Controlling Costs Through Pharmacy: Your 2023 Guide to Pharmacy Benefits
As healthcare spend and prescription medication costs continue to rise, pharmacy remains a significant untapped opportunity for self-funded employers to save on benefits. However, traditional PBM management approaches to pharmacy benefits are both flawed and insufficient to navigate market dynamics like rising costs, new treatment options and the demand for transparency. Now is the time to start planning to ensure every plan can benefit from the right analysis and contract negotiation, with plenty of time for implementation for upcoming plan renewals.
During this session, we shared insights about:
- Current trends in pharmacy benefits
- Key players and considerations for developing your pharmacy strategy
- Best practices and case examples we’ve seen in the market
The session also addressed several audience-submitted questions, covering topics like gene therapy, Ozempic, and specialty carve-out.
About the speakers:
As the Vice President of Marketplace Management at Truveris, Sara leads the team responsible for connecting PBMs and pharmacy vendors with plan sponsors on the Truveris Marketplace. In this way, Sara has deep domain expertise on the many variables that pertain to PBM contracting, pricing, and implementation. Her team has helped hundreds of plan sponsors find and procure a tailored blend of pharmacy services for their members.
Before this role, Sara was Director of Strategy and Innovation at Truveris. She has also spent several years at Phreesia, the leading patient intake system, during which the company experienced significant growth.
You might recognize Sara from her starring role in last year’s Truveris webinar, “Transparency in Pharmacy: Innovative Strategies to Drive Outcomes for Self-Funded Plans.”
As Vice President of Pharmacy Solutions and Strategic Accounts, Ryan provides context, insights, and recommendations for maximizing pharmacy benefits at Truveris.
An experienced pharmacist and consultant with 15+ years working in pharmacy benefits, Ryan previously served as senior pharmacy benefits consultant at two of the largest US consulting firms, optimizing pharmacy benefit offerings via formulary and plan design evaluation, contract negotiation, and specialty pharmacy management. He’s also worked with OptumRx providing clinical consultation, benefit coding, and utilization management evaluation across multiple lines of business.