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Beyond cost savings and top-tier service, the RxOC will develop a forum for creating strategies focused on positively impacting patient health and influencing the health care system to benefit participants and plan sponsors. Key advantages include:
Scale - leveraging the combined buying power of the largest health benefits purchasers in Ohio and leveraging claims to the greatest effect in conducting pilot tests of innovative concepts, cutting-edge strategies and new best practices.
Transparency - on items such as rebates and eliminating spread at retail, while aligning incentives among plans, providers and participants.
Access - to prescription drug pricing of the largest public plan sponsors, prescription drug programs and information, best-practice information and industry experts, and information for prior authorization, step therapy, clinical management programs and more.
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"OPERS spends more than $1 billion on
retiree health care coverage every year,
and we know that amount will continue to
grow. Participation in the RxOC allows
us to better manage pharmaceutical
costs, a large component of our health
care spending.
The joint venture of the RxOC leverages
our collective purchasing power, for the
benefit of all participants. Whether a
public employer is large or small, they
can take advantage of the collective
size of the RxOC, and achieve the best
pharmaceutical prices for their members
and retirees."
— Chris
DeRose, CEO, Ohio Public Employees
Retirement System |
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