Case Study #1: Hospice
Background: Medications for terminally ill end-of-life patients are the single biggest expense in Hospice.
Problem: The rising cost of medications was putting huge financial pressure on our client's operation and was threatening the quality of care they offered its patients. Something needed to be done.
Solution: CareRx assessed our client’s drug spending and determined that they were overpaying for almost all hospice-covered drugs.
Result: Our client was able to save $500K on an annual drug spend of $2.0MM, a 25% savings.