Hospital administrators play a critical and challenging role in day-to-day pharmacy benefits decisions of large organizations. On one hand there are patients to watch over, while staff are counting on you as well. Wouldn't it be nice to have someone that you can count on? At Phoenix, that someone is us. We consider it our business to support you and your organization. Whether you need help finding the right managed care plan for you or see the RxAdvantage Card as a way to make treatment accessible to patients, we can help.
We are also a full-service resource for 340B administration. Because let's face it, although 340B programs are a tremendous resources for the underserved, the laws and regulation are complex and seen by many as a barrier to participation. 340B administration and compliance requires knowledge and detailed accounting. That's where we can help.
Our experience with 340B spans more than a decade. In that time, we've become proficient at 340B legislation. On top of that, we also have a team of legal advisors guiding us so that you can feel confident in your partnership with Phoenix. 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, our simple fee-for-service model 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 all while making a profit for the hospital.
At Phoenix, our Managed Care plans are tailor-made for your hospital or hospital system. We listen to your needs and create a plan that works for you and in the best interest of you and your employees. With a simple and straightforward transaction-based fee structure, the Phoenix Managed Care system, a system that focuses on saving your hospital money, is simply one you can trust.
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.