Universal Rx's provides management reporting packages for all of our Clients; Employers, TPAs, Brokers or Consultants. There are three main management reporting packages provided by Universal Rx.
The Universal Rx Executive Quarterly Reporting Package is provided to all Employer Clients, TPAs and Broker/Consultants. Semi-annual and annual reviews are performed on-site to review the data in detail.
The Universal Rx Executive Monthly Reporting Package provides a snapshot of summary data on a monthly basis.
The Universal Rx Claims Utilization Reporting Package is delivered to the client every two weeks and included with the billing. This package provides information needed to determine claims trends.
Universal Rx offers an extensive data warehouse of management reports along with PBM tools to provide employer clients information on their plan’s performance.
Management reports offer both detail and summary information specific to the utilization and trend performance for the plan. A small sample of such information available includes: total claims, total incurred dollars, total plan paid dollars, total co-payment, total brands purchased, total generics purchased, total generic potential, total generic potential savings, top utilized drugs, and top utilizing members.
Below are just a few samples of the approximately 60 different online reports available at no cost to our clients.
In addition to the reports listed above, Universal Rx has a Reporting Team who specializes in developing reports when data is needed. This team develops any needed reports and provides them to the client at no additional cost.
A tremendous amount of effort is put into the development and sharing of data with clients, vendors, consultants and third parties as we understand how important it is in evaluating the performance of the plan. This allows the proper modifications to the plan design to ensure plan goals are met.
Universal Rx has long made it a practice to safeguard the confidentiality of the personal health information of its clients’ members. The Health Insurance Portability and Accountability Act (HIPAA) of 1996 has advanced this effort by implementing privacy standards throughout the healthcare industry.
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Universal Rx • 710 3rd Street • Roanoke, VA 24016 • Phone 540-777-7179 • Fax 540-777-7184 • Email urx@universalrx.com