healthcare
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Traditional pharmacy benefit programs have become increasingly complex and opaque. But transparent #PBMs want to simply the process and bring clarity to employers. Below is a clip from our investor panel at Transparency is Rising:
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Transparency is a Main Street Value: National forum discussion with @RxPreferred 🔹Pharmacy benefits can be simple and efficient 🔹PBM Conflicts of Interest = Inefficiency 🔹Data is king 🔹Transparency is a catalyst for change
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New analysis found prescription drug denials by private insurers in the U.S. jumped by 25% from 2016 to 2023. The NYT report says not all decisions to deny claims are made directly by health insurance claims. Much of that work is done by #PBMs. https://t.co/8b6lsF6TXq
nytimes.com
Offering a rare glimpse inside the hidden world of rejected insurance claims, new data shows a steady uptick among major private insurers.
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ICYMI: Transparency Is Rising: A Forum for Market Innovators Industry leaders, key stakeholders, and policy decision-makers gathered in D.C. last month to discuss how we can transform the healthcare system through transparency.
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Former U.S. Surgeon General @JeromeAdamsMD joined our national forum for a panel on #transparency in action and the role in plays in a functioning #healthcare market.
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"It takes radical transparency to make the benefits of capitalism come to healthcare." At Transparency Is Rising, @SenBillCassidy shared his insights on how radical transparency can transform the healthcare system, empowering families & employers to make informed decisions.
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"Patients and employers alike deserve to know the price." Cynthia Fisher joined Mark Cuban during a panel at Transparency Is Rising to explain why opaque pricing models for consumers & businesses creates a dysfunctional market. @PtRightsAdvoc
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Another inside look at Transparency Is Rising. CMS Administrator @DrOz shared how the federal agency is working to transform drug pricing, and pass down transparent data to patients & clinicians.
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