The Value of Your PBM
Many factors are outside of your plan’s control when it comes to managing prescription drug costs. While larger organizations can absorb fluctuations easier, a major change to a self-insured benefit plan of a small to mid-sized business can be catastrophic if not managed correctly.
For employer groups striving to achieve maximum cost savings while improving patient outcomes, it is critical that they partner with a transparent PBM. Transparency by a PBM into the many contributing factors that drive prescription drug costs allows plans to make more informed decisions, resulting in opportunities for savings and increased efficiencies for their specific needs.
Problem: An 1,800-life municipality group was promised massive cost savings by one of the extremely large, publicly-traded “Big 3” pharmacy benefit managers (PBM) to move their pharmacy benefit plan away from Pharmacy Benefit Dimensions (PBD).
PBD at Your Service
For a small to mid-size plan sponsor, prescription drug plans can feel overwhelming. That is why it is important to partner with a pharmacy benefit manager (PBM) who provides the personal attention, clinical support and customer service they need to properly implement and control their pharmacy program.