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Levrx is a forward-thinking software company transforming the healthcare experience one prescription at a time. Levrx connects providers, patients, pharmacies, and payers on a single platform to make prescribing easier and more affordable.
Fremont, CA: AdhereHealth, a healthcare technology company that drives prescription efficiencies and maximizes savings, formed a new integration partnership with Levrx Technology Inc today. This digital health technology company drives prescription efficiencies and maximizes savings. By integrating Levrx's plan-specific and real-time prescription insights into the Adhere Platform's Medication Optimization solution, their combined solution enables health plans and self-insured employers to realize immediate pharmacy cost savings and near-term medical cost reductions.
The rising cost of pharmacy is one of the most significant challenges in American healthcare. According to the Centers for Medicare and Medicaid Services (CMS), prescription spending for private insurance and state-run programs was $348.4 billion in 2020, according to the Centers for Medicare and Medicaid Services (CMS), and is expected to reach $560.3 billion by 2028. As total costs continue to rise, member cost-sharing increases, as does concern medication non-adherence. According to statistics, at least 12.8 million adults delayed or did not obtain prescription drugs in 2018-19 due to cost.
"When prescriptions exceed $125, more than half of them are abandoned at the pharmacy," said Jason Z. Rose, CEO of AdhereHealth. "Our Medication Optimization solution now includes formulary cost savings analytics and technologies,
which address lower-cost medication options for the patient, health plan, and employer, thanks to our collaboration with Levrx. These insights can be used by care teams to improve medication adherence and deliver immediate and long-term cost savings."
The Medication Optimization solution, anchored within the Adhere PlatformTM, generates insights based on medical claims, pharmacy claims, and direct patient and provider engagement to identify patients at high risk of non-adherence automatically. To prioritize high-risk patients and guide personalized outreach, the system generates targeted analytics that is updated daily and integrated into various clinical workflows. Predictive analytics insights provide actionable insights to care teams as they engage high-risk patients to close critical medication optimization gaps.
AdhereHealth can now increase its impact by incorporating prescription formulary opportunity analytics into its data-driven medication optimization workflow, thanks to the addition of Levrx capabilities. The Adhere Platform uses these analytics to notify clinicians when lower-cost alternatives are available. As a result, the provider is given the authority to proactively coordinate with the patient and the provider to prescribe the appropriate medication, reduce non-adherence, and improve health outcomes. The Adhere Platform's analytics, on the other hand, is integrated into Levrx Practice AppTM technology workflows for providers.