By simply applying PBD’s lower negotiated rates to the plan’s current formulary, this municipality
achieved a 18% cost savings with PBD compared to their previous PBM spend.
Our direct contracts and relationships with drug manufacturers can lead to a cost savings of at least 8-to-10% for employer groups without the need to make a formulary change.
In addition, we can provide contractual and formulary flexibility other PBMs cannot, or will not,
offer. For small-to-mid size plans, larger PBMs will not allow custom formularies or contract with
pharmaceutical manufacturers for just one plan. Smaller, white-label PBMs operating under the
management of the largest PBMs do not have the flexibility to change their contracts, limiting
formulary options. This is where PBD’s nimbleness and ability to customize for you matters.
As pharmacy cost continue to rise, it will be critical to partner with a transparent PBM that can
leverage its relationships with drug manufacturers to provide contract flexibility resulting in clearly defined and customized solutions to meet their specific plan needs.