How can USI help our organization improve our pharmacy benefit manager's (PBM) performance?
USI recognizes that prescription medication is the fastest growing component of health plan spending. Our specialists assist employers in navigating the complex pharmacy ecosystem to find appropriate cost-management solutions.
USI evaluates our clients' needs and identifies the independent pharmacy vendors and PBMs that are best equipped to meet those needs. We estimate our solution delivers savings of 15% to 25% of pharmacy costs as compared to an unmanaged bundled program.
We’ve estimated the financial impact for you. Feel free to update the assumptions.
- Clients can experience savings of up to 25% on their pharmacy benefit costs with the aid of active and effective plan mangement
- Group-specific clinical management services
- Robust financial reporting and on-going pharmacy consultant support
The complex pharmacy ecosystem is comprised of manufacturers, distributors, coalitions, PBMs, consultants, claims administrators, and pharmacies. It lacks transparency as it hides significant profit in each transaction that drives plan costs up.
This solution is of greatest value to employers with self-funded benefit plans that include bundled PBM services.
I’d like to explore further how USI can help our organization improve the quality of service we get from our pharmacy benefit management provider.
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).