Download presentation
Presentation is loading. Please wait.
1
Meeting Title Monday, February 15, 2016
2
Lives Reached 60 Million Lives! January 2017 13,375 Pharmacies!
3
KEY BENEFITS INCREASED STAR RATINGS INCREASED ADHERENCE INCREASED REVENUE We design and deliver software to improve adherence, loyalty, Star Ratings and services to facilitate collaboration for population health, gaps in care and transitional services. BENEFITS OF SOFTWARE BENEFITS OF SERVICES Adherence Population Health Loyalty Gaps in Care Star Ratings Transitional Health
4
FACTS 4% 2.5 2.7 32% JUST THE INCREASE IN 4 MONTHS TIMES MILLION
One 1,000+ member PSAO increased its overall Star Ratings from 3.1 to 4.1 in the first year of working with PW 32% INCREASE 4% IN 4 MONTHS One 30+ store pilot group increased its overall Star Ratings from 3.9 to 4.1 in just the first 4 months of working with PW 2.5 TIMES 2.7 MILLION One 80+ store pilot group using PW proved patients were 2.5 times more adherent than the control group of patients using the same pharmacy One 500+ member GPO showed an increase of 2.7 Million fills year over year while working with PW
5
Rural Health Professional Shortage
6
MEDICARE PATIENTS 4x as likely HOW ARE YOU OPTIMIZING
10,000 people turn 65 each day Open Enrollment is a ‘bonding’ moment Most plans will have DIR Proactive outreach for 65+ patients 73% of patients are in preferred network Rate plans based on best interest scenarios 4x as likely TURNKEY SOLUTION Integrated into your Patient Engagement Center PROACTIVE OUTREACH Proactive outreach to drive enrollment EASY PLAN IDENTIFICATION Easy identification of the best plan for the patient and pharmacy SAVE TIME No wasted time inputting current drug regiment DONUT HOLE Identify co-pays throughout the year based on the ‘donut hole’ TO BE A CUSTOMER 12 MONTHS AFTER A PLAN REVIEW
7
COMMUNICATIONS AUTOMATED, DIGITAL Voice of the Pharmacist
Record messages to be sent to patients, helping providers deliver timely information with a personal feel without hiring any additional staff. Relevant Messaging Easily deliver messages which are important and relevant to the patient: Clinical Refill Reminders, Birthday, Will Call Bin, Special Events etc. Pharmacy Loyalty Results High Touch Utilize behavior analytics, selective segmentation and market-tested campaigns to improve adherence and loyalty. VOICE OF PHARMACIST: Send out over 400,000 automated digital communications in one week Record messages to be sent to patients, helping providers deliver timely information with a personal feel without hiring any additional staff – we do it for them because they don’t have time to stop and pick up the phone and make the calls themselves RELEVANT MESSAGING: Easily deliver messages which are important and relevant to the patient Clinical Refill Reminders, Birthday, Will Call Bin, Special Events etc. Pharmacy Loyalty Results High Touch Utilize behavior analytics, selective segmentation and market-tested campaigns to improve adherence and loyalty. More stats: 94% of patients listen to 75% of the message Calls are send out Tuesday-Thursday for Clinical Refill reminders 20% of live calls answer, press 1 1/3 of patients respond within 5 days and fill 3 prescriptions For every call, we see an extra fill with in a week Series of communications – delivery timely relevant information IVR only calls when you want the patient to do something – not for creating a relationship HAPPY BIRTHDAY NEW PATIENT WELCOME WILL CALL BIN MANAGEMENT QUARTERLY EVENTS ON-DEMAND CAMPAIGNS CLINICAL REFILL REMINDERS
8
BEHAVIOR CHANGE DRIVING SIGNIFICANT PREDICTORS OF MEDICATION ADHERENCE
Personal connection with pharmacy Continuity with care provider Age Importance of taking as prescribed Leverage the voice of authority. A generic reminder saying that your prescription is overdue does NOT have the same impact as a message from the community pharmacist whose voice is: recognizable and can deliver a sense of emotion and concern. This ties into the Principle of Authority. Studies show that people are more likely to comply with a request when it comes from an expert. That means you’re more likely to make a change in your eating habits, medication adherence, or even begin an exercise program if comes from someone like a Pharmacist who is perceived to be an expert in the health field. Note: People have more access than ever before to information. However, the internet and digital media “overloads” people with conflicting information and different opinions. People instead prefer to get information from a perceived expert who they trust has gone through the proper research and investigation channels to learn the correct information on their expertise field. Asthma or other lung conditions Informed about own health Ease of affording Rx Rx causes side effects
9
FILLS PER DAYS 15.5 6 MONTH CASE STUDY
My First Template 6 MONTH CASE STUDY FILLS PER DAYS We followed 161 pharmacies’ fills from Jan - June 15.5 MORE FILLS PER DAY!
