Truveris Secures $25 Million in New Funding to Help Reduce Cost and Improve Access to Prescription Medications | Digital Journal

“Truveris’ data-driven platform enables employers to create a more symmetrical buying process for prescription drug coverage by demystifying pricing strategies in PBM contracts and driving more transparent competition,” said Tom Rodgers, SVP & Managing Director at McKesson Ventures. “It also helps Biopharma make smarter decisions about where and how it subsidizes patient assistance programs. The net effect of both is a win by improving access and affordability for payers including employers and consumers.”

Truveris Cloud-Based Technology Platform Spans the Entire Pharmaceutical Ecosystem

The Truveris technology platform aggregates data and insights from across the pharmacy ecosystem to deliver disruptive cost savings as well as patient access and affordability solutions for employers, unions, government entities, pharmaceutical manufactures, retail pharmacies and consumers. The company works with more than 350 customers including nearly 30 labor unions.

The Truveris TruBid® solution provides a level playing field where clients can understand and shop for pharmacy benefit manager (PBM) contracts so they can make smarter decisions about their members’ prescription drug coverage resulting in an average cost reduction of 11%. TruBid includes continuous bill review that analyzes every claim for accuracy of pricing and contract terms. The State of New Jersey recently used the Truveris platform to save $1.6 billion on its prescription drug benefits.

Truveris also supports more than 25 pharmaceutical brands with designing, executing and monitoring integrated patient access strategies that address ever-changing market dynamics. These solutions deliver unique programs that drive patient behavior, track performance and utilize real-time insights to improve prescription fill rates, drug adherence and patient outcomes.

The company also works with the nation’s largest retail pharmacies to improve savings opportunities for cash paying patients. Its consumer app, OneRx, allows both insured and uninsured users to instantly research drug and pharmacy prices to identify the drug offering and the best value to meet their medical needs.

Read complete article here:

Truveris Secures $25 Million in New Funding to Help Reduce Cost and Improve Access to Prescription Medications – Press Release – Digital Journal.