Increased concern for proper risk assessment and pharmacy cost forecasting has created the need for better processes to understand drug cost trends and anticipate program threats.

PSRx provides guidance and tools used by top actuaries for enhanced underwriting and improved pharmacy risk assessment. Our product - PSRxCAST - accurately evaluates prescription drug decisions and activities.

PSRxCAST evaluates 100% of historical pharmacy claims and eligibility data that uncovers a number of key findings to include:

• Quickly and accurately re-price claims costs for:
• New PBM pricing offers
• AWP pricing adjustments
• Enhanced plans or new plan designs
• Any formulary changes
• Mail-Retail-Specialty or 90 day Retail by drug type and / or provider
• Compare historical claims cost against industry benchmarks

• Measure trend by utilization and ingredient costs
• Model pricing with any user defined assumptions

PSRxCAST User Experience Assures Actuary-based Confidence
PSRxCAST provides automated factor development and continuance tables that shorten the timeline from data input to forecast projections. PSRx Advisors also offers full implementation support with input from advanced user experience to assure optimal use of PSRxCAST.