KANSAS CITY, Mo., Nov. 6, 2014 /PRNewswire/ -- BH Media Group, a
Berkshire Hathaway company, has selected Rx Savings Solutions to
provide a cost-effective answer to increasing prescription drug
expenses. Rx Savings Solutions is the innovator behind a patented
software system that helps organizations and their employees save
money on pharmaceutical costs.
As the cost of healthcare continues to rise, employers are
looking for solutions to help save money while still providing
competitive benefits for their employees. Rx Savings Solutions has
an exclusive platform that analyzes thousands of clinical
recommendations to find the most affordable offering for both the
employee and employer. Employees are alerted via email or text
message when a cost-savings opportunity exists. They log in to a
user-friendly website to review a custom report of cost-savings
options. It's often as easy as identifying better pricing at their
current pharmacy, or changing pharmacy locations closer to their
home.
"As pharmacists we recognized the need for a solution to
increasing healthcare costs and we believe our system can create
extraordinary savings for families of BH Media Group employees,
just as we've done for others across the nation," said Michael Rea, PharmD, who is the founder and CEO
of Rx Savings Solutions. "The software takes a look at where users
live, their medication requirements, possible alternatives and
pricing information to provide the most accurate cost-savings
recommendations."
After seeing customers struggle to pay high out-of-pocket costs
for monthly maintenance medications, Rea and business partner Dr.
Douglas Besch – also a pharmacist –
set out to create a system to help people find the lowest possible
prices on pharmaceuticals. Although Rx Savings Solutions launched
as a direct-to-consumer model back in 2008, the Kansas City-based company has evolved to
serving larger, self-insured organizations, like BH Media Group and
the State of Kansas Employee Health Plan.
"We look forward to delivering measurable financial savings on
prescription drug costs to BH Media Group and its employees," said
Besch.
The Rx Savings Solutions system is HIPAA security compliant. All
interaction between the software platform and the employee is
confidential. Rx Savings Solutions is without bias and delivers the
most accurate, cost-effective data to subscribers based solely on
the location and medication needs of each user.
For more information about Rx Savings Solutions, visit
www.rxsavingssolutions.com.
About Rx Savings Solutions
Rx Savings Solutions
created an innovative, patented software platform to deliver its
prescription price transparency solution to employers and their
covered members. Founded and operated by a team of pharmacists and
software engineers, Rx Savings Solutions supports a collaborative
approach for employers to offer a transparent solution that
delivers information and engages their employees. Rx Savings
Solutions can ultimately lead to a savings potential of up to 22
percent for the employer and up to 45 percent for the employee. For
more information, visit www.rxsavingssolutions.com.
About BH Media Group
BH Media Group,
headquartered in Omaha, is a
wholly owned subsidiary of Berkshire Hathaway Company (NYSE: BRK.A
and BRK.B). BH Media Group owns 30 daily newspapers, related weekly
newspapers and a television station. BH Media Group has operations
in Nebraska, Alabama, Florida, Iowa, Oklahoma, New
Jersey, North Carolina,
South Carolina, Texas and Virginia.
Logo -
http://photos.prnewswire.com/prnh/20141106/157112LOGO
SOURCE Rx Savings Solutions