ILMEDS - 3x3x3 Challenge with Theo Symons
ILMEDS is an Israeli international pharmacy offering low-cost, high-cost, specialty, and maintenance drugs for self-funded employers with transparent pricing and fast delivery.
Transcript:
What is ILMEDS?
The American healthcare system is broken. One of the primary reasons for that is astronomical prescription costs with little to no transparency on how they get to those prices. We are here to change that. ILMEDS is an Israeli based international pharmacy acting as a vendor for all types of self-funded employers. We focus on high cost, specialty, and maintenance drugs, offering unbeatable prices based on a cost plus model. In the name of transparency, we share our full formulary with anyone who asks. And in addition to being a tier one country, we are able to maintain an average transit time of just one week from dispatch to the delivery for your member or patient.
How is ILMEDS different?
If you are already familiar with importation strategies, our differentiator is the price. Simply put, we are the cheapest option in the market for high cost, specialty and maintenance drugs. We don't discriminate based on your group size. Whether you are 10 lives or 1,000 lives, with ILMEDS, you will pay the same price. Some key examples of common high cost drugs are Stelara for $3,500. Humira at $875. And Farxiga, called Forxiga internationally, for only $100. These prices represent between a 50% and 80% reduction from the domestic list price.
Who is a good fit for ILMEDS?
We work with self-funded employers, PBMs, who are trying to lower RX spend, plan sponsors looking for better options for their members, and any third party administrator that works with self-funded groups.
Transcript:
What is ILMEDS?
The American healthcare system is broken. One of the primary reasons for that is astronomical prescription costs with little to no transparency on how they get to those prices. We are here to change that. ILMEDS is an Israeli based international pharmacy acting as a vendor for all types of self-funded employers. We focus on high cost, specialty, and maintenance drugs, offering unbeatable prices based on a cost plus model. In the name of transparency, we share our full formulary with anyone who asks. And in addition to being a tier one country, we are able to maintain an average transit time of just one week from dispatch to the delivery for your member or patient.
How is ILMEDS different?
If you are already familiar with importation strategies, our differentiator is the price. Simply put, we are the cheapest option in the market for high cost, specialty and maintenance drugs. We don't discriminate based on your group size. Whether you are 10 lives or 1,000 lives, with ILMEDS, you will pay the same price. Some key examples of common high cost drugs are Stelara for $3,500. Humira at $875. And Farxiga, called Forxiga internationally, for only $100. These prices represent between a 50% and 80% reduction from the domestic list price.
Who is a good fit for ILMEDS?
We work with self-funded employers, PBMs, who are trying to lower RX spend, plan sponsors looking for better options for their members, and any third party administrator that works with self-funded groups.