CASE STUDY
Scripta Finds 92% Savings with One PBM Edit
CASE STUDY
Scripta Stops Soaring Healthcare Costs, Saving $13.5M for Aviation Giant

A Fortune 500 maker of luxury business jets engaged Scripta to analyze its complex pharmacy benefits data and help stop rising healthcare costs for both the company and its employees.

SCRIPTA SOLUTIONS

PBM Optimization

When Scripta’s initial analysis of the company’s pharmacy data revealed that a single controversial narcolepsy drug had been costing the client more than half-a-million dollars annually, our P&T Committee provided immediate formulary and pre-authorization guidance, eliminating this unnecessary spend. 

 

Our ongoing data analysis for the company also revealed that, when the company changed its PBM, it incurred a 20% increase in the price for one specialty drug overnight. We instantly flagged the anomaly and were able to help the client negotiate a better deal with the new PBM. 

 

Scripta also exposed dramatic mail order price variances, giving the client price transparency and the tools they needed to negotiate the best price points with their PBM. This made the client a more knowledgeable buyer when they, ultimately, put the PBM out to bid.

Member Benefits

Scripta reviewed employees’ prescriptions to identify savings opportunities and provided them with Personalized Savings Reports with lower-priced drug options. To help employees better understand their reports, nurse practitioners were even made available in the company’s onsite clinic during the onboarding period. On average, each employee saved $513 annually on prescriptions, while the company saved an average of $1,312 per enrolled employee. 

 

Scripta also created a diabetic supply program for the company to coordinate better pricing around this specific disease impacting a significant population of their employees. The annual cost for test strips dramatically decreased from nearly $40,000 to just $8,563—a 78% savings!

SAVINGS REALIZED
CASE STUDY
Scripta Finds 92% Savings with One PBM Edit

A prominent metals manufacturer, committed to offering its valued employees high-level benefits, was feeling intense pressure from the mounting high costs of pharmacy benefits, which could have jeopardized their whole benefits program. They hired Scripta.

SCRIPTA SOLUTIONS

PBM Optimization

Like most companies, this client gets a massive amount of data from their PBM each month, but it’s nearly impossible for anyone to find the savings opportunities hiding among thousands of data transactions. Scripta’s savings-strategy-based data analysis helped manage this big data problem and identify several opportunities for the company to save.

 

Buried in the data, Scripta identified multiple high-cost drug outliers that were causing nearly $250,000 in unnecessary spend, annually. In nearly every case, there were certain forms and/or dosages of a drug that were up to 300 times more expensive than the alternative form/dosage of the same drug Scripta found!

 

Working within their existing PBM contract, Scripta worked with the client to make these outliers “do not cover” or DNC drugs. By listing certain forms of these drugs i.e. gel, tablet, as DNC, we ensured employees would no longer fill overpriced prescriptions. 

 

This uncovered a projected 92% savings, $250,000, over the next 12 months with nearly zero member disruption.

SAVINGS REALIZED
CASE STUDY
Scripta Helps Health System Beat the National Average
by 50%

St. Joseph’s/Candler Health System, a top 100 integrated health system, had all the right resources with in-house pharmacists and a tuned-in HR department, but when Scripta’s free data analysis identified dramatic pharmacy benefits savings they weren’t capturing, they realized they needed Scripta.

SCRIPTA SOLUTIONS

PBM Optimization

Scripta’s initial data analysis had revealed that a single drug for one employee was costing $30,000 per fill. Our P&T Committee immediately recommended a significantly lower-priced option that was just as safe and effective. With just a few PBM optimizations, the client was able to save $300,000 within their first year of working with us. 

 

Over the course of a five-year partnership, Scripta continuously monitored the client’s PBM and identified several pricing anomalies resulting from new drugs and constantly changing usage patterns. Within just the first three years, Scripta helped the health system lower their costs significantly year-over-year; ultimately, beating the national average prescription cost per insured family by nearly 50%.

 

Formulary changes implemented have yielded more than $700,000 in savings.

Member Benefits

Employees received Personalized Savings Reports identifying prescription savings opportunities to discuss with their doctors, giving their doctors unprecedented access to drug pricing. Collectively, employees saved $1.5M on prescription copays, putting money right back into their pockets and reducing some of the stress that comes with high deductible plans.

SAVINGS REALIZED
Scripta's consulting services provided a meaningful and positive impact on the health of our coworkers.

- Steve Pound, St. Joseph’s/Candler Health System

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© Copyright 2020 Scripta Insights, Inc. 

Scripta™ is neither a pharmacy nor a doctor. The benefit service does not tell you what drug to take and does not participate in the drug selection process. Only your physician can determine the medications that are right for you. These alternative medications are options for less costly drugs that physicians may prescribe in place of the medications you are taking now. Scripta has reviewed your current medications only for the purpose of identifying potential cost savings for you to consider with your physician. Scripta has not analyzed the effectiveness or other therapeutic aspects of these medication alternatives. Accordingly, this report and any other forms of communication received from Scripta are not, nor should they be interpreted as, any form of treatment, drug regimen review, or provision of counseling or consultation by a prescriber, pharmacist or pharmacy. Do not stop taking your medication, change your medication, or start taking a new medication without being directed to do so by your physician and filling the prescription under the oversight of a licensed pharmacist. The alternatives set forth above may not be equivalent to your current medication, may interact adversely with your other medications, may not be indicated in light of your other conditions, may cause different or severe side effects, or may be less effective at treating your condition. Medication prices are approximate based on information provided by your pharmacy benefits manager, insurance plans, and/or employer, and may vary from pharmacy to pharmacy. Check with your insurance plan to obtain a full list of pharmacies where your prescriptions can be filled. All information herein is HIPAA protected, treated as highly confidential, and never shared with your employer.

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