Partnering with Your PBM to Reduce Employee Benefit Costs
As commercial and government funded plans decrease reimbursement to hospitals, impose greater restrictions on the 340B program, and increase regulatory standards, hospitals are continually seeking opportunities to reduce costs. A vast majority of hospitals are self-insured and seek more control over their employees’ health costs. However, their associates are highly educated and have good access to providers to write prescriptions. Therefore, health system employees generally have higher utilization of specialty medications than the general public.
The audience will hear from one academic medical center on how they are partnering with their PBM to drive down employee benefit costs. Strategy and tactics will be discussed along with feasibility of implementation and the overall value the institution has realized from deploying them.
Binita Patel PharmD, MS, Vice President Pharmacy Services, Memorial Hermann Health System
Daniel B. Truelove PharmD, Assistant Director of Pharmacy, Ambulatory Care/Specialty, University of Tennessee Medical Center
Ben Shaffer RPh, MBA, Vice President, Ambulatory & Institutional Client Strategies, Pharmacy Healthcare Solutions
Wednesday, March 6, 9:05 am to 9:55 am - Track 1