Your Specialty Pharmacy Partner
BioRx is led by a management team with years of specialty pharmacy industry experience. Founded in 2004, the company’s history extends to the early 1990s through the experience of its veteran management team and clinical staff. This experience provides BioRx business partners with key insights, strategies and tactics for managing the growing complexities of the specialty pharmaceutical health care environment.
Managing the interdependencies of the pharmaceutical delivery channel requires custom solutions for diverse customer types.
For insurance providers and health plan sponsors, ensuring positive therapy results while controlling the growing costs of specialty medications can be a long-term balancing act. Our focus on select disease/therapy categories can strengthen the ability of payors to not only monitor and control spending on a particular drug category, but also determine its therapeutic efficacy.
By isolating smaller buckets of risk with a specialized pharmacy/infusion provider, health plans can be more effective in targeting the highest costs within their membership.
BioRx actively explores innovative service agreements to identify ways to deliver savings and reduce risk—from volume-based contracting and “fee-for-service” pricing, to results-based performance programs, case-rate agreements and other risk-sharing and cost-containment solutions. BioRx can also offer consulting services to explore savings opportunities, investigate/audit catastrophic claims or conduct in-depth chart reviews.
To learn more about our managed care programs and consulting services, email us or call 614.668.7194.
For pharmacy benefit managers (PBMs), the ability to manage the needs of multiple payor clients requires maximum flexibility—from drug supply, delivery and infusion, to billing, collections and reporting. Beyond these key service objectives, achieving operating efficiencies for PBMs and delivering world-class satisfaction to their clients are critically important benchmarks for BioRx.
Unaffiliated with an insurance company or PBM itself, BioRx is committed to meeting the needs of similarly independent PBMs. Through heightened therapy monitoring and proactive deployment of clinical resources, our programs are designed to benefit the member and have a significant impact on overall cost savings to the PBM’s clients.
To learn more about our partnership programs for pharmacy benefit managers, email us or call 614.668.7194.