ASSESS YOURSELF AS A PLAN SPONSOR OR PBM ADVISOR

PBMs will provide transparency and disclosure to a level demanded by the competitive market and generally rely on the demands of prospective clients for disclosure in negotiating their contracts. The best proponent of transparency is informed and sophisticated purchasers of PBM services.

The average score on this quiz is just 23%! So, it shouldn't come as a surprise that transparency is so elusive. With test scores like this, one must wonder is it the PBM's unwillingness to be transparent or the purchaser's inability to drive radical transparency which leads to excessive overpayments for PBM services?

Assessing transparency will be more effectively done by a trained eye with personal knowledge of the purchaser’s benefit and disclosure goals. The purchaser needs to understand not only what they want to achieve in their relationship with their PBM but also the competitive market and their ability to drive disclosure of details on services important to them.

I bet you do not score better than 30% on this PBM self-assessment. Click that big blue button down below to find out.