Alexander Goldfarb’s Post

A New Approach to Healthcare Cost Control Our recent case study highlights how focusing on managing prescription drug costs, a client achieved a 34% reduction in just three years! Key tactics included partnering with an independent PBM, separating specialty drugs from the health plan, and incentivizing using generic over brand name meds. This approach demonstrates how businesses can significantly reduce health plan costs without compromising employee benefits. Discover how innovative thinking can lead to substantial savings and improved benefits management for your organization: https://dsgbenefits.com/ #HealthcareCosts #PrescriptionDrugs #BenefitsManagement #CostControl

A New Approach to Healthcare Cost Control Our recent case study highlights how focusing on managing prescription drug costs, a client achieved a 34% reduction in just three years! Key tactics included partnering with an independent PBM, separating specialty drugs from the health plan, and incentivizing using generic over brand name meds. This approach demonstrates how businesses can significantly reduce health plan costs without compromising employee benefits. Discover how innovative thinking can lead to substantial savings and improved benefits management for your organization: https://dsgbenefits.com/ #HealthcareCosts #PrescriptionDrugs #BenefitsManagement #CostControl

5G Benefits' Strategy to Curb Health Plan Costs Our 4-step approach: 1️⃣ High-Cost Claimant Analysis - Identify cost-saving programs for major expenses 2️⃣ Strategic Market Quoting - Explore more options with transparent vendors 3️⃣ Proactive Care Navigation - Guide employees to smarter healthcare decisions 4️⃣ Prescription Drug Cost Management - Leverage international sourcing for dramatic savings Want to learn how this process saved an auto dealer $900K annually? Reach out to us on LinkedIn. #HealthPlanCosts #EmployeeBenefits #CostReduction

5G Benefits' Strategy to Curb Health Plan Costs Our 4-step approach: 1️⃣ High-Cost Claimant Analysis - Identify cost-saving programs for major expenses 2️⃣ Strategic Market Quoting - Explore more options with transparent vendors 3️⃣ Proactive Care Navigation - Guide employees to smarter healthcare decisions 4️⃣ Prescription Drug Cost Management - Leverage international sourcing for dramatic savings Want to learn how this process saved an auto dealer $900K annually? Reach out to us on LinkedIn. #HealthPlanCosts #EmployeeBenefits #CostReduction

Specialty drugs, though used by only 1-2% of members, account for an astonishing 45% of plan spending. This significant figure highlights the critical need for a new approach in managing pharmacy benefits. At DisclosedRx, we champion a Fully Disclosed PBM model, ensuring that every dollar spent is an investment in the health and well-being of those who need it most. Take control of your health plan with our Fully Disclosed PBM approach. Learn how we're making a difference in managing the costs of specialty drugs, providing value and care without compromise. #FullyDisclosedPBM #SpecialtyDrugs #HealthcareSavings

Specialty drugs, though used by only 1-2% of members, account for an astonishing 45% of plan spending. This significant figure highlights the critical need for a new approach in managing pharmacy benefits. At DisclosedRx, we champion a Fully Disclosed PBM model, ensuring that every dollar spent is an investment in the health and well-being of those who need it most. Take control of your health plan with our Fully Disclosed PBM approach. Learn how we're making a difference in managing the costs of specialty drugs, providing value and care without compromise. #FullyDisclosedPBM #SpecialtyDrugs #HealthcareSavings

Specialty drugs, though used by only 1-2% of members, account for an astonishing 45% of plan spending. This significant figure highlights the critical need for a new approach in managing pharmacy benefits. At DisclosedRx, we champion a Fully Disclosed PBM model, ensuring that every dollar spent is an investment in the health and well-being of those who need it most. Take control of your health plan with our Fully Disclosed PBM approach. Learn how we're making a difference in managing the costs of specialty drugs, providing value and care without compromise. #FullyDisclosedPBM #SpecialtyDrugs #HealthcareSavings

Specialty drugs, though used by only 1-2% of members, account for an astonishing 45% of plan spending. This significant figure highlights the critical need for a new approach in managing pharmacy benefits. At DisclosedRx, we champion a Fully Disclosed PBM model, ensuring that every dollar spent is an investment in the health and well-being of those who need it most. Take control of your health plan with our Fully Disclosed PBM approach. Learn how we're making a difference in managing the costs of specialty drugs, providing value and care without compromise. #FullyDisclosedPBM #SpecialtyDrugs #HealthcareSavings

In a highly competitive Medicare market, it is essential to have a deep understanding of your clients. This includes their health condition, preferred healthcare providers, prescription drug requirements, budget considerations, desired additional benefits, plan ratings, and coverage choices. By gaining insight into your customers' profiles and healthcare preferences, you can effectively steer them towards the most suitable plan that aligns with their individual needs. Keeping abreast of industry trends and arming yourself with information will enable you to assist your clients in making well-informed decisions amidst the crowded Medicare landscape. #ClientCare #StayInformed #PlanChoices

When it comes to employer-sponsored healthcare, one of the most significant cost drivers is prescription drugs. The traditional Pharmacy Benefit Managers that dominate the industry operate with a business model that prioritizes profit over transparency and cost-effectiveness.   We are committed to providing our clients with better health plan options that align with their needs and values. Tara M. Byrd, CIC, Employee Benefits Principal, explains why we partner with SmithRx and Mark Cuban Cost Plus Drug Company, PBC and why it matters.   #SnellingsWalters #MarkCuban #PrescriptionDrugs #InsuranceBenfits #PharmacyBenefits