Pharmacy Benefit Managers (PBMs) have a significant role in managing prescription drug plans for employers, brokers, and benefits consultants. However, the lack of transparency in their operations often leaves organizations in the dark about the true costs tied to their pharmacy benefits. That’s where our webinar, Unlocking the Secrets of PBMs: Strategies to Navigate Their Profit Tactics, can help. It provides an in-depth look at how PBMs operate and gives you the insights needed to better control your pharmacy expenses.
During this session, we explore strategies designed to help employers, brokers, and consultants spot and address hidden profit tactics that inflate costs. PBMs often use complex pricing, hidden fees, and undisclosed rebate agreements, which can significantly drive up the cost of benefits. Attendees will learn how to recognize these tactics and implement strategies to mitigate their financial impact.
One major takeaway from the webinar is the value of adopting a fiduciary standard of care. Unlike traditional PBM models, which focus on profit, a fiduciary PBM puts the plan sponsor and its members first. This approach not only ensures ethical business practices but also helps reduce costs without sacrificing patient care. We’ll highlight real-world examples showing how fiduciary PBMs make a difference in controlling costs.
Additionally, the webinar offers practical tips for negotiating better contracts, optimizing formulary management, and using data analytics for informed decision-making. These strategies will help you create a more transparent, cost-effective pharmacy plan tailored to your organization. With these tools, you can ensure every dollar spent on pharmacy benefits brings value to both your organization and your members.
If you’re an employer, broker, or consultant aiming to reduce pharmacy costs while maintaining high-quality care, this webinar is essential. Learn from industry experts who have been deeply involved in PBM negotiations and cost management. Take the first step toward a more transparent and patient-centered pharmacy benefit strategy by watching Unlocking the Secrets of PBMs: Strategies to Navigate Their Profit Tactics today.
