How does it work?
Based on the net total of your previous month’s HyVelocity Source Generic purchases, HyGen offers you a HyVelocity Wallet Program that can be spent on brand medications.
1. Generic Spend
Monthly HyVelocity Source Generic purchases determine your benchmark discount. Your benchmark discount is matched dollar for dollar in your HyVelocity Wallet Program.
| Monthly Generic Spend | Example Spend | Benchmark Discount | HyVelocity Brand Wallet |
|---|---|---|---|
| $3,000 - $9,999 | $5,000 | WAC -4 | $5,000 @ WAC -4 |
| $10,000 - $24,999 | $15,000 | WAC -5 | $15,000 @ WAC -5 |
| $25,000+ | $30,000 | WAC -6 | $30,000 @ WAC -6 |
2. Choose Your Discount
Choose your benchmark discount or any of the WAC discounts below or ask for a custom discount. The larger the discount, the smaller the wallet and vice versa.
on per unit saving
Secondary focus on compliance
on compliance
on compliance
3.Scenario
At the beginning of each month, you are presented with different brand wallet options based on your previous month’s HyVelocity Source Generic purchases.
Once you select your wallet discount, it will be uploaded to Remote Net, allowing you to browse HyGen’s branded catalog. You can mix and match any brands you dispense until your wallet balance is fully utilized.
| Example Spend | Benchmark Discount | WAC -8 | WAC -7 | WAC -6 | WAC -5 | WAC -4 | WAC -3 |
|---|---|---|---|---|---|---|---|
| $5,000 | WAC -4 | $1,597.22 | $1,937.50 | $2,447.92 | $3,298.61 | $5,000.00 | $10,104.17 |
| $15,000 | WAC -5 | $7,263.16 | $8,810.53 | $11,131.58 | $15,000.00 | $22,736.84 | $45,947.37 |
| $30,000 | WAC -6 | $19,574.47 | $23,744.68 | $30,000.00 | $40,425.53 | $61,276.60 | $123,829.79 |
Example Chart
Below is an example using just one product to demonstrate the flexibility of the HyVelocity Wallet Program
| Eliquis® 5mg TB 60 | Discount | ||||||
|---|---|---|---|---|---|---|---|
| WAC | WAC -8 | WAC -7 | WAC -6 | WAC -5 | WAC -4 | WAC -3 | |
| Price (WAC: $606.29) | $557.79 | $563.85 | $569.91 | $575.98 | $583.04 | $588.10 | |
| Example Spend | Benchmark Discount | # of Units | |||||
| $5,000 | WAC -4 | 2 | 3 | 4 | 5 | 8 | 17 |
| $15,000 | WAC -5 | 13 | 15 | 19 | 26 | 39 | 103 |
| $30,000 | WAC -6 | 35 | 42 | 52 | 70 | 105 | 210 |
HyVelocity Wallet calculator
Use the calculator to determine your HyVelocity Wallet amount.
How It Works:
Enter the Generic Amount and the WAC Discount, and the calculator will display the Brand Wallet value based on your inputs.