Through the partnership, employers who make the most of RxPreferred’s pharmacy advantages can have entry to all medicines by means of Cost Plus Drugs.
DALLAS — This story initially appeared within the Dallas Business Journal, a WFAA news companion.
Dallas-based Mark Cuban Cost Plus Drug Co. has partnered with Nashville-based pharmaceutical firm RxPreferred Benefits to enhance well being care entry and decrease drug spending, in response to a news launch.
Through the partnership, employers who make the most of RxPreferred’s pharmacy advantages can have entry to all medicines by means of Cost Plus Drugs inside their advantages packages. The advantages had solely beforehand been supplied to people outdoors of their insurance coverage bundle.
“Our partnership with RxPreferred is another step in the direction of bringing transparency to healthcare and lowering drug cost for individuals and families across the county,” Mark Cuban mentioned within the launch. “We are excited to work with a like-minded company that aligns with our goals and puts improving access to affordable prescriptions first.”
Mark Cuban Cost Plus Drug and RxPreferred plan to develop to native impartial pharmacies sooner or later.
“There is an education component for employers and employees needed to help people and their families access the appropriate medications at the best possible costs and live healthy lives,” Jeff Malone, CEO of RxPreferred, mentioned within the launch.
In December 2022, Mark Cuban Cost Plus Drug Co. partnered with Kentucky-based EmsanaRx to make lower-cost medicines out there to employers.
The partnership got here as a response to a rising need amongst employers and healthcare purchases to cut back wasteful spending and improve transparency.
The Mark Cuban Cost Plus Drug Company was launched in January 2022 as a disruptor that goals to basically change the best way the pharmaceutical trade works. The firm now carries over 1,000 prescription merchandise, that are delivered by mail. It works with well being plans, managed-care organizations, pharmacy advantages managers and self-insured employers.
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