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Rethink: The Future of Benefit Verification

The lure of new technology with the potential for faster, more efficient and accurate processes that enhance the patient and provider experience is driving the need for innovative benefit verification solutions. With no fully automated solution in existence today, learn why success requires rethinking the approach and when/how electronic benefit verification (eBV) works best.

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Rethink: The Future of Benefit Verification

  1. 1. RETHINK: The Future of Benefit Verification eBV’s role in the patient and provider experience
  2. 2. 1. The Basics The benefit verification, or BV, is a critical step in a patient’s treatment journey. It occurs after a patient is prescribed medication but before a patient can receive the medication. The BV provides information about a patient’s coverage, their out-of-pocket responsibility for a medication, and it can set in motion additional steps that impact the patient’s speed to therapy. Quality review Qualitative guidance Eligibility Check Product Benefit Determination Coordination of benefits A comprehensive BV includes five components:
  3. 3. – Mark Spykerman SVP, Lash Group “Clinicians have told us they just want a seamless process from the time medicines are prescribed to the time patients receive it …anything less disrupts care. So a well-executed BV must always put patient needs first.”
  4. 4. 2. The Challenge Today, most BVs in the United States are performed by reimbursement counselors via phone calls to payers. That adds up to millions of calls each year to support millions of patients. What obstacles exist for scale, speed, efficiency and effectiveness?
  5. 5. 3. The Thinking No surprise: manufacturers and their partners look to technology to accomplish each of the five core components of a comprehensive BV. Referred to as electronic benefit verification, or eBV, it aims to make the BV process more efficient without negatively impacting its effectiveness. When successful, these solutions increase accuracy and speed to therapy while reducing manufacturer costs. “When successful” is the key qualifier…
  6. 6. 4. More to the Story Today, no fully automated solution exists to address all five components of a comprehensive BV for all types of products and patients. Why? Diversity of Products and Payers Products in new classes of treatment, or introduced into new or unfamiliar sites of care, create provider uncertainty and BV complexity. Lack of System Connectivity Automated components often do not integrate data effectively to create a single, actionable view—which can cause delays or missed information.
  7. 7. 5. Rethink: Approach If the goal is to continue to enable appropriate access to therapy with speed and clarity for every patient, then it’s important to recognize that not all eBV solutions are created equal. Positive disruption in BV, then, doesn’t mean moving from fully manual to fully automated—it means moving to a model fully built around patient and provider needs; one that results in a better patient and provider experience. Here’s how it works best: 1 2 3 Artificial intelligence and machine learning algorithms mine real-time data and determine coverage. Coverage predictions are continuously modeled. BVs are processed real-time, on-demand. BVs are sent to counselors for manual intervention. Evaluate complexity High-tech for "high confidence" High-touch for "low confidence"
  8. 8. 6. Rethink: Results With a BV approach built around the patient and provide experience, success metrics shift from sheer efficiency and automation to more holistic measures that impact business outcomes and patient outcomes. What does technology-empowered BV success look like? Strengthen brand loyalty Increase speed to therapy Decrease time and intervention required from providers and patients to clear access hurdles Improve accuracy of benefits information for providers Minimize financial hardship for patient and providers
  9. 9. 7. Rethink: Next Steps As eBV continues to evolve and mature, it becomes a more useful tool for more products and patients. For now, wise manufacturers ask three primary questions when considering solutions: 1 Is my product a good fit for eBV? 2 How do I incorporate eBV into my overall reimbursement offering? 3 What’s my ability to monitor accuracy rates of eBV? What to consider: High BV volume Relatively mature product Stable coverage environment Payer mix
  10. 10. EBV_Slide_ Lash Group, the leader in patient support services and an AmerisourceBergen company, provides eBV solutions tailored to the goals of your product and the needs of your patients. In collaboration with a network of technology partners, Lash Group delivers a comprehensive set of solutions to address the evolving requirements of patient care. Start a conversation to learn more. Learn More

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