Post on 16-Dec-2014
description
RxNetwork Adherence Program
Complete 3 Step Medication Adherence SolutionRemind| Motivate| Enforce
Patient Relationship Management (PRM) Platform for Pharmacists, Providers, and Payers & Mobile App for Patients and Caregivers
RxNetwork LLC
Our Solution Overview of Integrated Solution hosted on the Cloud
Schedule Rx Remiders & refills.
Allocate rewards.
Patients and/or Caregivers
Via Rich Mobile App Or
Text to Web
Deliver alerts, rewards
And messages
Capture Dosage &
Behavior info
Pharmacies, ACOs & Providers
Via Web-based platformf
or API
Monitor drug usage.Track behaviors.
On the CloudRemindersRewards
Behavior DataMessages
Pharmacies Via Web-based
platform or API
RxNetwork LLC
Adaptive Reminders address patient forgetfulness via
geo-based and time based triggers
Patients gain instant gratification and are motivated to adhere to medications via
Rewards
Daily enforcement with real time data and messages sent
to patient when dosage is skipped
Our Solution 3 Step Approach to Improving Medication Adherence
Led By Pharmacies monitored by Payers, Providers And Hospitals
Remind Motivate Enforce
RxNetwork LLC
• Adaptive to Patient Adherence As patients take their medication and log it in the app, the frequency of reminders will decrease. I.e., reminders will not be sent as frequently when patient is adherent to medications and is entering usage in app. Thus creating an unobtrusive experience.
• Location and Time based TriggersPatients receive a notification when it is time to take or refill their medication. Notifications are also sent whenever patients are at their pharmacy location. This way they will be reminded to pick up their Rx before leaving your pharmacy.
• Integrated Medication SynchronizationIf patient forgets to take medication, or misses refill date, platform will automatically adjust the date for the next refill based on their usage data, and will synchronize with other medication refill dates.
Our Solution Step 1 - Remind
Features of RxNetwork Reminders:
FACT: Simply forgetting to take medications accounts for nearly 39% of all non-adherence cases
RxNetwork LLC
• Patients earn points and redeem them for rewards
Reward points for every on-time positive behavior.
Our Solution Step 2 - Motivate
FACT: Use of gamification techniques and rewards create instant gratification and is proven to have significant impact on patient medication adherence., according to
American Journal of Medicine.
• Customize point allocation RxNetwork member pharmacy is able to control of number of points that can be earned for each positive behavior
• Customize points and rewards for specific patient profiles
RxNetwork member pharmacy is able to target specific patients that need extra motivation or that need to be given targeted rewards For example: Diabeties patients can receive reward of x # of $ off insulin shots
Features of RxNetwork Rewards:
RxNetwork LLC
• Identify high-risk patients and send reinforcement message
Automatic reinforcement with educational message anytime patient skips medication
Our Solution Step 3 - Enforce
FACT: Pharmacists, Providers, and Payers need real time data in order to make quick interventions and significantly impact medication adherence
• Simple interface allowing efficient management of patients
RxNetwork member pharmacy is able to control of number of points that can be earned for each positive behavior • Ability to monitor: Start of medication dosage, Daily medication usage, Refills placed through app, Transferred patients, All Filled Rx
Features of RxNetwork Analytics:
RxNetwork LLC
The Solution Patient Relationship Management (PRM) Platform
iPad AppWeb
PortalAPIs
Design In progress.
Mar 2014 Beta Release.
Work in ProgressFeb 2014General
Availability
Work in ProgressMar 2014General
Availability
For Pharmacies, Payers, Providers, Hospitals And 3rd Party Providers/Integrators
RxNetwork LLC
The Solution PRM Platform – Web Portal Screens
RxNetwork LLC
The Solution PRM Platform – Web Portal Screens
The Solution PRM Platform Users
Pharmacy Users• 80% usage by pharmacy techs, pharmacy managers, etc.
• 20% usage by account administrator, pharmacist, pharmacy owner
Provider Users • Primary users are physicians, managers of ACO’s, hospital systems
Payer & PBM Users• Executives/Managers responsible for business operations
RxNetwork LLC
RxNetwork LLC
The SolutionConsumer Mobile App Screens
RxNetwork LLC
The SolutionConsumer Mobile App Screens
RxNetwork LLC
• Centrally Setup And Manage Partner Offers And Promotions via PRM Platform.
• Measure and Monitor success of promotions with targeted, profile based, on-demand reach
• Conduct In-App Marketing Campaign and reinforcement of medication adherence via “Messages”
The Solution Additonal Patient Engagement with “Messages” and “Deals”
The Solution Consumer Mobile App Users
Patient User• Individual Patient (over 18) can use app
Multiple User – One Account• Caregiver can use app to track his/her own medications, as well as
other patient(s) medication
Patient Caregiver User• Caregiver can use app to track patient’s medication
RxNetwork LLC
• Via Adaptive reminders that are location and time based.
• Via Gamification. Patients earn the most points each time they fill their Rx
Increased Rx
Transactions
• Via Rewards & Deals. Providing incentive for patients – not only to take their meds, but to stay loyal to your pharmacy
Gain Patient Loyalty
• Via Analytics, real-time data captured by patient behaviors on mobile app. Manage more patients, easily and efficiently with minimal effort.
Improved Efficiency
Value PropositionFor Pharmacies
RxNetwork LLC
The following slide depicts the problems in current pharmacy dispensing workflow that can be solved
with RxNetwork’s solution
Pricing Strategy (Proposed)For Pharmacies
Basic Tier 1 Tier 2 Tier 3 Tier 4No Of
Managed Patients /
Store
NA 1 - 100 101 - 400 401 - 1000 1001+
Subscription Fee/Store/
Mnth$99 $199 $299 $399 $499
Recurring Subscription Fees
RxNetwork LLC
Per Patient/Year: $8 - $10
Bulk subscription pricing available for medium and large size chains
RxNetwork LLC
Gross Profit/Rx $12.00 Avg Scripts/Patient/Month 4
No of Days Open 355 No of Days between Refill 45
Hrly Rate For Pharmacy Tech $15.00 Current Profit/Patient/Annum
$378.67
Total Prescriptions Filled/Yr 62,000 Total Prescriptions Renewed/Yr
34,000
Number of Prescriptions Dispensed/Hr
22 Additional time required by Tech Staff per script
30 secs.
RxNetwork Subscription Fee/Month
$299 RxNetwork Yearly Charges
$3600
No of Patients Enrolled 100Avg Days between refills 30 32 35 37 39 41
Additional Scripts Filled/Year
1578 1282 901 683 486 308
Additional Gross Profit/Year
$18,933
$15,383 $10,819 $8,188 $5,826 $3,694
ROI 422% 324% 202% 126% 61% 3%
With RxNetwork Adherence Program
*Assumptions derived using Data from NCPA
Value PropositionPharmacy ROI Potential
RxNetwork LLC
No of Patients Enrolled 200Avg Days between refills 30 32 35 37 39 41
Additional Scripts Filled/Year
3155 2563 1803 1364 970 618
Additional Gross Profit/Year
$37,866
$30,766 $21,638 $16,374 $11,651 $7,388
ROI 944% 749% 503% 352% 221% 106%
With RxNetwork Adherence Program
Additional Assumptions Using Data from NCPA • The Patients or Caregivers enrolled have access to Smart Phone or
Tablet Device
• Patients are enrolled into the program upon receiving their medications from store.
• Stores can identify the patients who have been late in refills by at least 15 days in a 30 day supply i.e. 45 days in between refills.
Value PropositionPharmacy ROI Potential