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Prescription Networks – Three That Everyone Can Use

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Two Prescription Networks That I Use and One Helpful One From the Past

Prescription networks, (also known as pharmacy networks)  have evolved over the years due to tech and the internet.  In most of the website posts, I do not recommend companies to use, unless I have used them myself.  A few years ago (2015), I recommended the prescription network BidRx.  I will cover it again along with two other networks.

Check out this associated article where NCCI shows a reduction in Workers Comp spending for prescriptions since 2012.

One network saved me almost $8,000 on one Rx last year. The other two remain difficult to value due to multiple medications.  Those two have also provided extensive savings.  None of these require health insurance.  Let us look at each network along with links to their websites.  I then will comment on their adaptability for workers comp.

Please note that J&L Risk Management Consultants nor myself receive no royalties or any payments for recommending these networks.

pic spilled pill bottle prescription network
Wiki Public Use License – Mpelletier1

Recommended Prescription Networks For Savings

Bidding Network

BidRx was mentioned by Clark Howard in a few of his posts in 2015.    I decided to try the network in 2015.  It worked well.  The bidding part was unique at the time.  Check the link to the website in the first paragraph of this article.   Mail-order pharmacies will bid on your prescriptions once you list them on the website.

One Payment Covers Unlimited Rxs

One network that I am using presently is the multiple-award-winning DiRx.  The website has the option to pay one price ($110) for as many prescriptions as you need (mailed quarterly).  Even though I have health insurance that covers prescriptions, DiRx was much cheaper than the co-pays and deductibles during the year.

The company even sent the first prescriptions in a gift box with a thank you note – nice touch.  If you do not need a large number of medications, then DiRx still provides competitive pricing with free shipping.

As I have not used them for a long period, I will provide an update for any negative occurrences, which I doubt will happen.

Massive Savings With This Prescription Network

We have all seen the commercials where the person walks in and is quoted a huge price by the pharmacy.  The person then pulls out a GoodRx card where the price reduces from multi-hundreds of dollars to under $20.    My experience included dramatic savings in the same scenario as the commercials. I had picked up one of the GoodRx cards at my physician’s office.

I was quoted $685 for a 30-day prescription.  The GoodRx card reduced the price to $18.75.   Using quick math, ((685 – 18.75) * 12) = $7,995 for a year for just one medication. (wow). This was the most dramatic savings I had seen for any of the prescription networks.

Adaptation To Workers Comp

I am not an expert in Rx networks.  Any time that I see where an employer’s workers comp costs can be reduced without sacrificing the level of care for injured workers, an article will be produced to point out how to save costs/premiums.   I reduced my own potential Rx payouts from almost $10,000 per year to under $200 by searching for alternative prescription networks.   Adapting that to another line of insurance should not be that difficult.  An old adage – there is always a cheaper deal.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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