Author: Levrx

Unlocking ERISA Compliance: Levrx’s Answer to the J&J Lawsuit!

The recent lawsuit against Johnson & Johnson (J&J) has quickly become a hot topic. Allegations suggest that J&J failed to uphold its fiduciary duty by overcharging employees for generic drugs within its self-funded health plan, leading to significant financial burdens and limited wage growth for employees. Under the Employee Retirement Income Security Act (ERISA), employers […]

Introducing the VeracityRx App: Bringing The Power of AI To Prescription Drug Savings

Troy, NY, January 31st 2024  – Veracity Benefits, a leading health strategy company dedicated to collaborating with brokers to help self-funded employers save money while improving the quality of care, is thrilled to announce an innovative partnership with Levrx Technology, an AI innovator in healthcare technology. Together, they are introducing The VeracityRx App, a groundbreaking […]

Understanding the Escalating Cost of Prescription Drugs

Over the past decade, prescription drug spending in the US has more than doubled, surpassing $500 billion in 20231 and projected to rise by 38% through 20282. This financial strain is not merely a statistic; it’s a harsh reality for many Americans. A 2020 study by the Kaiser Family Foundation revealed that 1 in 4 […]

Removing the Blindfold: Better Medication Decision-Making

Imagine this: You’re at a grocery store, picking up ingredients for your family dinner. As you stroll through the aisles, you gather the essentials for a delicious spaghetti dinner. But here’s the catch – you have no idea what the prices are until you reach the checkout counter. It’s like grocery shopping blindfolded, hoping your […]

Tap, Compare, & Save

Tap, Compare, & Save. The background is a map with two location icons, indicating one pharmacy is more expensive than the other.

Historically, switching pharmacies was a manual and time-consuming process. Even with the potential for savings, it’s a task that is avoided because of the hassle. Everything else that you purchase has been made easier with mobile apps. For example, you can easily find which gas station has the best price near you with a few […]

Levrx Introduces a Game-Changing Pharmacy Shopping Experience

[Troy, NY] – Today marks a significant milestone as Levrx Technology revolutionizes how consumers can save by comparing their medication costs across different pharmacy locations. Most consumers select their pharmacy based on its proximity to home or work, unaware that prices can vary within their insurance benefit. Just like shopping for any other product, comparing […]

Eliminating Disruption in Self-Insured Plans

Self-insurance is a powerful solution for employers to lower their spend and control their insurance plan. It gives employers control of plan design, networks, and cost management programs. While the intention of customizing your pharmacy programs can help lower cost, it results in member disruption and negative experiences. Levrx’s Transformative Approach: Levrx Technology supports the […]

Unleashing the Power of AI on Healthcare

Artificial Intelligence (AI) has seamlessly integrated into our daily lives, becoming an essential part of our routines. It enhances convenience and accessibility by powering personalized shopping experiences, optimizing social media algorithms, and improving healthcare diagnostics. As a society, we are heavily influenced by the advancements in AI, by its use in ads, online searches, articles, […]

Navigate Pharmacy Surprises with Confidence

A trip to the pharmacy can be a stressful experience when you don’t know what to expect. Meet Sarah. She recently avoided the stress that comes with the unknowns at the pharmacy counter with her Levrx Member App.  Like many, Sarah is on multiple medications to manage her chronic conditions. On her most recent pharmacy […]

Drexi Partners With Levrx Technology to Empower Members to Find the Best Prescription Prices

Phoenix, AZ and Troy, NY– Drexi, a cutting-edge pharmacy benefit manager, has announced a new partnership with Levrx Technology Inc, a digital health technology company that drives prescription efficiencies and maximizes savings. Powered by the digital Levrx platform, Drexi members will have the ability to seek out lowest prescription prices and make more informed decisions […]

The Member Experience is More than Pharmacy

I recently presented at the Children’s Hospital Association HR Benefits Forum. During the conference, I learned about challenges with employee communication and retention from HR and Benefit leaders. To retain employees, innovative benefits and programs are being implemented. However, as more programs are added, it becomes increasingly difficult to deliver personalized messaging to larger and […]

Digitally Increase 340B Prescription Capture Rate

The 340B program was created to help qualified entities reduce the cost of outpatient pharmaceuticals for patients, allowing for the expansion of comprehensive health services to the communities they serve. To support the continuity of care for underserved patients, it is essential to increase and maintain 340B capture rate through domestic and contract pharmacies. Hospitals […]

Technology is Not a Trend

Controlling pharmacy costs and mitigating risk has always been a priority for plan sponsors. In my time as a pharmacy benefit consultant, I worked with employers and hospitals to implement ideas and programs that aligned with their goals. While these programs are a strategic success, they cause member disruption and require time-consuming manual processes that […]