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Veracity clients can spend 30-40% less than the national average on healthcare.
631
Employee Group
Rx Cost Reduction
$1M
Surplus on Claim Account
A fully-insured logistics provider had no control over spending or provider contracts. They also had no ability to impact their plan other than reducing benefits.
This logistics provider was moved to partial self-funding with a TPA and PPO network, and implemented parts of VeracityRx’s pharmacy program in the first year with a specialty program in the second year.
As a result, the logistics provider saw:
"Veracity Benefits is transparent. They have a unique product and they partner with and educate the plan from the beginning on how to save the most while ensuring a smooth transition."
274
Employee Group
$520k
Savings to the Bottom Line
A furniture manufacturer was with a TPA and facing two lasers in the amounts of $340,000 and $180,000 based on high-cost specialty drugs.
This manufacturer decided to stay with their TPA, however, carved out their pharmacy to VeracityRx and implemented the full program, including specialty care management.
The manufacturer was able to get their specialty drugs covered at no cost to the employer, resulting in a $520,000 savings to the company’s bottom-line within one year.
"Veracity Benefits is diligent in seeking ways to deliver an exceptional benefits program and provide quality support of operations."
2183
Employee Group
Millage Rate Reduction
A municipality was struggling to control physician costs, particularly specialty care referrals, for an indigent population.
A program was established requiring the implementation of on-site clinics for primary care and care management.
Within one year, this municipality was able to:
“Veracity Benefits is a partner in the fullest sense of the word for our employee health benefits program. The choice we made to engage Veracity has been affirmed throughout the relationship and through the achievement of our desired outcomes. We could not be more satisfied."
$0
Cost to Member
Savings on Prescription
$11,000
International Drug Annual Savings
A member required 3 types of brand-name drugs needed to treat Type II Diabetes and blood clots. Due to the high U.S. retail price of brand-name drugs, the employer’s estimated annual cost was supposed to be $22,200.
VeracityRx’s Pharmacist Concierge Service who works as the patient’s advocate was able to acquire the brand-name drugs internationally at half the cost. This resulted in a total savings of $11,100 annually for the employer and $0 cost for the member.
As a result, the member:
As a result, the employer:
"VeracityRx gets more patients approved for assistance, saves more money for the employer and is more responsive than the other companies that do patient assistance programs."
$0
Cost to Employer and/or Member
Savings on Prescription
$492,000
Specialty Drug Annual Savings
Due to the tier level of the specialty drug, the member’s estimated monthly cost was supposed to be $41,000.
VeracityRx’s Pharmacist Concierge Service who works as the patient’s advocate was able to acquire the specialty drug for one year at no cost. This resulted in a total savings of $492,000 annually.
As a result, the member:
"VeracityRx worked with us every step of the way to take care of our employees on Specialty Medications. The transition has been smooth."
