Benefits of Working with a Fiduciary-Model PBM
March 17 @ 2:00 pm - 3:00 pm
Frier Levitt Senior Counsel and Clinician-Attorney Dae Y. Lee, Pharm.D., Esq., CPBS, along with Tyrone D. Squires, MBA, CPBS of TransparentRx will be presenting a live webinar on Benefits of Working with a Fiduciary-Model PBM on March 17, 2021 from 2 to 3pm ET.
Commercial and public sector employers, unions, health plans, and health systems are demanding radical transparency, self-governance, and overall plan performance. Yet, 90% fall short of those lofty goals. In response, the Supreme Court of the United States in an unanimous decision determined PBMs can be regulated by states.
Although it’s a widely used term across PBMs, only a handful are truly pass-through or transparent — and even fewer are fiduciary. If your PBM isn’t, chances are you’re paying too much. The SCOTUS decision might offer some relief but education will remain the key to reducing skyrocketing pharmacy costs. Join us for this webinar where you’ll learn:
– How do PBMs make money?
– Strategies to significantly reduce costs and improve member health
– The need for solid terms in a contract
– The most important metric when comparing PBMs
– TransparentRx’s real-life example slashing client Rx cost by 54%
A good steward of the pharmacy benefit understands 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. Assessing transparency is more effectively done by a trained eye with personal knowledge of the purchaser’s benefit and disclosure goals. Plan sponsors who have taken the time to learn from our insights have secured up to 35% in savings on their pharmacy benefit management program spend.