More than ensuring proper pricing, NPS discount cards — and the system supporting them — enable split-second review and warning about life-threatening drug interactions, potential allergies, improper doses, duplicate therapies, and more.
It’s about safety and savings
The retail pharmacy market has been inundated with drug cards that claim to offer significant discounts on medicine for ‘free.’ Though these cards are not a form of insurance, they may help reduce prescription medication costs. Likewise, NPS helps individuals save money by giving them group purchasing power.
NPS maintains a network of more than 66,300 chain and independent pharmacies nationwide, and they’re all contracted to provide a fair price for prescription drugs. By leveraging this network, the NPS plan ID cards do much, much more than your basic drug discount card.
As an NPS plan member, current prescription price is compared with the allowable price (discounted member price). If a member’s current price is lower, they keep that price. If their current price is higher, the pharmacy reduces their price to the membership rates instantly through the use of NPS technology.
The same cost containment drug formulary process that has been successfully used by hospitals and other managed care organizations is incorporated into NPS plan ID cards.
Drug Utilization Alerts
One of the primary benefits of enrolling with NPS is the integration of a comprehensive drug utilization review. At the time of enrollment, members will be asked to complete a questionnaire about their health. This information is provided on a voluntary basis and is used for medical purposes only. It will never be sold or otherwise distributed. This information is used to create a profile which includes vital health, allergy, and disease information. By providing the information, pharmacists and physicians may make better decisions about care provision. For example, an NPS plan ID card can trigger alerts for harmful medication interactions, contraindications due to age, improper dosing, etc.
Explanation of Benefits (EOB) Reports
This is how NPS delivers on the promise to put benefits, the prices paid, and the reasons why members are paying those prices in plain sight. Mailed to member homes twice a year, EOB reports detail amounts charged, paid out, and who was paid, along with valuable information about alternative products that could deliver even greater savings. This is also a great tool for reviewing prescription history.