Advisors
High-cost medications are severely impacting the cost of healthcare plans, with specialty drugs now representing over 50% of total prescription spend. As an advisor, you’re likely facing the challenge of finding creative cost containment solutions. However, many of these strategies are placing undue stress on individual plan members, resulting in high deductibles, high co-insurance, or even exclusion of necessary medications. This financial strain is forcing employees to make tough choices between essentials and their medications, which is causing real stress and impacting their well-being.
Aurora Health uses proven strategies to empower advisors to develop a strategy to reduce Rx cost for Plan Sponsors and their members.
Aurora Health is Your Partner in Innovative Prescription Cost Management
Once we've identified the most effective Rx cost containment strategy for your client, our individual prescription advocacy services step in to support affected members. We not only assist employees but also enhance advisor-driven cost-saving strategies. Our goal is to provide financial relief for those affected by plan changes by connecting them with available financial assistance for high-cost prescription medications.
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How We Help
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Our team of experts is dedicated to finding the optimal solution for each individual patient in line with the established plan design. Our immediate goal is to prevent any disruption by ensuring that members do not run out of their medications. We facilitate timely access to the most suitable financial relief programs, helping both employers and employees manage prescription costs effectively.
Cost Management and Savings
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Tailored Strategies: Aurora Health develops cost-saving strategies that align with the specific needs of each health plan. By optimizing the use of available financial relief programs and negotiating with pharmacies, we help lower overall medication costs.
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Specialty Drug Cost Reduction: We focus on reducing the costs of specialty medications through various means, including global or domestic mail-order services and personal importation options.
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Enhanced Employee Support
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Patient Advocacy: Aurora Health provides dedicated advocacy for employees, ensuring they receive the support needed to access necessary medications. This includes personalized assistance in navigating insurance coverage and financial relief options.
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Preventing Disruption: Our goal is to ensure that employees do not run out of medication, thereby minimizing disruptions to their health and productivity.
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Strategic Insights and Reporting
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Data-Driven Insights: Aurora Health offers insights into medication cost trends, utilization rates, and financial impact, helping Benefit Managers make informed decisions about plan design and cost management.
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Reporting: We provide detailed Quarterly reports on the effectiveness of cost-saving measures and the overall impact on the health plan’s finances.
Contact
Our tailored solutions empower you to provide unparalleled support and guidance to your self-funded clients, ensuring they receive the care they need.
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Contact us to get started today.