10
PW TOOLS EMPOWERING PHARMACY’S CONVERSION MONEY FEE FOR VALUE
Vaccine Complete PrescribeMedicare MONEY StarWellness FEE FOR VALUE FEE FOR SERVICE Pharmacy Growth TIME
11
PrescribeMedicare $150K $80K $200K ANALYSIS OF 1600 ELEVATE PHARMACIES
Out of Pocket Savings Gross Profit Opportunity Gross Profit Opportunity PATIENTS PHARMACY Difference between an average plan and the best plan Difference between an average plan and the best plan Show patients the plan where they save the most
12
PATIENT ENGAGEMENT CENTER
ONE PLATFORM FOR ALL PHARMACEUTICAL STAKEHOLDERS ADHERENCE, LOYALTY, STAR RATINGS, REVENUE STAR RATINGS, STANDARDS, COSTS 30,000 community pharmacies serve over 100 million Americans 133 million Americans have at least one chronic disease CREATING VALUE APPLICATIONS Pharmacy Growth, StarWellness, PrescribeMedicare Population Health, TCI $6 billion increase in drug spending can address the $290 billion cost of medication non-adherence $50 PMPM can significantly reduce the $1 trillion spent on preventable health care costs BUILDING BLOCKS PATIENT ENGAGEMENT CENTER Move from Pill Centric To Patient Centric APIs / DATA FEEDS Third party data: Immunications, MTM opportunities, Labs COMMUNICATIONS Voice of Authority: Text, , Mobile Apps, Devices CONSUMER-DRIVEN HEALTH, TOOLS, RESOURCES TECHNOLOGY BASE SPECIALTY MEDS, ADHERENCE, TARGETING, DATA DATA CLOUD Star Ratings, Predictive Analytics, Scores & Algorithms Over 50 million Americans are caregivers with no healthcare experience Pharma spends $141 billion on research and development and $4.5 billion on advertising Tools are needed to help consumers who are spending $3.46 trillion on health care Pharmacogentics and personalized medicine benefit from the massive data collected at retail
13
PERFORMANCE The PrescribeWellness Way: MANAGEMENT QUADRANT I
(Strong Performance / Great Attitude) QUADRANT II (Decent Performance / Great Attitude) QUADRANT III (Strong Performance / Bad Attitude) QUADRANT VI (Poor Performance / Poor Attitude) Source: First Break All the Rules by Markus Buckingham and Curt Coffman
14
2016 GOALS 01 02 03 04 05 Retention and Satisfaction
92% retention. through Q1 = 92.5% roof top 100% revenue 02 Engagement and Utilization 500K patients enrolled Q1 = 116K 03 Pharmacy Expansion 10K active Q1 = 5035 active 04 New Verticals 3 payer contracts Q1 05 Introduce 3-4 new modules 4 slated by end of summer 2016 GOALS
15
PRIDE ORG UPDATES NEW PEOPLE NEW PROCESSES NEW PRODUCTS
SAME CORE VALUES PRIDE
16
BE READY TO CHANGE QUICKLY CHANGE HAPPENS CHANGE ADAPT TO
They keep moving the cheese. They keep moving the cheese. Move with the cheese. ADAPT TO CHANGE QUICKLY ENJOY CHANGE Savor the adventures and enjoy the taste of new cheese. The quicker you let go of old cheese, the sooner you’ll be enjoying new cheese. ANTICIPATE CHANGE Get ready for the cheese to move. MONITOR CHANGE WHO CUT IT Smell the cheese often, so you know when it’s getting old. Keep walking and they’ll never know it was you.
17
Thank You.
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.