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
- August 5, 2020
The Gist of J Code Drugs
The way drugs are billed when they are dispensed by a doctor’s office or an infusion center is different than …
- August 3, 2020
What’s Going on with the Largest Pharmacies and Pharmacy Benefit Managers?
There’s a lot of talk about vertical consolidation of healthcare plans with PBMs. But have you considered what this means …
- July 29, 2020
Open to Closed: The Difference in Formularies
There are two basic drug formularies pharmacy benefit managers offer to self-funded employers: open and closed. Knowing the difference can …
