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SELF FUNDED RX
On March 16, 2007, Caremark completed a merger with CVS Pharmacy, solidifying their position as the world’s largest Pharmacy Benefit Manager (P.B.M.). This new, combined organization offers enhanced systems and services that position them ahead of industry demands and deliver innovative programs to you and your plan participants.
AmeraPlan and Caremark
Working Together to Improve the Health of Your Employees and Your Bottom Line
As healthcare costs rise, it is critical to implement innovative solutions that can achieve your goals and objectives – and AMERAPLAN and Caremark are committed to providing those solutions. Caremark offers products and programs that integrate clinical and analytical expertise in three distinct areas:
- Pharmacy benefit management services
- Specialty pharmacy products and services
- A full spectrum of clinical and condition management services
With a concentrated focus on clinical appropriateness, the Caremark programs offer minimal disruption to plan participants and are proven to reduce pharmacy spending.
Reasons We Chose to Work With Caremark
Price
AMERAPLAN has a preferred pricing contract with Caremark that offers leading discounts on brand and generic drugs. By self-funding your prescription drugs, you take control of your spending by gaining access to your actual prescription drug utilization. Access to this data provides you the necessary tools to manage your pharmacy benefit cost now and well into the future.
Implementation and Service Excellence
From implementation to the safe, effective delivery of the pharmacy benefit, we work hand-in-hand with Caremark to develop and implement strategies targeted at meeting your specific objectives.
Flexibility and Innovation
We strive to proactively address your organization’s unique needs. Caremark assists in these efforts by providing consultative resources, including a multitude of plan design options, to best determine the most effective way to manage your pharmacy benefit.
Cost Management
Caremark has proven that their comprehensive programs and services do work by maintaining a single-digit trend for the last two years – a trend that is consistently lower than the national average.
Solutions to Optimize Your Pharmacy Benefit Investment
Mail Service
Mail service is a key component of the prescription benefit. Your organization can save money through mail service and your plan participants may benefit from lower out-of-pocket costs, greater convenience and assured therapeutic safety.
Education
Through education, participants are encouraged and empowered to be wise healthcare consumers. Through plan design, participants are led to make better decisions.
We work with you and Caremark to analyze your population and understand your goals, so that we can recommend plan design strategies that achieve an optimal balance.
Reporting
Caremark offers proven flexibility in designing and reporting key information to help clients and participants manage their prescription drug benefit. All reports are plan participant specific, educational and directional. Reporting includes participant utilization which provides cost savings opportunities to both the client and plan participant.
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