In the past 12 months, Transparent Systems completed over 40 pharmaceutical benefit studies resulting in 12-18% savings from the previous year claims cost.

The Problem

The vast majority of self-funded employer groups lack the information and analytics needed to purchase pharmacy benefit management (PBM) services consistent with procurement ideals that are proven to drive costs down.

The Solution

SHP and Transparent Systems utilize a patented, robust claims analysis engine (RXQuest) that provides new insights and information for the client to leverage in a very competitive PBM bidding process. The utilization of the RXQuest has consistently provided the clients with an average savings of 12-18% of their annual pharmacy spend.

SHP establishes five core tenants when we work with our clients to prepare a study.

  1. No cost to the client.
  2. No plan design change and no disruption in retail pharmacy access to your employees.
  3. Transfer the financial risk - 100% GFR guarantee by PBM.
  4. Secure better discounts and reduced dispensing fees.
  5. Increased rebates to the client.

Learn more about the benefits

Can Specialty Health Partners and Transparent Systems save you money? If you have over 1,000 employees you can bank on it.

As an Employer in today's troubled economy, the two unpopular options for cutting healthcare costs have been to increase employee contribution or cut employee benefits. SHP has a third option. Working together, we will shift the cost back to the provider and move the savings directly to your bottom line.

For more information call Jim Chamberlin, President of Specialty Health Partners, at (678) 427-8551 to set up a 30-minute Webx consultation.

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# Employees Annual Drug Spend Savings Percentage Savings per Year Savings Over 3 Year Contract
1,100 $1,000,000 17.5% $175,000 $525,000
4,900 $5,000,000 15% $750,000 $2,250,000
7,100 $10,500,000 12% $1,260,000 $3,780,000

*Actual savings based on number of employees and annual pharmacy spend. Your savings may be more or less depending on your current contract.

A partial list of over 40 companies who have utilized the Transparent Systems/RxQuest programs as a procurement design support tool to better evaluate their pharmaceutical benefits plan. The results were all the same, better control and annual savings of 10% to 18% on their pharmacy spend.

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