Many employers may not realize that monitoring their pharmacy benefit manager’s performance [to contract terms] on a regular basis can potentially reduce the plan's pharmacy cost. Why is this important? The pharmacy benefit is dynamic, there are new drugs, new prices and new uses for existing drugs. New ways to classify and adjudicate claims, new pharmacy network agreements...the list goes on. If your evaluation of PBM performance consists primarily of reviewing adhoc reports or annual audits, you need to start Continuous Monitoring. Just click that big blue button below.
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