Frier Levitt co-founder Jonathan Levitt, Esq. and pharmacist attorney Dae Lee, Pharm.D., Esq., CPBS talk about Plan Sponsors and Cost Containment Strategies. In attempt to address the rising costs of prescription drugs, Plan Sponsors have turned to the services of Pharmacy Benefit Managers (PBMs). However, PBMs have taken a turn for the negative in this case.
[00:00:32] Do PBMs Audit Pharmacies?
[00:00:46] PBMs are recouping hundreds of millions of dollars from pharmacies.
[00:01:35] For every dollar a PBM collects from a pharmacy, it probably keeps 50%.
With an in-depth knowledge of PBMs and the Life Sciences space, Frier Levitt provides unique services to Plan Sponsors with the request for proposal process, contract review and negotiation, and audit of PBMs for contract compliance and rebate compliance. Frier Levitt works in Plan Sponsors’ best interests, helping to reduce costs and prevent any mistreatment or abusive practices. If you are a Plan Sponsor currently negotiating a contract or experiencing issues with a PBM, contact Frier Levitt at pharmacy@frierlevitt.com today to speak to an attorney.
