For Managed Care Organizations and Pharmacy Benefit Managers, increasing drug costs in conjunction with new market forces have created a more competitive environment. The task of keeping apprised of rapidly changing drug data and price information can be daunting. Meeting end goals of delivering the best value to customers and the highest possible return for stakeholders necessitates a powerful drug pricing and information tool. Price Rx® is a web-based drug price analysis and reference application designed to meet the demanding requirements of Pharmacy Benefit Managers and Managed Care Organizations.

USES: Current drug pricing information is critical to staying apprised of price changes and current market conditions. Price Rx® is essential for multiple functions:

• Formulary Management
• Price Tracking, Analysis, and Forecasting
• Therapy Cost Comparisons
• Monitoring New Drug Products

TECHNOLOGY: The tool possesses enhanced technology for greater user efficiency:

• Online access to drug information at anytime and any place
• Automated daily e-mail alerts notifying users of the latest data updates
• Comprehensive help function embedded in the tool

DATA: The product delivers current, comprehensive, reliable pricing and product data:

• More than 170,000 products with 48 months of inactive data
• Current and comprehensive historical prices based on AWP, DP, CMS FUL and WAC
• Medi-Span’s proprietary Average Average Wholesale Price (AAWP), Generic Equivalent Average Price (GEAP), Average WAC (AWAC), and Generic Equivalent WAC (GEWAC)
• Payment Allowance Limit for Medicare Part B drugs
• Clinical-dosing information to calculate daily therapy costs
• Drug Application Type data elements include NDA, ANDA, and BLA indicators
• Medi-Span’s proprietary Brand Probability data to assist with brand/generic determinations

CAPABILITIES: Key product functions include powerful search, alerts and reporting and analytic capabilities:

• Search by manufacturer, NDC, UPC, HRI, trade and generic name and by Medi-Span’s generic product identifier (GPI) therapeutic classification system
• Customize reports to accurately and effectively analyze drug cost information
• Analyze therapy cost changes over user-specified time intervals at various therapeutic classification system levels
• Create multiple e-mail alerts to inform users of recent price and drug data changes
• Dedicated customer support allows users to seek personalized assistance for individual needs

TOOLS: The program offers several tools for formulary creation:

• Easily construct multiple formulary lists using over 30 product and pricing criteria including therapeutic class, orange book codes, Drug Application Type, pricing thresholds, multi-source codes and packaging attributes
• Generate formulary lists by importing existing NDC and GPI lists from external files
• Import and compare custom pricing and dosing data for use in reports

Pharmaceutical costs are increasing. Your competition is more informed. New forces are changing the market, making your world more competitive. Turn to the leading provider of drug data to help meet your goals and ensure success. While other tools may promise, Price Rx® delivers. Click here to download the PDF.