Pharmacy Benefit Management

The goal of our pharmacy benefit management (PBM) program is to provide plan participants access to affordable medications used to treat chronic diseases and acute diagnoses. Since 1995, our collective strategy for Rx benefits has a proven track record of delivering aggressive financial performance for Employers Health clients. By engaging with best-in-class suppliers and having an objective opinion separate from the suppliers – CVS Caremark, OptumRx and EnvisionRx – the Employers Health PBM program provides market-leading pricing and terms, while protecting each plan’s unique features. Through 2018, the PBM program…

  • Has approximately 215 individual plan sponsors headquartered in 34 states
  • Collectively spends more than $1.5 billion on pharmaceuticals

PBM PURCHASING STATISTICS

$1.5Billion in Annual Spend
215Participating Groups and Growing
Covering more than
1 million lives
in all 50 states
The realized savings over time is greater than most plans can achieve on their own. Plan sponsors get the most from the PBM relationship, while implementing their own plan design strategies, managing vendors or working through established consultants.

In addition to exceptional customer service and account management services, participating members tell us they value:

Clinical oversight

Clients benefit from staff pharmacists who regularly provide information on topics such as new drugs, generic launches, plan design strategies and overall trends based on actual plan data. At no additional cost, members benefit from first-hand knowledge and having their best interest represented with vendors.

Plan Oversight

We’ve built a dedicated team to enhance results and improve the participant experience. Our account management team works as an extension of the benefits team providing a first-class experience for employer members. We work with the PBM to proactively monitor trend and implement custom solutions to benefit your plan and its participants.

Contract Oversight/Audit

With five staff attorneys, member organizations can be sure that all contractual and legal aspects of vendor contracting and auditing are covered. All recoveries resulting from a no-cost independent third-party audit are passed back to the plan sponsor. Additionally, plan sponsors can connect their legal department with the Employers Health legal team to answer questions and work through negotiations.

Data Analytics/Reporting

In addition to reports from vendors, clients benefit from objective ad hoc reports to help interpret plan performance metrics. Member organizations are also able to receive assistance with reviewing projected budget numbers or advice on plan design changes.

Networking & Learning Opportunities

There is much to be learned from colleagues and peers. One of the most valued benefits of membership in Employers Health is the opportunity to engage with, share and learn from other like-minds. Member organizations benefit from dozens of learning and networking opportunities each year.

Added Benefits

As a leading employer-led purchasing coalition, member organizations have access to benefits that most direct-to-vendor relationships are unable to leverage. The team at Employers Health helps facilitate these relationships and looks for every opportunity to bring added value to the equation.

Interested in our leading PBM Program?

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