How can USI help our organization gain better control of our pharmacy benefit costs?
USI’s implementation of a narrow pharmacy network will drive savings through aggressive negotiation with retail pharmacies.
With USI’s guidance, implementing a narrow pharmacy network can result in an estimated 2% to 5% savings on pharmacy benefit costs.
We’ve estimated the financial impact for you. Feel free to update the assumptions.
- Potential to offer richer benefits without increasing plan costs
- Allows for plan member choice, but with added levels of individual responsibility
- Quantify narrow network savings’ opportunity
- Evaluate network access for employee population
- Customize plan designs and communication strategies to drive utilization to designated in-network pharmacies
Your USI Benefits and Pharmacy Consultants will work with your Pharmacy Benefit Manager to conduct an evaluation of network access for your organization’s employee population.
I’d like to explore further how USI can help our organization gain better control of our pharmacy benefit costs.
To perform a more detailed analysis, we need to collect just a few pieces of information including a detailed pharmacy plan design, a utilization report of pharmacy claims, and a recent pharmacy audit report (if available).