Episode 15 – Bill Resnick | EmpiRx

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Topics:  

  • Pharmacy Care Manager vs. Pharmacy Benefit Manager
  • Misaligned Incentives
  • Formulary and Clinical Program Alignment
  • Rebate Chasing
  • Medication Adherence
  • Cost Savings
  • Concierge Service

In this episode, Michael introduces you to Bill Resnick who is the Chairman and CEO of EmpiRx Health, a revolutionary Pharmacy Benefit Management company. Join us as we discuss EmpiRx Health’s unique model of pharmacy care management and its impact on decreased pharmacy utilization, increased cost transparency and ultimately, lower healthcare costs.

Here’s a glance at what we discuss in this episode:

  • Bill Resnick’s background and how he went from working for large insurance carriers and PBM’s to launching his own consulting agency and ultimately EmpiRx Health
  • How perverse incentives in the PBM and drug industry drive higher costs
  • Defining transparency in prescription drug pricing and the healthcare industry
  • Understanding the intricate roles of Pharmacy Benefit Managers, Drug Manufacturers, Pharmacies and Physicians
  • How EmpiRx Health’s model is different from the traditional pharmacy benefit manager
  • How EmpiRx Health is trying to address the employer’s total net cost and clinical outcomes
  • The importance of looking beyond the prescription drug discounts and rebates  
  • How EmpiRx Health uses sophisticated pharmacy analysis, benchmarking and pharmacists to identify inefficienct client spend
  • The difference between traditional PBM discount guarantees and EmpiRx Health aggregate and PMPM  cost savings guarantees
  • How EmpiRx Health engages providers to ensure appropriate medication usage
  • EmpiRx Health’s concierge service model and how they are equipped to steer the patient to the lowest cost option and empowered to create a better consumer experience
  • EmpiRx Health’s fee structure and who they are a good fit for
  • EmpiRx Health’s website: http://www.empirxhealth.com/

About the Host, Michael Menerey

Michael Menerey is a Senior Vice President and Benefits Consultant with one of the largest Employee Benefits Brokerage & Consulting firms in the country. He is a partner in the Employee Benefits Practice and works in the Los Angeles office.

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