Medtipster, the search engine that helps Americans find generic drugs on discount programs in their neighborhoods, introduces new PEPM Program with instant ROI to help self-insured employers save
“Employee Access” feature on www.medtipster.com offers self-insured employers the unique ability to reward their employees for making smart purchasing decisions on their prescription medications.
Troy, MI – Jan 5, 2011 – Many pharmacies now offer generic drugs at discounted prices often for as little as $4. However, each chain pharmacy has its own discounted drug list, making it difficult for consumers to determine which pharmacies offer their generic drugs, and at what price.
Medtipster, the company that helps Americans instantly find prescription generic drugs available on discount generic programs from pharmacies in their neighborhoods, has introduced a new per-employee/per-month (PE/PM) pricing program whereby they provide an instant return on investment to self-insured employer groups of their TPA/payer clients. Medtipster, a privately held company, is working with clients across the U.S. to achieve best-in-class generic discounts and utilization.
“We created Medtipster to make it as easy as possible for employees to learn how they can save on their generic drugs and other prescription medications,” said Jason A. Klein, President of Medtipster. “By simply visiting Medtipster.com and entering their drug, dosage and zip code, they’re instantly provided with a list of pharmacies that offer their generic drugs on a discount program in their neighborhood. Hand the pharmacist a voucher printed off our employee access page and the medication is free. Employees can’t beat free and employers can’t beat the $18 per claim savings average.
In addition to a prescription price comparator, Medtipster offers a flu shot vaccination locator, providing employees with pharmacies and mini clinics where they can receive the seasonal flu vaccines in their zip code. The site also provides brand coupons on medications unavailable as a generic.
Medtipster (www.medtipster.com) was developed to provide the public with a solution to the rising cost of healthcare. Using Medtipster’s proprietary technology, consumers simply type in their drug name, dosage and zip code, and instantly find prescription drugs available on discount generic programs, and where they can find them right in their own neighborhoods. Many of these drugs are available for $4 or less. Prescription drugs that are not on a discounted generic program often have therapeutic alternatives that are. The vast majority of all medical conditions can be treated with drugs available on one of the discount generic drug programs available on Medtipster. Headquartered in Troy, Mich., Medtipster is the brainchild of five Michigan executives, who combined their collective experience of 100 years in the pharmaceutical industry to provide Americans with substantial savings on their prescription drug and healthcare expenses.
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