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On-Line, Priceline Style Rx Auction House
HR Specialty Products & Services Catalogue Executive Summary
A No Frills Distillation of Vendor’s Marketing Collateral
Thomas A Ference
President & CEO
Human Resources Mining & Distribution Co
Locating, Validating and Accelerating HR Innovation
Office: 219-662-0201
Cell: 630-240-2583
Fax: 219-661-0236
e-mail: [email protected]
Website: www.hrmdco.com
On-Line, Priceline Style Rx Auction House
-On-line competitive marketplace for Rx where pharmaceutical manufacturers
first compete with choice of product
-Pharmacies then compete by bidding prices down and offering services to
obtain patient’s business
-Middle man gets eliminated
-Site shows original script cost vs. outcome-matched therapeutic alternatives
with full-price transparency
-Can be mail order, pick up or special delivery.
-Can be coordinated with PBM, implemented as a stand alone consumerism
tool or voluntary EB for part time employees
-Milliman study showed 9.5 % savings overall even if no bidding
-Recent comparison to large PBM-42% savings on generics, 51% savings
overall with bidding option fully utilized
Site Feature: Initial Comparison
Site Feature: Final Bids
Next Steps• This product/service is contained in the HR Specialty
Products & Services Catalogue™ • Operational level details about this particular service
provider can be obtained in conference with the vendor• The HR Mining &Distribution Co. is an independent and
contracted representative of the vendor• Upon your request, we will arrange for an introduction
that can range from a simple, quick conference call to a services overview / system demo
• Tom Ference 219-662-0201 (Chicagoland area) or [email protected]
• Thank you for your potential interest in this fresh thinking
