Navigation Links
New Tool Helps Employers Lower Drug Costs
Date:1/29/2009

SARASOTA, Fla., Jan. 29 /PRNewswire/ -- As American businesses take belt- tightening to new levels to counter the ongoing recession, one technology company is introducing a new service to help organizations address one of the fastest-growing expenses -- healthcare.

EquivaMeds (www.EquivaMeds.com) helps self-insured employers lower prescription drug costs for employees. The service helps members analyze their current medications, identify lower cost options and communicate the results privately back to their doctors.

The EquivaMeds patent-pending database application searches thousands of equivalent-class medications, brand and generic drugs, that are up to 80% less expensive. Medications suggested by EquivaMeds are available at local pharmacies, so the recommendations easily integrate into an organization's prescription benefit plan.

Doctors have the final say and most say they appreciate the cost information, which is not typically available when physicians prescribe.

"We call EquivaMeds 'the best thing since generics' because we think it will have a similar impact on drug costs," said Phil St. John, President of Genuity Group LLC, the healthcare technology company that developed EquivaMeds in partnership with physicians.

EquivaMeds can find savings of $200 to $600 per employee, per year. One 5,000-member self-insured group saved $1 million in its first year of using the methodology. To learn more, visit www.EquivaMeds.com or call toll-free (866) 977-3637.


'/>"/>
SOURCE EquivaMeds
Copyright©2009 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. New male sling procedure helps prostate cancer survivors who suffer from urinary incontinence
2. Direct Anesthetic Infusion Helps Colorectal Cancer Patients
3. Radiation and drug combo helps boost efficacy of lung cancer treatment
4. Childs Flu Shot Helps Whole Family
5. Microsoft Helps Developers of Clinical User Interfaces Improve Efficiency, Patient Safety With Free Toolkit
6. Generic prostate drug helps find high-risk cancers early
7. Tamoxifen Helps Treat Bipolar Disorder
8. Imaging Software Helps Track, Treat Injured Brains
9. GPS-like technology helps pinpoint best methods for moving injured players
10. New Website Helps Women Be Fit, Sexy and in Control!
11. Brain Defect Helps Drive Fragile X Syndrome
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... ... December 09, 2016 , ... The Pennsylvania Athletic Trainers’ ... during the summer of 2016. The program was made possible by a Pennsylvania ... Department of Health and Human Services Administration. The broadcast, Use Your Head: ...
(Date:12/8/2016)... ... December 08, 2016 , ... Russ DiGilio ... the first national #QuackGivesBack campaign which supported local breast cancer organizations during National ... Quack Gives Back initiative, and we’re very pleased with the participation ...
(Date:12/8/2016)... ... December 08, 2016 , ... CURE Media Group, the ... advocacy groups, has aligned with Upstage Lung Cancer in efforts to combat lung cancer, ... Michael J. Hennessy, Jr said, “CURE Media Group is honored to team up with ...
(Date:12/8/2016)... Fla (PRWEB) , ... December 08, 2016 , ... ... smarter modes of access for customers and employees that are both engaging and ... 7 with Service Smart Technology, the software company revealed today its plans to ...
(Date:12/8/2016)... ... December 08, 2016 , ... STAT courier is pleased to announce ... service for Texas, they are expanding their presence in Dallas. One of the most ... will bring new jobs to the Dallas and Forth Worth market. STAT takes pride ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... 2016 Australia Glaucoma Surgery Devices Market ... report, "Australia Glaucoma Surgery Devices Market Outlook to ... Glaucoma Surgery Devices market. The report provides value, ... and average prices (USD) within market segement - ... company shares and distribution shares data for each ...
(Date:12/8/2016)... 8, 2016 Global Interventional Radiology Market: ... global interventional radiology market analyzes the current and ... an elaborate executive summary, including a market snapshot ... sub-segments. The research is a combination of ... bulk of our research efforts along with information ...
(Date:12/8/2016)... 8, 2016  Diplomat Pharmacy, Inc. (NYSE: DPLO) has been recognized ... Top Workplaces National Standard. To learn more about ... ... Inc.) ... survey administered by WorkplaceDynamics, LLC, a research firm specializing in organizational ...
Breaking Medicine Technology: