AscendPBM offers prescription benefit management services, helping organizations design and administer pharmacy programs. Their solutions aim to optimize medication costs and improve patient outcomes through tailored strategies.
Funding
Funding not disclosed
Founders
Product
Problem
Rising healthcare costs and complex pharmaceutical landscapes make it difficult for organizations to manage prescription benefits effectively, leading to increased expenses and suboptimal patient outcomes. Traditional pharmacy benefit management models often lack transparency and fail to align incentives, resulting in inflated drug costs and missed opportunities for savings.
Solution
AscendPBM offers customized prescription benefit management services designed to optimize medication costs and improve patient outcomes. By aligning pharmacy and medical benefits, AscendPBM bridges financial and care-based decisions, providing innovative solutions that deliver value to employers, advisors, and members. Their approach includes compassionate care coordination, clinical expert support, and ongoing monitoring to ensure cost containment, improved quality, and a positive patient experience. AscendPBM's services encompass formulary management, pharmacy network management, and specialty pharmacy solutions, all aimed at reducing overall healthcare spend and enhancing member well-being.
Target Audience
AscendPBM serves employers, benefit advisors, and plan sponsors seeking to optimize their prescription drug programs, reduce healthcare costs, and improve patient outcomes.
Features
- Customized formulary management with options for open, managed, and highly managed formularies
- Access to a network of over 65,000 pharmacies nationwide, including major chains and independent pharmacies
- Specialty pharmacy solutions for managing high-cost specialty medications
- Mail order pharmacy services for convenient home delivery of maintenance medications
- Clinical consulting services to identify trends and ensure appropriate medication utilization
- Complimentary claims-level data analysis to identify savings opportunities
- Pharmacogenetic testing to personalize medication choices and dosages
- Prior authorization and compounding strategies to control costs and ensure safety