The Employer's Guide Blog for Overseeing PBMs

The Definition of Oversee: to watch over and direct (an undertaking, a group of workers, etc.) in order to ensure a satisfactory outcome or performance.

Flow of the Specialty Drug Dollar: A Business Process Model with Notation

It’s scary when I hear senior leadership saying things like, “I know just enough about pharmacy benefits to be dangerous.” You may not know this but when you dabble in this space AND make decisions it is actually extremely dangerous. It’s dangerous to your bottom line and to your employees health.

PBMs don’t dabble in pharmacy benefits management. It is all we do! When a plan sponsor or their adviser who just dabbles in the space aligns with a PBM that is non-fiduciary, what do you think is going to happen? In fact, a non-fiduciary PBM who doesn’t take you to the cleaners might be failing in its own fiduciary responsibility to shareholders. Don’t dabble, get educated.
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Tyrone Squires, MBA, CPBS

I am the proud founder and managing director of TransparentRx, a fiduciary-model PBM based in Las Vegas, Nevada. We help health plan sponsors reduce pharmacy spend, by as much as 50%, without cutting benefits or shifting costs to employees.

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