As a team of benefits strategists, we work hard every day to make sure we’re exceeding client expectations and providing the most innovative and value-generating plan designs and advisory services.
What We Do
Prescription drugs are one of the most complex aspects of employee benefits. To maximize your drug program’s effectiveness and minimize the drain on your bottom line, our team helps you manage the impact of escalating pharmacy benefits costs by increasing the transparency and terms of Pharmacy Benefit Management (PBM) contracts.
We find savings because we know where to look. And we know how to ensure discounts, rebates and other manufacturer-derived revenues pass through to the ultimate funders of healthcare – the employers – instead to the PBMs’ profit margins.
HOW WE’RE DIFFERENT
We offer the most experienced pharmacy benefits consulting team of any Indiana-based benefits advisory firm. Our team of Certified Pharmacy Benefit Specialists (CPBS) conducts PBM contract assessments to identify cost saving opportunities that can translate into additional revenue for your organization. With our experience we’ve been able to save our clients an average of 50% on their Rx benefits costs – without shifting costs to employees and with zero or very few disruptions to their benefits plans.
Services
Uncover Found Revenue Through Savings
CONTRACT HEALTH ASSESSMENTS
Our CPBS team will review your PBM contract to assess its strength and transparency and assign a score from A to C. With your contract health score in hand, our team audits your entire Rx benefits program to identify cost-saving opportunities.
SOURCING & CONTRACTING
Once the contract assessment is completed and action plan determined, the team sources better pricing from the current or new PBM companies. The team also ensures the commitments made are written into a strong, transparent PBM contract.
IMPLEMENTATION
Working with the PBM, third-party administrator and your team, we will guide your plan implementation from set-up to go-live. We work with you and your employees to manage the transition and minimize any potential disruption.
CUSTOMIZED MONITORING
Monitoring is a crucial tool to ensure you get what you pay for. We offer a range of customized reporting, analysis, market check/monitoring and audit services to make sure the pricing and performance of your pharmacy benefits remain aligned with the contract terms.
How Much Could You Save?
*Depends on your current contract and benefit design, covered population, medication mix and current market pricing.
Pharmacy Team
High-Cost Rx Event Recap
Global Rx Experts Share Knowledge
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. Event attendees wanted to be better informed — and better prepared — for managing their risk. View the page linked below for thought leadership and practical tips from executives from Eli Lilly, Cigna/Express Scripts, SwissRe and Apex.
PHARMACY BENEFIT SAVINGS
$150,000 Potential Reduction in Rx Claims
As a self-funded organization, the rising cost of providing healthcare benefits was creating a financial challenge for a company with several employees who required high-cost drug regimens. A potential savings of 43% of the previous year’s Rx spend was identified.
Recent Posts
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July 16, 2021
The Perfect PBM: Does it Exist?
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 …
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July 13, 2021
Better Benefits in 90 | Kinetiq Health Pharmacy Benefits Consulting Program
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 …
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July 9, 2021
Walmart’s Life- and Cost-Saving Insulin
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.
