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:2/12/2016)... ... February 12, 2016 , ... Atlantic Information Services, Inc. (AIS) ... PBMs,” an upcoming Feb. 24 webinar that will discuss ways health plans and ... such as the $1,000-per-pill hepatitis C treatment Sovaldi and high-cost PCSK9 inhibitors to ...
(Date:2/12/2016)... ... February 12, 2016 , ... US Sport Camps is pleased to ... Club, located in Norwalk, serves as the host site and directing the camps is ... “We have had successful camps in recent years around Des Moines and are fortunate ...
(Date:2/12/2016)... , ... February 12, 2016 , ... Healthcare careers in ... five most searched jobs via the website of healthcare staffing leader Aureus Medical Group ... travel nurse jobs , travel therapy positions and in travel and direct ...
(Date:2/12/2016)... (PRWEB) , ... February 12, 2016 , ... ... creating explosive growth in the field of long term care. With that, says ... for well-trained healthcare professionals in administrative roles in long term care environments. His ...
(Date:2/12/2016)... ... February 12, 2016 , ... Basketball is a game for everyone, not just ... PoppersTM series, sign language translation is featured in the top right of the screen. ... PoppersTM lessons has a sign language translator to teach kids the game and how ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... Stem cells are primitive cells found in ... the capacity to differentiate into mature cell types Stem ... first mouse embryonic stem cells were derived from embryos ... the first culturing of embryonic stem cells from non-human ... until 2006 As a result of these discoveries, stem ...
(Date:2/11/2016)... N.Y. , Feb. 11, 2016  Governor Andrew ... that will create 1,400 jobs throughout Western ... a partnership with the SUNY Polytechnic Institute, includes a ... Conventus Building in Buffalo , as ... foot manufacturing facility in Dunkirk . ...
(Date:2/11/2016)... AAIPharma Services Corp./Cambridge Major Laboratories, Inc. ... development services for the pharmaceutical and biotechnology industries, ... in its Charleston, SC ... recent investments. Charleston ... with small-scale lyophilization. The site has invested in ...
Breaking Medicine Technology: