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Mailorderpharmacies have exploded in popularity in recent years, but many pharmacists and patients are starting to notice something isnt quite right. A major factor driving this boom is the influence of Pharmacy Benefit Managers (PBMs), who manage prescription drug benefits for healthcare plans, Medicare, and large employers.
Ultimately, this insight can help ensure your company and your employees are getting the greatest value from your pharmacy benefits plan. Understanding pharmacy benefit management and drugpricing The U.S. prescription drug supply chain is extraordinarily complex. To better understand it, see the below diagram.
Theyre blamed for everything from insurance issues and drug shortages to skyrocketing drugprices, while the credit for the lives they save often goes unnoticed. When local pharmacies close, patients are left scrambling, sometimes relying on mail-orderpharmacies or traveling long distances for their medications.
It’s important for employers to understand how and why costly things like this happen and what to do to avoid them – especially when deciding how to design the right pharmacy benefit plan , negotiate a PBM contract and evaluate plan performance.
We negotiate the lowest pricing in our network of retail pharmacies, mailorderpharmacy and specialty pharmacy partnerships. Excellent member experience It’s hard to lower your pharmacy costs if your members aren’t getting adequate support to follow their therapies correctly and start feeling better.
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