PayRx significantly lowers costs for self-insured employers and health plans to enable greater patient access to high cost advanced therapies.
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The number two expense on business P&Ls is healthcare costs which is addressed by PayRx
Per Reuters, median annual price for new U.S. drugs in 2024 is over $370K, with some costing more than $4M
The cost of a single claim can be financially devastating for patients, employers and health plans
The pharmaceutical industry business model is rapidly changing from blockbusters to precision medicines such as cell and gene therapies
As medical science advances, we are witnessing a surge in therapies.
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We address the budget-breaking impact of high-cost therapies with a unique, cost-effective approach that ensures affordability and guaranteed outcomes
Our solutions are tailored, easy to implement, and can be deployed anytime within a benefit year.
Unpredictable high-cost claims are putting a strain on resources and creating an uneven playing field for payers. For many, the cost of a single event can be financially devastating. Unfortunately, existing healthcare business models and other risk management products are not suited for this growing problem.
>Significant reduction in healthcare benefits PMPM
>No lasers or exclusions
>Immediate and long-term savings strategy
>Can be deployed at any time in a benefit year
Powered by our data science and predictive analytics capabilities, we work with health plans and employers to monitor, plan, and pay for high-cost pharmacy and medical benefits therapies
"The PayRx team took the time to understand me and my team’s needs, then provided a comprehensive solution that exceeded our expectations. It was clear the PayRx team possessed the breadth and depth necessary to understand the challenges we face in healthcare. The insights PayRx provided have significantly accelerated our strategies and, as a result, we are looking to the future for further engagements that will be shared across the greater organization."
Raymond Tarr
Senior Director
US Commercial Diagnostic Strategy Alexion Pharmaceuticals, Inc.
"The recommendation of PayRx to my clients has helped them save money in addition to empowering them with tools and strategies to better navigate the complexities of large healthcare expenses. This proactive approach can lead to better financial flexibility and cash flow for my clients in the short and long term."
Tammeisha D. Smith
Insurance Consultant
Fairview Insurance
PayRx is an industry leader in delivering tailored, on-demand precision risk financing solutions and analytics for self-insured employers and health plans to enable greater patient access to high-cost advanced therapies. We leverage data science, purpose-built technology and financial engineering to manage the cost impact of advanced therapies in a unique way that is significantly more affordable, flexible, and provides greater benefits.
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