Validation Institute’s assessment of WithMe Health confirms significant savings, both through improved pricing and usage impact, for plan sponsors moving from traditional PPE
SAN MATEO, California., September 6, 2022 /PRNewswire/ — WithMe Health (or “WithMe”), a digital health company that offers pharmacy benefits management (PBM) and medication counseling services, today announced it has reached Validation for Savings by the Validation Institute. This is an important third-party validation of WithMe’s ability to reduce pharmacy costs per member per month (PMPM) by 29% for confident customers moving from traditional “staggered” PPE to WithMe’s transparent, pass-through model and personalized medication guidance maintenance. This is another critical step in WithMe’s mission to disrupt the PPE industry.
Switching to WithMe Health PPE delivers 29% pharmacy savings, confirms Validation Institute
The Validation Institute is known for its work verifying health care company claims, with a special focus on disease-specific interventions and drug spending in the pharmacy. The Institute’s mission is to help the industry and its customers substantiate which solutions in space have a real impact. “We conducted a thorough analysis of WithMe data to validate customer claims about WithMe savings. We found that WithMe Health delivers results $27.10 lower cost per member per month for pharmacy benefits than traditional pharmacy benefit managers,” said Benny DiCeccaValidation Institute CEO & President.
WithMe Health’s savings are driven by a significant impact on usage, not just better network rates and discounts. Customers achieve 4.5x-6x ROI, depending on customer-specific all-inclusive administration costs. Additionally, with a unique focus on member experience, WithMe has a Net Promoter Score of 85, which is a significant improvement over typical PBM scores. WithMe’s purpose-built operational CRM, the “Guide App”, enables member behavior change through proactive alerts and interventions, with the support of their pharmacist-led medication guide team.
WithMe Health was founded in 2018 with investments from Oak HC/FT, OMERS Ventures and Cox Enterprises. The company has since been a leading innovator in reconstructing the PPE business and delivery model to better meet the needs of their customers by eliminating conflicts of interest.
“We are proud to be recognized for our business model and impact,” said WithMe Health CEO Joe Murad. “Pharmacy is a complicated space in which the Validation Institute is helping to bring greater clarity. We hope this validation will make it easier for our customers and partners to understand the significant savings we can achieve for them.”
Shane GiulianiVice President of WithMe Health, said, “We talk a lot about the need for a new, better PPE business model. We built that with discipline and no shortcuts. We tailor incentives to customers, improve member experience, and yield significant savings. Our team at WithMe Health is proud to prove this is possible, further substantiated by this Validation Institute study.”
The Validation Institute report on WithMe Health’s savings can be found here.
About WithMe Health
WithMe Health’s mission is to change the PPE industry and medication counseling for the better. Our business model is designed to fully align our goals with those of our customers, eliminating the many conflicts of interest that often arise in a sponsorship relationship with a PPE plan. Our signature innovation is our personalized medication guidance program, a people-led, technology-enabled clinical team focused on use management. Through proactive involvement, we are able to realize savings and improve both results and member satisfaction.
About Validation Institute
Validation Institute is a professional community advocating for organizations and approaches that deliver better health value – stronger health outcomes at a lower cost. We connect, train and certify healthcare buyers, and we validate and connect healthcare providers who deliver superior outcomes.
Founded in 2014, the mission of the organization has always been to provide transparency to healthcare buyers. To bolster our offerings and provide additional credibility around our service, the Validation Institute recently announced a “credibility guarantee” that gives customers of validated solution providers a $25,000 Guarantee. This warranty confirms that a validated solution provider will achieve what the validation language on a marketing claim claims to achieve.
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