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Adding More and Spending Less in Your Rx Benefit

Adding More and Spending Less in Your Rx Benefit. ROI Challenge. “’Long Run’ is a misleading guide to current affairs. In the long run, we are all dead.” -John Maynard Keynes. Understanding the Supply Chain. Pharma Mfr. Pharma Mfr. Pharma Mfr. Wholesaler. Mail Pharmacy. Retail Pharmacy.

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Adding More and Spending Less in Your Rx Benefit

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  1. Adding More and Spending Less in Your Rx Benefit

  2. ROI Challenge “’Long Run’ is a misleading guide to current affairs. In the long run, we are all dead.” -John Maynard Keynes

  3. Understanding the Supply Chain PharmaMfr PharmaMfr PharmaMfr Wholesaler Mail Pharmacy Retail Pharmacy Retail Pharmacy Pharmacy Benefit Manager (PBM) Plan Sponsor On-Site Pharmacy

  4. The Case - City of Chattanooga 2,300 employees Established Wellness Program Established On-Site Clinic Double-Digit Rx Increases 3 out of 5 Years Prior

  5. On-Site Employee Pharmacy

  6. Milestones August 2010 2010 - $650k YTD savings. Total Savings = $1.49 M September City selects OSRx to provide services March 40% of Rx’s are being filled at the EE Pharmacy September Renovations complete & OTC is offered December 4Q09 On-Site pharmacy utilization = 55%! 2009 2008 2010 December OSRx opens Employee Pharmacy July City Breaks Even! Savings have offset expenses October Survey says “Very Good” or “Excellent” January Over$840,000 in drug savings $355,000 Net Savings

  7. If You Build It, They Will Come

  8. Net Impact - Year 1

  9. Net Impact - Overall (96% ROI)

  10. Convenience, Allegiance, Savings • Top Ranked Places to Work… • ….all have some convenience on their campus. “This pharmacy is one of the best things ever done for city employees and their family.” -Survey Response from City of Chattanooga

  11. Example Price Comparisons *All examples are for 30-day supplies

  12. Questions

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