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PBM Evaluation and Selection |
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Associates & Wilson can help you decide
which PBM is right for you. We know that the bidding process
and/or switch over to a new PBM are big investments in terms
of your time and money. Your decisions will have lasting
consequences that impact employee satisfaction, your credibility
with employees and your bottom line.
We begin the process by defining and understanding
your goals so that the PBM marketplace can respond appropriately
to you. For example, an employer looking to cut costs by
any means will receive a different response than an employer
who wants to save money by ensuring its employees take only
those medications that are necessary and appropriate for
their condition. We efficiently get the information you
need to select the right partner by:
- Being selective as to who gets the RFP
- Only asking questions that are material to the decision-making
process
- Defining in advance what are good and bad answers
- Making PBMs that get through the initial screening show
(not just tell) us what they do.
Even if you are a smaller company, we
can negotiate competitive drug pricing if we can show you
bring value to the table. We’ll help you find that
value. While drug pricing is important, it is only one component
of a cost-effective drug program. After all, a great price
on excessive quantities, treatments ineffective for a member’s
condition, or a drug a member doesn’t need is no bargain.
We know what needs to be in place to manage costs and improve
care quality. Associates & Wilson can help you do both
by finding the PBM that best meets your needs given your
unique characteristics.
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