Rx Group purchasing
Do you know where your pharmacy dollars go?
VOLUME DISCOUNTS, PASS-THROUGH REBATES, & TRANSPARENT COSTS
Did you know that between 30-60 cents on each Rx dollar spent goes to pharmacy benefit manager (PBM) middlemen?
Prescription drugs are among the top cost drivers for healthcare purchasers. One strategy that has shown significant savings at other alliances around the country is group purchasing of pharmacy benefits.
In April of 2018 the Healthcare Purchaser Alliance will make a group purchasing program available to all members. Results from other coalitions indicate that leveraging the purchasing power of multiple purchasers and contracting with a transparent pharmacy benefit manager (PBM) can generate substantial savings. The Alliance's group purchasing program will make those savings available to Alliance members. Participating members will be able to maintain their current formulary and benefit design if they choose; additional value-based strategies will be available for members interested in maximizing their savings.