TransparentRx’s Post

Too often, PBM consultants nudge their clients toward rebate-driven formularies, which can drive up costs by favoring high-rebate drugs over more affordable, clinically effective options. 💸 A value-based formulary approach, on the other hand, prioritizes the right medications at the right price, leading to better outcomes and lower costs. Self-insured employers who adopt value-based formularies can save significantly without sacrificing quality of care. It’s time to shift the focus from chasing rebates to delivering real value! 💡 #PBM #SelfInsured #FormularyManagement #ValueBasedCare #CostContainment #EmployeeBenefits #HR #PBM #SelfInsured #FormularyManagement #CostContainment #EmployeeBenefits #HR #Healthcare

Too often, PBM consultants nudge their clients toward rebate-driven formularies, which can drive up costs by favoring high-rebate drugs over more affordable, clinically effective options. 💸 A value-based formulary approach, on the other hand, prioritizes the right medications at the right price, leading to better outcomes and lower costs. Self-insured employers who adopt value-based formularies can save significantly without sacrificing quality of care. It’s time to shift the focus from chasing rebates to delivering real value! 💡 #PBM #SelfInsured #FormularyManagement #ValueBasedCare #CostContainment #EmployeeBenefits #HR #PBM #SelfInsured #FormularyManagement #CostContainment #EmployeeBenefits #HR #Healthcare

Too often, PBM consultants nudge their clients toward rebate-driven formularies, which can drive up costs by favoring high-rebate drugs over more affordable, clinically effective options. 💸 A value-based formulary approach, on the other hand, prioritizes the right medications at the right price, leading to better outcomes and lower costs. Self-insured employers who adopt value-based formularies can save significantly without sacrificing quality of care. It’s time to shift the focus from chasing rebates to delivering real value! 💡 #PBM #SelfInsured #FormularyManagement #ValueBasedCare #CostContainment #EmployeeBenefits #HR

Check out this news article that was written about MBGH's June 26th "Employer Forum on Pharmacy Benefits, Specialty & Biopharma Therapies: What Employers Must Know and Do About Fiduciary Turmoil, Transparency & Legislation." #employers #mbghevents #pharmacybenefits #healthbenefits #hr

𝐇𝐨𝐰 𝐭𝐨 𝐬𝐚𝐯𝐞 𝟒𝟏% 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐲'𝐬 𝐩𝐫𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐝𝐫𝐮𝐠 𝐬𝐩𝐞𝐧𝐝 These 3 employers share a few things in common: 1) They were with one of the Big 3 pharmacy benefit managers (ESI, OptumRx, CVS/Caremark) 2) They all moved to a transparent, passthrough pharmacy benefit manager 3) They all saw significant, negative pharmacy trend year over year If you are an employer, you are probably thinking these numbers are too good to be true. I get it. Your pharmacy benefit manager is huge, how could you not be getting the best deal? This is what is possible when you have a contract that states where / how money is being made. It's that simple. That's not the hard part. The hard part is overcoming the fear you have of making a change. The best way to get over this fear is to get educated. #ceo #cfo #hr #humanresources #employeebenefits #healthinsurance #selffunding

With rising prescription drug prices, balancing cost control with quality healthcare is a real challenge for employers. High out-of-pocket costs can lead to non-adherence to treatments, driving up overall healthcare expenses. But there are ways to address this. Our latest blog explores some best practices you can follow to help control prescription drug costs and maintain a healthy workforce. 👉 https://lnkd.in/eJUwDmNm #employeebenefits #healthinsurance #businessowner #businessowners #businessownerlife #humanresources #hr #hrgeneralist #hrcommunity #benefitsstrategy #benefitsadministration #benefitstrends #groupbenefits

Tackling rising prescription drug costs: A guide for HR benefits leaders While you may not be able to fully control rising prescription drug costs, you can implement checks and balances to ensure responsible use of these therapies. The key is adopting a holistic view that balances immediate member needs with sustainable cost management. This involves understanding root causes, implementing checks and balances, and empowering employees with education. In this article, we will discuss how your organization can apply a proactive benefits plan that takes into account employees' physical, mental, and financial wellbeing. - Analyze data to pinpoint key Rx cost drivers - Promote generic and biosimilar options - Invest in upstream health improvements - Arm employees with data and resources #groupbenefits; #costmanagement Cheyanne Dawson Read more in the link below

In today's fast-evolving healthcare landscape, managing specialty drugs poses significant challenges for employers. These treatments, essential for complex and chronic conditions, come with hefty price tags and unique care requirements. Employers must ensure access to these therapies while effectively managing them to optimize patient outcomes and control spend. In our recent blog post, "Top Specialty Drug Management Goals for Employers: Emphasis on Patient-Centered Approach," we delve into these critical objectives and their implications for both employers and employees. #SpecialtyDrugs #HealthcareManagement #PatientCentricity #EmployerHealthcare #AxumRx #BlogPost #HealthcareCosts #PatientOutcomes #PharmacyBenefits #MedicalBenefits

Let’s take a moment to recognize the hard work and commitment of Pharmacists are at the forefront of patient care, and our role is evolving. We are not just dispensers of medication; we are advocates for health and wellness, equipped to address complex health needs. Let’s continue to promote the value we bring to healthcare and the importance of accessible pharmaceutical care. #NationalPharmacistDay #HealthcareHeroes

Are you looking to unlock the full potential of your healthcare organization? As experts in the healthcare sector, we at CandiClie Consultancy Pvt Ltd are here to help you grow.  1. Our dedicated team of business consultants is ready to work closely with you to understand your unique challenges and opportunities in the ever-evolving healthcare industry. 2.With our deep understanding of the industry and our experience, we can find ways to make things better and put plans into action to make your work smoother, spend less money, and make your organization work better overall. 3. We understand that patient care is at the heart of every healthcare organization, which is why we prioritize both operational excellence and exceptional patient outcomes in everything we do. Our goal is to empower you to provide the highest level of care and improve patient satisfaction. 4. Whether you're a hospital or healthcare provider, medical equipment manufacturer, pharmaceutical company, or any other key player in the healthcare sector, Our personalized solutions will be made just for you, based on what you need and what you want to achieve. Don't struggle to navigate the complexities of the healthcare industry alone. Partner with CandiClie Consultancy Pvt Ltd and let us help you drive sustainable growth and success in today's competitive healthcare landscape. Reach out to us today by filling the form-  https://lnkd.in/dAFa86Ac to learn more https://lnkd.in/g79ASa4e about how our business consultants can transform your healthcare organization. #healthcareconsulting #healthcareindustry #businessconsulting #healthcareleadership #healthcaretransformation #patientcare #operationalimprovement #costoptimization