In today’s environment, the arbitrary and opaque pharmacy pricing landscape too often prevents plan sponsors from engaging in well-infomed pharmacy cost reduction strategies at a time that specialty drug prices are spiraling out of control.
PBMs have begun to come under intense scrutiny and the pressure is on to install more transparent pharmacy pricing practices. This is evidenced in recent news coverage, ongoing legislative discussions at the state and national level, and other efforts driving more PBM transparency around pharmacy benefit costs and pricing.
Meanwhile, organizations are at a loss for how to build transparency into PBM contracts and which pharmacy metrics most deserve their attention. Questions about PBM management and optimizing pharmacy benefits continue to mount:
- How can brokers and employers integrate modern approaches into their pharmacy strategy?
- How can they stay up to date with available market strategies for not only maintaining control of their pharmacy benefits contracts but also ensuring no dollars are left on the table and all savings are instead extended to the plan and member?
- What are the key pharmacy metrics available for planning and tracking?
Integral questions like these do not need to go unanswered. Though PBM reform efforts have already begun, healthcare is a complex environment and shifting regulations aren’t helping payers to understand and develop a successful pharmacy pricing strategy. New cost containment strategies have emerged, from pharmacy coalitions to negotiation tactics that emphasize PBM transparency.
Join us for a virtual discussion where Truveris experts will explore the key contract elements and metrics that drive a transparent pharmacy strategy and pricing performance. We over time will share best practices and case studies to integrate into the latest renewal strategies for your pharmacy contracts.
Learning Objectives:
- Understand the value of pharmacy plan oversight
- Identify key claims data and oversight components that every pharmacy plan should consider
- Understand how to incorporate insights from these key metrics into your pharmacy strategy
- Learn from best practices and case examples for managing PBM contracts
About the Speakers:
Pat Gundersen, VP of Sales Channel Management
Pat Gundersen serves as the Vice President of Sales at Truveris, bringing with him over twenty years of progressive experience in various sales, sales leadership, and commercial roles in the healthcare sector. He has a passion for championing software and services that help solve Healthcare’s most significant challenges. Before joining Truveris, Pat served as the President of Sales & Client Management at the leading Human Experience improvement platform.
Louise Shea, RPh, SVP, Product Strategy
Louise Shea, RPh, has nearly four decades of experience within the pharmacy and healthcare ecosystem. At Truveris, Louise serves as Senior Vice President of Product Strategy. Prior to joining Truveris, Louise held several leadership and technical positions across the industry. Her titles included Regional VP of Client Engagement at a large PBM, VP of Client Relations at a pharmacy tech company, Director of Strategic Operations at a pharmacy benefit administrator for nearly 10 years, and Director of Pharmacy Operations Support at a national health plan.
You might recognize Louise from her starring role in last year’s Truveris webinar, “Copay Maximizers and Alternative Funding: What Self-Funded Plans Should Know.”
Vita Lampietti, Director of Product Management
Vita Lampietti serves as Director of Product Management on our Insights products here at Truveris, where she builds and implements products that allow patients and payers to gain transparency and insight into their pharmacy benefits and drug spend. Prior to joining Truveris, Vita worked in healthcare tech operations, specializing in claims analysis.
