MRx Select Savings
What is MRx Select Savings
We are partnering across the industry to provide a connected healthcare experience that leverages insights and innovation to deliver valuable solutions for our customers and their members.
MRx Select Savings links Magellan Rx’s clinical expertise with consultative alternative funding partners to help find financial assistance for people who take select specialty medications, and also:
- Helps reduce costs for both the plan and its members
- Has minimal impact on treatment time
- Can produce savings of up to 50% in specialty spend.
The ideal solution is an integrated approach. The MRx Select Savings program:
Manages financial aspects of specialty drug funding
Knowledgeable advocates and case managers handle the financial aspects of the specialty drug funding.
Benefits members with chronic diseases
The goal is to help members who are living with high-cost chronic diseases financially.
Provides access to care
Members will have access to care under the normal process they use today.
Does not use exclusionary language
MRx Select savings maintains coverage for specialty drugs without using exclusionary language (preserves stop-loss policy coverage).
Keeps it simple
Includes plan document language that does not reduce the value of the benefit and maintains ACA compliance
Who can use MRx Select Savings?
This program is available to health plans and employer groups looking to improve access to specialty drugs, products and services.
Want to learn more?
Connect with us today to learn more about MRx Select Savings and how it can help manage costs associated with rising specialty spend.
*Internal Magellan Rx Management date