A Prescription for Managing the Impact of High-Cost Medications
Event Recap | November 13, 2019
About the Event
A Discussion with Leaders From Across the Pharmaceutical Supply Chain
Indiana business and Human Resource professionals attended an educational summit presented by Apex, “A Prescription for Managing the Impact of High Cost Medications,” on November 13, 2019. Employers understand that a diagnosis of cancer or a debilitating chronic disease among their workforce could result in the need for lifesaving, high-cost medications that can wreak absolute havoc on their organizations’ finances. Attendees wanted to be better informed — and better prepared for managing their risk.
Those in attendance had the opportunity to:
- Hear from employers that have felt the pain of meeting their employees’ needs
- Discuss practical solutions to manage costs of large Rx claims today and in the future
- Ask questions of experts from Eli Lilly and Company, Cigna/Express Scripts, Swiss Re and Apex Benefits
- Take away ideas for providing the best pharmacy benefits to employees at the most affordable costs
Review event recaps, videos and other event-related information below.
KEYNOTE PRESENTATION: See what Apex VP of Strategic Solutions and ApexRx Jim Harenberg challenged attendees to consider as they search for Rx benefits solutions that balance the needs of their employees with the needs of their companies. Fans of Star Trek will recognize that need for balance as an analogy to, “The needs of the many outweigh the needs of the few. Or the one.”
Webinar | Entire Event
See what experts from across the Rx supply chain had to say about mitigating the risk of high-cost claims.
KEYNOTE PRESENTATION: See what Apex VP Jim Harenberg challenged attendees to consider as they search for Rx benefits solutions that balance the needs of their employees with the needs of their companies. Fans of Star Trek will recognize that need for balance as an analogy to, “The needs of the many outweigh the needs of the few. Or the one.”
PANELIST REMARKS: Senior Vice President of Diabetes Care at Eli Lilly and Company and President of LillyUSA Enrique Conterno “In the case of preventative medicines, we … ensured that those medicines are covered from the very first dollar. And in fact, … our employees, they will basically have zero copays starting January first given how important we think this is for patients.”
PANELIST REMARKS: Cigna/Express Scripts CMO Stephen Miller, MD “We need to create benefit designs that are simple, predictable, and affordable. And if we do that, the patient can actually get good care at affordable costs.”
PANELIST REMARKS: Cigna/Express Scripts CMO Stephen Miller, MD “We’re trying to create an enormous risk pool … so we’re letting other health insurers join in with us … because, in the end, it’s the right thing to do for society, no copays for the patients, lower costs for you in reality.”
PANELIST REMARKS: Vice President of Business Development of Swiss Re Corporate Solutions Joseph Byers “Based on the speed and technological advances of the medical field and the Rx field, we’re seeing more and more million dollar claims. It’s not an anomaly anymore.”
PANELIST REMARKS: Apex VP Jim Harenberg represented the views and concerns of the employer “The contract that you signed between yourself and … your pharmacy benefit manager is really your portal into accessing some of the innovative approaches (discussed today).”
Employer Testimonial | Buchanan Group
EMPLOYER TESTIMONIAL: Ted Mau, Senior Vice President/CAO and Secretary/Treasurer – Washington Park Cemetery Association, Inc. of Buchanan Group, shares an employer perspective on the impact of high-cost medications on an organization’s culture and finances. Hear how Buchanan Group manages the pain of meeting employees’ needs and is preparing now to avoid high-risk claims.
DOWNLOAD THE WHITEPAPER
A Bitter Pill to Swallow
By Jim Harenberg, CPBS, Apex Benefits VP of Strategic Solutions and ApexRx
Employers are worried about the financial impact prescription medications are increasingly having on their bottom lines. They want to do what’s best for their employees in providing access to the medications they and their loved ones need to live a high quality life. But at what cost to the company?
Blogs | More Pharmacy Benefits News from Apex
Event Speakers and Moderator
Event Host & Moderator
Apex Benefits General Counsel and VP of External Affairs