CVS unveils a tool in which makes in which easier to find less expensive drugs

CVS Health wants to make in which easier for its pharmacists to find patients less costly drugs.

The drugstore chain is usually introducing a system in which will check for less expensive alternatives, higher quantities at lower costs in addition to discounts. CVS hopes in which can help lower costs for its customers in addition to in doing so, make sure they pick up their prescriptions.

Drug costs are rising, in addition to patients are paying more of their health-care bills out of pocket as many shift to high-deductible insurance plans. Often consumers are frustrated by the difficulty of comparing the cost of various treatment options.

The more expensive the drug, the less likely patients are to pick up their prescriptions, said Kevin Hourican, executive vice president of retail pharmacy.

“We want to be known as the retail pharmacy in which does the most to help save patients money,” he said. “The power of in which tool, the RX Savings Finder, is usually we have access to the information in which we need to be able to provide options to our customers to save them money.”

Pharmacists are typically only able to see if drugs are covered in addition to what the out-of-pocket cost might be. With the fresh system, they’ll be able to cost compare in addition to recommend something in which’s less expensive nevertheless as effective, such as a generic or therapeutic alternative.

If they find a different option, they can call patients to ask if they want to switch then call their doctor to discuss writing a fresh script.

During the pilot program, CVS found in which 95 percent of patients ask to switch when given the opportunity in addition to 85 percent of doctors make the switch. Last year, Caremark gave physicians cost-checking technology through their electronic health records.

“(Doctors), as well as our pharmacy teams were flying blind before the implementation,” Hourican said.

The pharmacy system will initially be available to patients who use CVS’ pharmacy benefit manager, Caremark. Hourican said the system should be available with some other major payers later in which summer.

CVS’ unique structure of combing retail having a so-called PBM made in which possible to create the system, Hourican said. The company understands how formularies — lists of prescription drugs, both branded in addition to generic, in which health insurers deem to be medically effective in addition to covered by insurance plans — are managed in addition to benefits are derived, as well as how medications are classified, he said.

“in addition to we’ve built the pipes to connect directly into in which information to provide in which to our colleagues from the store in a very usable way,” he said.

CVS is usually from the process of becoming even more vertically integrated. in which’s acquiring health insurer Aetna to try in addition to create a health-care powerhouse in addition to lower the cost of care. The deal is usually required to close from the second half of the year.

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