We’ve spent over 20 years mastering pharmacy data. Our goal?
Make RxDC compliance stress-free, help you spot hidden drug costs, and save you real dollars on health plans. Our tools and tips empower you to:
Pinpoint vendor margins that drive higher prescription costs
Track trends in pricey drugs to enhance contract negotiations
Understand rebates so you align the proper formulary and copay structure
Plus, our user-friendly process lets busy Third Party Administrators and Healthcare Brokers breathe easy.
We handle the gritty details—so you don’t have to.
Your Independent RxDC Reporting Entity
Rx Data Collection
Premium Data Submission
We submit your Plan Sponsor Premium Data to meet RxDC compliance, potentially saving you thousands on compliance fees!
RxData Advantage
We collect, analyze, and submit your pharmacy data, providing valuable insights to help you maximize your benefits.
TPA Submission Services
We customize our services for TPAs and healthcare brokers seeking a streamlined process that prevents overwhelming their teams with paperwork.
RxDC (Prescription Drug Data Collection) compliance requires health plan sponsors to submit 10 data files annually to the Centers for Medicare & Medicaid Services (CMS). These files contain medical and pharmacy spending data for the previous calendar year and must be submitted by June 1st of the following year.
Health plan sponsors are responsible for submitting the required data. However, for insured health plans, the responsibility is shared with the insurance carrier. In many cases, Third-Party Administrators (TPAs) and Pharmacy Benefit Managers (PBMs) submit some or all of the data on behalf of the plan sponsor.
The first RxDC submissions covered Calendar Years 2020 and 2021, with reports due to CMS by December 31, 2022. Starting with Calendar Year 2022, submissions are required annually by June 1st of the following year.
One of the required RxDC files (D1 - Premium and Life Years) requires plan sponsors to report:
The Average Monthly Premium Paid by Members
The Average Monthly Premium Paid by Employers
Since most carriers and TPAs do not bill premiums directly to members, they rely on plan sponsors to provide this information. For help calculating these amounts, click [here].
Self-funded plan sponsors who have not been involved in RxDC submissions should take the following steps:
Contact your TPA and PBM to confirm how they have managed compliance in past years.
Reach out to us at [email protected] for expert guidance and assistance.
In rare cases, an insurer may have completed the submission without contacting the plan sponsor, but it’s always best to confirm compliance in writing.
Yes. All non-federal government health plans are required to comply with RxDC through annual submissions. If assistance is needed with file preparation and submission, our team at Rx Data Collection can help. Contact us at i[email protected] for support.
Yes. PBMs have traditionally not disclosed key data required by RxDC, such as drug margins and rebate details. Additionally, maintaining multiple years of RxDC data helps track spending trends, which is critical for controlling drug plan costs.
Many PBMs set aside contractual funds to cover external costs related to the pharmacy benefit. In most cases, Rx Data Collection can access these funds, which often go unused, to cover the full cost of RxDC compliance for the plan sponsor.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard.