Employers Health is working alongside Archimedes, the industry leader in specialty drug management solutions, to offer its 500+ plan sponsor clients comprehensive specialty management.
Specialty drug costs continue to increase for self-funded plans, eclipsing $100 per member per month before rebates. Used to treat rare conditions such as cancer, autoimmune conditions like rheumatoid arthritis and dermatological conditions like plaque psoriasis, specialty drugs account for over 50% of a plan’s spend while only treating 1% to 2% of its population. While the largest PBMs offer integrated specialty pharmacy dispensing and clinical management protocols, some plan sponsors are looking to disaggregate and manage the spend separately.
“There’s a lot of attention on specialty drugs, and clients are looking for innovative options to manage this growing spend,” says Mike Stull, chief sales officer at Employers Health. “We searched the market for the best solution and believe Archimedes is the right fit for our clients in terms of its ability to manage spend, its clinical approach and the great team that’s committed to patient and client satisfaction. Additionally, we’ve seen the results in action and are excited to bring Archimedes to employers looking to curb specialty spend.”
Archimedes CEO Heather Sundar said the new relationship reflects growing demand among employers for specialty drug management solutions, which combine clinical rigor, transparency and cost accountability.
“Employers are looking for more than incremental savings,” she said. “They want confidence that their specialty pharmacy strategy is delivering the right clinical outcomes at the lowest possible net cost. We’re proud to work with Employers Health to give plan sponsors access to an independent specialty drug management solution that aligns incentives, removes conflicts of interest and helps make prescription drug benefits more affordable and sustainable over the long term.”
Employers Health clients who wish to learn more about options to manage specialty spend, including through Archimedes, should contact their Employers Health representative.
About Archimedes
Archimedes is the industry leader in specialty drug management solutions. Founded to help transform the pharmacy benefit industry through greater alignment, value and transparency, Archimedes delivers superior results by eliminating common conflicts of interest, including drug spread, rebate retention and pharmacy ownership. Through rigorous clinical management and an independent approach focused on the lowest net cost, Archimedes helps plan sponsors improve affordability while maintaining access to high-quality care.
