Innovating to give you the flexibility and transparency you need
For years, the pharmacy industry managed drug costs using two main strategies:
- Market basket pricing: Pricing based on a mix of different medications to balance overall costs
- Cross-subsidization: Offsetting higher priced brand-name drugs with lower cost generic drugs
These approaches are no longer sustainable. Pharmacies, payors and their members all need pricing that more accurately reflects the actual cost of drugs. The marketplace is ready for transparent, innovative solutions. With more members exposed to the full cost of their medications through high-deductible health plans (HDHPs), they tend to shop around for lower prices, sometimes going off benefit to do so.
Changing market dynamics and a strong focus on consumer needs demand bold pricing strategies, which is why we created TrueCost. We're unmasking drug-level pricing to:
- Provide greater visibility with acquisition-cost based pricing and drug-level rebate values
- Deliver financial predictability via multi-year, net cost guarantees for covered drugs across all participating pharmacies
- Strengthen the value of your members' pharmacy benefits by removing the incentive to shop around
TrueCost may be an ideal fit if you're:
- Looking for an acquisition-based pricing model using industry benchmarks
- Wanting financial predictability with net cost guarantees
- Focused on reducing members' incentive to shop off benefit, using rebalanced prices
Helping you navigate your fiduciary goals with a more transparent pricing model
Our solutions help you navigate your fiduciary responsibilities. TrueCost is a pricing model that offers more visibility to where drug prices are derived from, while creating a net cost guarantee that includes discounts.
Talk to your account team today to find out how TrueCost can benefit you
Your members are at the heart of what we do
