Pharmacy Benefit Management

SOLUTIONS has joined with EHPCO, a non-profit coalition based in Ohio, to create one of the largest group purchasing programs for pharmacy benefits management services (PBM) in the nation.

The PBM program covers more than 450,000 lives in all 50 states and includes a network of more than 64,000 retail pharmacies nationwide. Increased buying power means greater discounts, larger rebates, dedicated account management and overall satisfaction for you and your employees. In addition, the terms of the Agreement will be continuously updated to ensure maximum savings for our members.

With SOLUTIONS, your benefits plan design doesn't have to change - you can achieve savings without employee cost-shifting. To ensure a seamless change for you and your employees, SOLUTIONS and EHPCO will help you through the process, from communication models to working with your former vendor.

What could you accomplish with these savings?

  • Employee wellness screenings and Health Risk Questionnaire incentives
  • No-cost flu shots for employees
  • Avoidance of employee lay-offs
  • Offset of medical cost increases
Case One
Case Two
Case Three
Manufacturer w/approximately 900 employees
Tech solutions provider w/approximately 1,500 employees
Manufacturer w/approximately 4,700 employees
Current PBM is carved-out
Current PBM is carved-out through Big 3 PBM
Current PBM is carved-out through Big 3 PBM
Total Current Spending

$619,371
Total Current Spending

$3,232,067
Total Current Spending

$10,772,126
SOLUTIONS PBM Contract

$562,782
SOLUTIONS PBM Contract

$2,718,839
SOLUTIONS PBM Contract

$9,931,792
Savings
$56,589
Savings
$466,937
Savings
$840,334
% Savings
9.1%
% Savings
14.5%
% Savings
7.8%
PEPY Savings
$63
PEPY Savings
$311
PEPY Savings
$179

 

 

© 2012 HC21 SOLUTIONS

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