The process to procure a pharmacy benefit management (PBM) solution has always been notoriously complex, arduous, and opaque. With increased scrutiny on PBMs – from both governmental bodies and plan sponsors – it is more important than ever to know, with confidence, that you are working with an aligned, transparent PBM that places the plan and your members’ benefits above everything else.
That’s why Bridget Mulvenna (VP of Business Innovation at Capital Rx) hosted a webinar on March 21, 2024, where she discussed 5 strategies that plan sponsors/fiduciaries, benefits managers, and other industry professionals can employ to improve pharmacy plan spend and the way PBMs are evaluated.
Bridget discussed how and why drug mix is the highest predictor of total plan cost, why interviewing PBMs with aligned models and transparent pricing is key, how controlling the over dispensing of drugs, with respect to auto refills, can affect a plan’s bottom line, and much more.
https://www.cap-rx.com/insights/5-ways-to-improve-your-pbm-procurement-process-in-2024-2
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