Citi introduces the new Citi Flu Card payment solution

Citi launched a new product called the Citi Flu Card which is a corporate healthcare payment solution from Citi’s Global Transaction Services. The Citi Flu Card allows employers to reduce employee healthcare spending by shifting the administration of flu shots from doctors’ offices or on-site clinics to more cost effective pharmacy locations. It does not require prepayment, and restricts use to flu vaccinations at over 17,000 pharmacies and clinics nationwide including CVS/pharmacy, Rite Aid, Target, MinuteClinic, The Little Clinic and any of the Kroger Family of pharmacies.

Implementing the Citi Flu Care card, employers can direct vaccinations towards lower cost retail channels, significantly reducing the average cost per vaccination by 63%. This means substantial and immediate savings for the company and a convenient, no cost alternative to the employee, says the official statement.

The Citi Flu Care card uses patent-pending technology that allows employers to pay for flu vaccinations only at the time they are administered. This eliminates the need for prepayment giving employers greater control over the total program cost.