Patent ID: 8521551

Claim:
A method comprising: receiving, by a processor, a processing request to process spend and trend for a prescription drug plan, prescription drug plan having a plurality of members, the request including an a time period indication associated with the spend and trend; in response to receiving the processing request, accessing, by the processor, prescription drug plan data of at least some of the plurality of members during a time period associated with the time period indication; calculating, by the processor, an overall cost of a plurality of prescription drugs paid for under the prescription drug plan during at least a portion of the time period based on the accessed prescription drug plan data to calculate the spend; calculating, by the processor, a rate of change in prescription drug spending for the plurality of members of the prescription drug plan during at least the portion of the time period to calculate the trend, the trend including a medication trend, an annual trend, a utilization component of trend, a drug mix component of trend, a member cost share component of trend, a discount component of trend, an inflation trend, or combinations thereof; determining, by the processor, whether an option to reduce the overall cost, the rate of change, or the overall cost and the rate of change is available; generating, by the processor, a display based on calculation of the overall cost and the rate of change and the option, the display including an indication of the option and differences between the option and the prescription drug plan; receiving, by the processor, a selection of a performance metric for a parameter of the prescription drug plan; comparing, by the processor, the performance metric for the parameter to prescription drug plan data associated with the parameter to determine whether there is a deviation between the performance metric and the parameter; when the deviation exists and the option is available to reduce the deviation, generating, by the processor, an additional display including the option to reduce the deviation between the prescription drug plan data associated with the parameter and the performance metric; receiving, by the processor, a simulation request to simulate a change to the prescription drug plan, the change being based on implementing the option with the prescription drug plan; performing, by the processor, a plurality of calculations to simulate the change to the prescription drug plan; and generating, by the processor, a further display including an indication of simulation of the change to the prescription drug plan based on the plurality of calculations.