1. The most innovative pharmacy
discount program for all employees
Your logo here
2. The IAML-RxCut Guarantee
We guarantee that your employees always receive the lowest
possible price for their medication at the pharmacy whether
that is their insurance copay, the pharmacy price or the RxCut
discounted rate. RxCut cardholders can use our web-based
pharmacy search engine or call our toll free number anytime
to find the lowest price.
3. Key Differentiators
• We are a Pharmacy Benefit Administrator, not a PBM, which means
– We pay pharmacies a better dispensing fee
– We pass all price savings and rebates to the employee, resulting in lower medication
costs and better refill rates
• We are the only provider who partnered with Google to develop our
proprietary technology platform
• We reduce direct pharmacy costs for self-funded employers because our
card can be used instead of insurance when RxCut is the lowest price
• We have full distribution capabilities of the discount card to employees
via mobile device, email, web (print-at-home) and traditional hard cards
4. How it Works
• We have contracted with 99% of pharmacies nationwide to ensure
employees receive the lowest price on medications
• Pharmacies like the program because it drives revenue generating traffic
to the store when employees pick up their medications
• Everyone wins: Employee pays the lowest price; pharmacy generates new
and repeat customers; drug companies get better compliance; companies
strengthen employee relationships with enhanced benefits at no cost;
companies reduce the overall annual cost of pharmacy claims
5. Uninsured: Those with no prescription benefits coverage
Underinsured: Those with high deductibles, limitations or exclusions
Insured: Anyone with prescription coverage with a generic copay of
$10.00 or greater
Below are actual pharmacy transactions from RxCut members. Not only was our pricing better than the
retail price but was also lower than a $10 generic copay. Pricing as of 1/29/2015
Benefiting Everyone
6. More Reasons to Provide to Employees
• We have the industry-leading pharmacy pricing search engine to assist
employees with finding the lowest price (see following screen shot)
• We provide free support to employees and pharmacies via our toll-free
helpline
• We provide a secure portal for employers to track all de-identified
transaction activity (see following screen shot)
8. Portal: Claim Detail Report
In this report, employers can find every piece of information about a transaction EXCEPT for the employee’s name. The
report will generate information such as date of purchase, name of the prescription, whether or not it is a U&C transaction,
whether it is a generic drug, quantity, retail price, the actual amount paid, savings, and the location of the pharmacy.
The data is refreshed every 24 hours for accurate reporting. You will know exactly how much your employees are saving, and
which transactions won’t hit your claims file if you are providing a self-funded prescription benefit.
9. Summary
• No cost for employer to participate in or distribute the RxCut Plus
discount program, which can be branded with the company name as a
free health benefit
• Full administrative, technology, branding, marketing, and customer
supported provided to employer/employee at no cost
• A win-win program that provides a significant employee benefit and
strong halo effect for the employer’s brand
10. Who to Contact
Scott H. Schroeder
Vice President
IAML Services, Inc.
450 Newport Center Drive, Suite 390
Newport Beach, CA 92660
(949) 760-1700
