At Phoenix, we work closely with insurance agencies to add value to your plans with a prescription benefit program. We deliver options, savings, and information, so that you can provide the best value to your clients. We also give you control, allowing you to conduct regular reviews of activity, claims and trends that effect your business.
At Phoenix, our Managed Care plans are tailor-made for your agents and clients alike. We listen to your needs and create a plan that works best for you. With a simple and straightforward transaction-based fee structure, the Phoenix Managed Care, a system that focuses on saving you, your agents, and your clients' money, is simply a system you can trust.
Limited Prescription Plan
The Phoenix Limited Prescription Plan is a low cost alternative to prescription coverage. It works similar to our Phoenix Managed Care plans, but is a fully insured product that focuses on generics and a few select branded medications. This, in turn, reduces the overall cost of the plan. Despite its name, the Phoenix Limited Prescription Plan offers a wide range of medications that cover EVERY THERAPEUTIC CLASS. The Phoenix Limited Prescription plan offers a way to offer a fully insured product at an extremely low cost.
Our RxAdvantage Card is a free and easy way to extend savings to all of your members. With the RxAdvantage Card, your members will have access to savings up to 75% off retail prices on everyday drugs within a network of over 60,000 pharmacies nationwide. On average, Phoenix pays 80% of all claims, compared to the 65% average for our industry. That's a significant amount. That difference means that you spend less and your members pay less .
Our experience with 340B spans more than a decade. In that time, we've become proficient at 340B legislation. We are experts at qualification, implementation, and administration. We walk you through the process and provide the support you need to maintain the program. We provide technological systems which streamline inventory accounting, dispensation, and claims processing. We manage the information needed to keep you in compliance and work with you to keep you informed of your program's effectiveness.
Not only do we make it easy to take advantage of the program, Phoenix uses a simple fee-for-service model that allows us to focus on saving you money and increasing your revenue with 340B. With traditional percentage-based models, administrator income is directly tied to your costs. When you save money, your administrator loses income. At Phoenix, we charge a low-cost transaction fee, so our only incentive is to make it easy and inexpensive for you to use the program so that you use it more.