Health plan to make a switch
CDPHP says new pharmacy benefit manager offers game-changing technology
The CDPHP health plan starting Jan. 1 will use Capital Rx as its new pharmacy benefit manager.
CDPHP currently uses CVS Caremark for its pharmacy benefits.
With more than 150 active clients covering more than one million people, Capital Rx is one of the fastest-growing health care companies in America and offers game-changing technology in both claims processing and benefit configuration, according to CDPHP.
“With Capital Rx, we have full transparency into the pharmacy supply chain and are able to innovate in ways that bring affordability, efficiency and ease of use to all of our members” said CDPHP’S chief pharmacy officer, Eileen Wood.
By partnering with Capital Rx, CDPHP aims to stem the tide of rising drug prices through greater price transparency, as well as a new pricing model designed to more accurately and fairly set the cost of drugs. Capital Rx sets its prices with full transparency using actual unit drug costs based on the National Average Drug Acquisition Cost, which is maintained by the federal government.
CDPHP will leverage Capital Rx’s intuitive enterprise pharmacy platform to increase efficiency and achieve the highest standards of clinical care for its members. The platform enables realtime communication among physicians, pharmacies, patients and health plans, and facilitates faster and more efficient prescription processing for members.
CDPHP recently opened the doors to three retail pharmacies, with the goal of providing its members and the community-at-large with a suite of services to meet all of their health care needs.
In the coming days, weeks and months, CDPHP will be working to notify appropriate parties, including members, brokers, employer groups, providers and other strategic partners, and will develop implementation workgroups, timelines and action plans.