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Payer Matrix

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Payer Matrix Products (4)

   
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Genetics Informed Drug & Treatment Guidance

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Patient Advocacy

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Pharmacy Benefit Provider

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Specialty Drug Management

Product Description

Payer Matrix’s Precision Medication Compatibility (Pharmacogenomics) program leverages the science of genetic testing to help providers select medications that are safer and more effective for each individual. Only those genes that affect how the body processes medications are tested, with a simple and painless buccal (cheek) swab. Making sure members... Show More

About this product

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Payer Matrix’s Precision Medication Compatibility (Pharmacogenomics) program leverages the science of genetic testing to help providers select medications that are safer and more effective for each individual. Only those genes that affect how the body processes medications are tested, with a simple and painless buccal (cheek) swab. Making sure members are on the right medications and dosages for their individual drug metabolism profile can prevent adverse events, reduce trial-and-error prescribing, and lower healthcare costs - potentially saving thousands per member per year.

We offer a PEPM model, and use claims data to identify those members who are most likely to benefit. Population analysis allows us to give ROI projections on how much the Plan could benefit from implementing a PGx-informed Comprehensive Medication Management Program. Our dedicated clinical team coordinates with members and providers to ensure appropriate implementation of any pharmacist-recommended medication adjustments, with the white-glove service we are known for. Management continues with ongoing review of claims data to identify new candidates, alerts when new medications with PGx guidance are prescribed, and retrospective analysis. All testing is performed by CLIA-licensed laboratories.

Min. Group Size

100 eligible

Lives Serviced

2,400

Average Cost

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Payer Matrix Info

Founded:

2016

Funding Summary:

Not Provided

Location:

Media, PA

Links:

Employees:

203
Payer Matrix was founded in 2016 as we saw a critical need for a solution to address the rising specialty drug costs and their impact on plan budgets. We focus on patient advocacy, with the goal of providing a substantial... Show More

About this vendor

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Payer Matrix was founded in 2016 as we saw a critical need for a solution to address the rising specialty drug costs and their impact on plan budgets. We focus on patient advocacy, with the goal of providing a substantial cost saving to our clients and members who may not otherwise have this type of discounted access to the affordable drugs they need.

Our founder and the senior management team have considerable experience in the healthcare industry, focused on specialty pharmacy, home infusion, and employee benefits. Our experience gives us the unique ability to provide specialized patient advocacy services and ultimately reduce the drug spend to the plan (and membership) in a meaningful way. As a company, we've invested in our people, infrastructure, and processes to ensure consistent and quality service. All services are performed in-house by dedicated Payer Matrix employees, with a high-touch, white glove approach.

We aim to deliver quality specialty care management to members, and impactful savings to plan sponsors.

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