Blogs

Why Employers Need to Continuously Monitor Their PBM

Why Employers Need to Continuously Monitor Their PBM

Many employers may not realize that monitoring their pharmacy benefit manager’s (PBM) performance to contract terms on a regular basis can potentially save money on their Rx benefit. Even after your contract is finalized, it’s vital that you continue to monitor your...

Give your company an Rx plan windfall

Give your company an Rx plan windfall

Many companies have announced plans to share their tax reform windfall with their employees in the form of raises and/or bonuses. After many years of raises in the 1-2% range, this may be the first time in a decade or more since some workers have seen real...

Do You Know Why Many Drugs Are on Your Formulary? Rebates

Do You Know Why Many Drugs Are on Your Formulary? Rebates

A PBM may tout how many dollars you can receive due to their rebate program, but is that a good thing? Many PBMs place drugs on their formulary or preferred drug list because of the rebates they get paid from the manufacturer. In some cases, this could be...