Paxit versus Bingo Card Cost Savings Actuarial Review

This document is an actuarial review that analyzes the cost savings generated by the Paxit dispensing system compared to the traditional Bingo Card dispensing approach. The review references multiple studies and statistics to support its findings, concluding that the Paxit system can achieve cost savings of approximately 11% of total drug spend, which translates to at least $32 PMPM for nursing home patients. The Paxit system employs a daily dosage dispersion method, which significantly reduces drug waste and minimizes errors in drug administration. The review discusses two recent studies conducted in 2024/2025, which utilized a concurrent control methodology to compare the effectiveness of the two dispensing methods. It also references a third study from 2013 that corroborates the findings of the more recent analyses. The document emphasizes the actuarial soundness of the studies and the importance of the methodology used in assessing the financial impact of the Paxit dispensing system in senior care facilities.