After 20 Years, a New Approach
The technology to control the full lifecycle of your pharmacy benefits plan. The first fully automated platform to manage bidding, contracting, and invoice reviews in real-time.
With TruBid, your RFP is managed in under 30 days and delivers the best benefit plan at the lowest price point. With TruGuard, you receive the oversight to enforce your contract and ensure your costs are accurate.
Truveris provides cost savings and ensures plan integrity. Our products can be implemented directly or through your existing consultant or broker.
Truveris new-to-market technology revolutionizes the pharmacy RFP process. TruBid is the only platform capable of an automated analysis with instantaneous financial and qualitative results. It can be implemented directly or with the help of your consultant or broker.
Expertise
Best-in-class contracting terms, standardized definitions, improved audit rights, and superior performance guarantees. For once, all bids priced using the same deal terms.
Efficiency
Technology to provide instantaneous contract pricing and deal rating. Utilizing your pharmacy claims data and standard bidding requirements, the RFP process is completed in 30 days.
Financial Analysis
Through the use of a reverse auction, competitive bidding ensures you receive the most aggressive pharmacy deal with average savings of 5-12% off total drug spend.
Reporting and Results
Objective scorecard with detailed output to substantiate vendor selection process based on qualitative and quantitative bids.
New Approach
New technology identifies overcharges prior to payment. Control cash flow and contain costs with real-time reporting instead of the “pay and chase” recovery model.
Efficiency
Automated patent-pending technology reviews and analyzes 100% of your claims data. No software to install, no impact to members, and no additional staffing requirements. Fast setup and fast results.
Reporting and Analytics
With each invoice cycle TruGuard reports the accuracy of invoices and creates a competitive advantage through analytics.
Compliance
TruGuard fulfills your fiduciary obligation by ensuring your plan and members are not being overcharged. Mitigate the liability of co-insurance, CDHP, and RDS.
CUSTOMIZATION
Ability to capture organization hierarchy (e.g. state, carrier, plan type, customer name, group ID, etc.) with customized account setup, user interfaces and reporting structures for any data size or range.
EFFICIENCY
Technology to provide instantaneous claims analysis at a rate of 40,000 claims/minute and business intelligence by automatically retrieving claims data from PBM invoices. Data is securely stored and managed utilizing a web-based platform with no software to install.
REPORTING AND RESULTS
Instantaneous ad-hoc reports on demand, including Utilization Trend Report, Drug Discount Report, Guaranteed Gap Report (guarantees for individual customers and/or PBM master contract), and customized reports (e.g. Top 200 Drugs Dispensed Report).
REPRICING ANALYSIS
Instant re-pricing of individual pharmacy benefit plans using internal claims history for existing clients or auto-mapped external data sets for new business. The system categorizes over sixty discreet variables to accurately model the bid and provide a profitability analysis.