The traditional supply chain for prescription medication drives up the cost of prescription medications with middlemen and hidden fees. The system is in desperate need of an overhaul. From this problem the concept of a concierge pharmacy was born.
Concierge pharmacy takes its inspiration from concierge medicine, in which a patient pays an annual fee to a physician in exchange for services. Likewise, a concierge pharmacy offers certain goods and services for an annual fee.
This flat rate, per-person membership fee is independent of both the cost of the medication regimen, as well as the number of medications taken by an employee, and is paid by the employer to the concierge pharmacy. In exchange for the fee, the concierge pharmacy provides medications at true acquisition price with no mark-ups to the employer and no co-pay for the employee. Pricing is both transparent and predictable.
This new approach to pharma benefits is designed to remove the middlemen that drive up the costs of medications. Additionally, shifting the focus from individual prescriptions to individual patients allows concierge pharmacies to be radically transparent in their medication pricing.