CEO Offers Insight on Specialty Pharmacy Distribution to Lower Costs on Podcast
Featured on the Reconstructing Healthcare podcast, OptiMed helps employers discover new specialty pharmacy distribution channels to lower costs
KALAMAZOO, Mich., October 14, 2019 (Newswire.com) - The cost of healthcare continues to rise, with the cost of employee health benefits expected to near $15,000 on average in 2019.1 As the single largest providers and purchasers of health insurance in the US, employers cover over 150 million workers and dependents, purchasing 34% of all healthcare.2 Of growing concern are numerous new and pricey prescription drugs, known as specialty pharmaceutical products, often noted as a key culprit behind rising healthcare costs.
In the Reconstructing Healthcare episode #54, podcast host, Michael Menery, introduces Andy Reeves, the Co-owner and CEO of OptiMed Health Partners. Join us as we discuss how OptiMed Specialty Pharmacy brings transparency to the market and helps employers understand and realign traditional specialty pharmacy distribution channels to lower costs.
Discussion topics include specialty drugs, specialty pharmacy vs. retail pharmacy, pharmacy benefits, misaligned incentives, price transparency, medication adherence vs. compliance, quality of care, and cost savings. Given their substantial financial investment into employee health, employers are justified in asking whether healthcare expenditures contribute to improved employee health, productivity, and the bottom line. Listen to the podcast and learn why OptiMed is a chosen partner for superior cost savings and better-quality care for patients.
About OptiMed: OptiMed Health Partners is an independently owned and operated national healthcare organization, specialty pharmacy, and infusion services. With over 25 years of experience, OptiMed leverages personalized attention to detail to deliver customized solutions that optimize patient outcomes while partnering with other healthcare organizations to usher in a new standard of excellence.
About Reconstructing Healthcare: Reconstructing Healthcare is a podcast series that explores what is wrong with the current healthcare system in the US, examines what drives higher healthcare costs, and exposes deficiencies in traditional insurance products. Join us as we interview companies and entrepreneurs that are providing innovative services and solutions designed to not only disrupt the health insurance marketplace but deliver lower costs and better value for your employees.
Sources: (1) Miller, S. For 2019, Employers Adjust Health Benefits as Costs Near $15,000 per Employee. August 13, 2018. SHRM (Online). Available at: https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/employers-adjust-health-benefits-for-2019.aspx. Accessed 13 Feb 2019. (2) Mercer Survey. 18 Sept. 2018. https://www.mercer.com/newsroom/mercer-survey-shows-employers-face-increase-in-health-benefit-cost-in-2018.html. Accessed 8 Oct 2019.