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IBC study shows that integrating medical and pharmacy benefits offers advantages to members

March 1, 2012

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In the February 2012 issue of Benefits Magazine, IBC published a study indicating that employers who choose integrated medical and pharmacy benefits for their employees are more likely to have lower medical costs. Members with integrated benefits saved an average of $19.76 per month per member.

In addition, employees are able to achieve better overall health. The study?s findings show that an integrated benefits approach results in lower use of hospital and emergency room (ER) services. For members with integrated benefits, the number of hospital admissions was 19 percent lower and the number of ER visits was 28.6 percent lower than members with only medical or pharmacy benefits.

Through IBC?s integrated benefits program, we are able to analyze employers? medical and prescription drug claims together to:

  • identify members who have gaps in care;
  • provide timely intervention;
  • perform targeted member outreach through disease management and wellness programs.

Our integrated benefits program also works to maximize the value of our customers? health care dollars by offering key cost-saving controls, such as highly effective formulary and other utilization management programs and continued promotion of generic prescription drugs over brand name drugs. The value of the program may be especially important for members with chronic conditions for whom the right care management relies on them adhering to appropriate medication regimens.

Read the complete article on the Benefits Magazine website.

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