Consumer Insights Report Examines Intersection of COVID and Drug Affordability
According to new data released today from Rx Savings Solutions, the market-leading tool for pharmacy transparency, 67% of consumers feel a lack of control over their prescription drug costs. The new report looks at how consumers around the country are confronting an uncertain economic climate while also addressing some familiar challenges—including the ever-increasing cost of prescription drugs.
Tyson Foods, Inc. (NYSE: TSN) is using the power of technology to help its U.S. employees and their families save money on prescription drugs. The company is partnering with Rx Savings Solutions, to provide a free, confidential online tool that gives team members and their covered dependents ways to pay less for the medications covered through the company’s health plan. The prescription drug savings software examines the medications a member takes and finds lower-cost options to treat the same conditions. The savings can be generic, less expensive forms of a name-brand drug or various options based on prescriptions taken.
Rx Savings Solutions, the market-leading tool for pharmacy transparency, announced a 99% revenue retention rate for 2020, meaning nearly all of the company's clients up for renewal chose to extend their contracts. The renewing partnerships include Blue Cross and Blue Shield of Kansas City (Blue KC), Sonoco, Telligen, Option Care, and 11 additional employer clients - 5 of which are Fortune 500 companies. Combined, these organizations have saved over $64 Million for their members and their plans.
Amidst the continuous challenges faced as a result of the COVID-19 pandemic, home delivery of prescription drugs is a growing way of life for U.S. consumers. Rx Savings Solutions, the market leading tool for pharmacy transparency, has introduced an Rx Home Delivery option to their 8 million+ members, offering a seamless experience from savings opportunity to doorstep delivery.