Companies should perform annual contract reviews to ensure discount guarantees are auditable, properly structured, and company specific. Businesses should understand the market competitiveness of pharmacy discounts, dispensing fees, rebates, and administrative fees. Consultants should provide ongoing and granular analysis of cost and utilization metrics as well as evaluate the performance of clinical management programs to optimize these metrics, lower cost, and increase employee health outcomes.
High performing pharmacy plans can lower claims cost by 20% by partnering with the right consultant and implementing the following strategies:
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