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Archive: Pharmacy Benefits
July 16, 2021
The perfect PBM does not exist, because no PBM might be perfection. However, that is unrealistic knowing that there are more than 20,000 prescription drugs on the market at any one time, more than 65,000 retail pharmacies out there in …
July 13, 2021
Does your organization take an active approach to saving money through its pharmacy benefits program? You’d be surprised at the potential cost saving opportunities that exist. At Apex, our Kinetiq Health Pharmacy Benefits Consulting Program just does that — save …
July 9, 2021
Walmart recently released its own brand of analog insulin for people with diabetes to boost its pharmacy business and compete with Amazon’s recent push to sell more medications.
July 8, 2021
If you’re managing a self-funded healthcare plan in 2021, chances are you know about specialty medications and how they can devastate a pharmacy benefit budget. Specialty drugs are becoming more common, so your organization needs to have a plan for …
July 7, 2021
What is spread pricing? It’s how PBMs make money at the expense of you paying more money for your prescription drugs. Apex Chief Operating Officer Jim Harenberg gives an example of spread pricing and why customers should combat it in …
June 29, 2021
Jim Harenberg, Apex Benefits COO, discusses what 10-30% savings on pharmacy benefits means to your company in real dollars.
May 14, 2021
This new search tool includes pricing of 60,000 pharmacies across the US, according to the blog post and link above. Naturally, as a pharmacist, I was curious so I took this search tool for a test drive today to check …
May 6, 2021
While some individuals and their employers have obtained medications through personal importation that appear to reduce the drug’s cost, the savings results are not universal and there are other considerations that as a pharmacist I think every employer and their …
April 7, 2021
Apex Benefits, Indiana’s largest employer health benefits advisory firm and services provider, is proud to announce the addition of two more employees to its Kinetiq Health team of Certified Pharmacy Benefits Specialists. Advisor Mark Goodpaster and Senior Account Executive Joni …
March 31, 2021
Chances are if you manage a self-funded health plan, you know how important specialty meds are to your overall costs. The complex administration of these high-costs drugs can be intimidating. But as an HR administrator, you shouldn’t be as there’s …
March 14, 2021
Less is more, right? When it comes to pharmacy benefits, this is absolutely applicable. It’s called Lesser of Language, or language in your PBM contract that instructs PBMs must use the lowest price of a drug on the market when …
February 19, 2021
Have you ever caught yourself forgetting what a certain acronym stands for? There’s so many in the world that we’re bound to forget one on occasion. It’s the same with the acronyms in pharmacy benefits.