As drug prices continue to surge, particularly in the specialty drug space, employers are facing increasing pressure to find effective ways to manage costs, while meeting the unique needs of their organization. Pharmacy coalitions can be an effective solution, enabling employers to leverage collective purchasing power. Understanding how these coalitions work and the impact they can have to pharmacy programs is critical in ensuring optimized pharmacy plan design.
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What’s inside the Guide to Pharmacy Coalitions for Benefit Management eBook?
Truveris’ Guide to Pharmacy Coalitions for Benefit Management eBook is designed to help employers and brokers understand the impact of joining a pharmacy coalition on their pharmacy program. In this eBook, we take a deep dive into the following areas:
- Understanding Pharmacy Coalitions: Learn the basics of how pharmacy coalitions work, the role they play in managing pharmacy benefits, and how they are structured. This section explores how coalitions pool together employers to negotiate better terms with PBMs.
- The Pros and Cons of Joining a Pharmacy Coalition: Dive into the benefits and potential drawbacks of participating in a coalition. Understand the flexibility, risks, and trade-offs associated with these models, including access fees, customization limitations, and control over PBM relationships.
- Evaluating Coalition Models Beyond Drug Pricing: Discover the key factors to consider beyond just price savings, such as procurement, reporting, membership fees, and performance guarantees. This section dives into the nuances of pharmacy benefit oversight and how to ensure your coalition aligns with your organizational goals.
- Questions to Ask Coalitions: Explore examples of questions that plan sponsors should be asking when evaluating a broker or consultant owned coalition to ensure they stay in control of their pharmacy program.
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