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New Jersey Hospital Association Prescription Program Outpaces Industry
Date:2/18/2008

PRINCETON, N.J., Feb. 18 /PRNewswire/ -- ARMSRx (Administered Risk Management Services Rx), Pharmacy Benefit Consultants, the health care industry's leader in transparent pharmacy benefits negotiation and assessment, has performed an annual audit and review for The New Jersey Hospital Association's (NJHA) Employee Benefit Prescription Program. ARMSRx represents the association, its member hospitals, third party administrators and employers participating in its PBM program.

The Audit findings indicate that the New Jersey Hospital Association's 2007 Per Member per Month cost increased by only 2.6% over the entire book of business. The major PBMs in the marketplace are seeing increases of 6% plus. Even though the majority of NJHA employers do not employ mandatory generic programs, the overall generic fill rate was up from 51.1% to 55.7%. The most impressive discovery is that over 25% of the active 2006 & 2007 clients have negative trends!

Jennifer Kingsley Wilson, CEO of ARMSRx, values NJHA's aggressive stance on transparency and reducing the Rx costs through creative contractual structuring and not necessarily increasing the employee cost share outlandishly driven by consumerism. "Our clients are pleased to find ways to reduce costs without having to upset the employees that need the Rx benefit the most with the ever so popular cost shift."

The NJHA program offers leverage, aggressive pricing, stringent performance guarantees and formulary alignment that far exceed programs currently offered in the marketplace. Originally developed for the NJHA member hospitals, the program has evolved to include non-hospital employers due to broker and consultant demand to place other clients on this well received "New Generation of Pharmacy Benefit" program.

William Kennedy, Sr. Vice President, NJHA Corporate Services states, "Our members appreciate that NJHA has been able to leverage their purchasing arrangements to reduce costs without compromisi
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SOURCE ARMSRx
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