Systems and methods for determining options for reducing spend and/or trend for a prescription drug plan

Systems and methods for determining options for reducing spend and/or trend for a prescription drug plan are provided. Based on an analysis of spend and/or trend for the prescription drug plan, a prescription drug spend and/or trend application may determine that an option is available to reduce spe...

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Hauptverfasser: Paul, Les, Foley, Amy, Ezrow, Brian F, Snow, Jr, David B, Berger, Ella, Epstein, Robert S, Bird, Beth, Jacks, Marianne, Anand, Tej, Caride, Vicente L
Format: Patent
Sprache:eng
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Zusammenfassung:Systems and methods for determining options for reducing spend and/or trend for a prescription drug plan are provided. Based on an analysis of spend and/or trend for the prescription drug plan, a prescription drug spend and/or trend application may determine that an option is available to reduce spend and/or trend. For example, an option may be provided that addresses a primary component of spend and/or trend as determined by the spend and trend application. In another example, an option may be provided that addresses a deviation by the prescription drug plan from a selected performance metric. In yet another example, an option may be provided that addresses a status change for a drug in a marketplace. The spend and/or trend application may optionally project an impact of an option on the prescription drug plan (e.g., financial impact, member impact) using a related model.