Quantum Health showcased expanded capabilities during its sold-out Quantum Health Connect conference in Nashville, Tennessee. These advancements reflect a focus on “addressing the most urgent challenge facing employers today: reducing total cost of care while improving outcomes and the member experience.” A major priority of this announcement is achieving significant pharmacy cost reduction across both medical and pharmacy benefits.
“From pharmacy to advanced therapies to specialty care, employers are seeing costs rise across every front,” said Saurabh Kumar, Chief Financial Officer at Quantum Health. “In our conversations with CFOs and HR leaders, it’s clear they’re feeling increasing pressure to not just bend the cost curve, but reduce total spend. With these new solutions, capabilities and partnerships, we’re giving employers the flexibility to solve their toughest challenges in ways that reflect their own needs, populations and strategies.”
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The company introduced a first-of-its-kind model featuring capabilities powered by industry expertise from Aradigm and Scripta Insights. The partnership with Aradigm “transforms what was an unpredictable, multi-million-dollar claim experience into financially predictable spend through a clinically optimized, risk-pooled cell and gene therapy model.” Meanwhile, the integration with Scripta Insights provides decision support across “more than 17,000 medications.” These innovations in pharmacy cost reduction deliver “estimated additional pharmacy savings of $7-8 per member per month.”
Jen McClain, Vice President, Total Rewards at Hertz said: “At Hertz, we’ve seen that when you make care simpler and more connected, employees engage earlier, make better decisions and ultimately drive better outcomes.”
Crystal Meyer, 2nd VP of HR Total Rewards at Ameritas, said: “We’ve encouraged our associates to use Quantum Health as their advocate because there’s a strong focus on preventative care and early detection. It’s someone independent they can trust, especially during complex health issues. That approach, combined with removing barriers to care, has helped us manage cases.”
By providing a single point of contact and driving sustainable behavior changes, Quantum Health aims to maximize the value of existing pharmacy benefit designs. This focus on pharmacy cost reduction protects employers from excessive spending on treatments like cell and gene therapies, which can cost as much as $4 million. The platform continues to evolve to meet the needs of more than 500 clients and 20 million members.
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News Source: Businesswire.com
