Pharmacy Management

Pharmacy Management

Prescription drugs are the fastest growing component of healthcare costs. These costs can be prohibitive, requiring employers to change plan designs and shift even more cost to their employees. This is particularly true for specialty medications that typically represent 50% of drug spend from just 1-2% of drug utilizers. 

Unfortunately, many employers don’t have the purchasing power or market leverage to negotiate better pricing. It’s also challenging for employers to identify and access money saving opportunities. 

Our Alera Group Pharmacy Solutions practice has a dedicated team of experienced, in-house Pharmacy Benefits Management experts. They offer a full range of pharmacy consulting services, including:

  • Prescription drug program evaluations for clients of all sizes and industries
  • Comprehensive RFP management renewal, market check and RFI
  • PBM contract review and negotiation
  • Consultative support to identify and deploy unique cost-mitigation for specialty drug solutions
  • Data analytics that enable precise financial and clinical pharmacy benefits consulting and reporting, maximizing the plan value and employee dollars
  • All forms of pharmacy benefits auditing, including PBM contract pricing, plan design and clinical
  • On-going risk management and cost containment under our Rx Concierge Program

With Alera Group, you have a local partner and a team of experts you can rely on to help you manage pharmacy costs and improve your outcomes today and in the future.

Our Alera Group Pharmacy Solutions experts are backed by leading-edge tools and strategic solutions focused on meeting the needs and expectations of our clients through every stage of the pharmacy process.

Control pharmacy costs

From procurement to prescriptions.

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EXPERT EDUCATION

Events and Webinars

Employee Benefits

2024 Employee Benefits Symposium

Join us (in person) as we bring together top experts covering key healthcare trends, population health management, pharmacy and more. Enjoy a great breakfast while you gain valuable takeaways for your organization.

April 16, 2024 at 08:30 am CT | Glenview IL

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2024 Employee Benefits Symposium

Employee Benefits

Finding, Using and Transitioning Out of a PEO

Your company is small, and limited resources make it difficult to manage a robust benefits program. Time to explore outside support from a professional employer organization (PEO). But where to begin?

April 18, 2024 at 01:00 pm CT | Virtual

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Employee Benefits

Optimize Your Benefits: A Three-Pronged Approach

Want to lower healthcare costs and enrich your benefits program at the same time? If so, this webinar is for you.

June 20, 2024 at 01:00 pm CT | Virtual

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Webinar graphic - Alera Engage

THOUGHT LEADERSHIP

Insights

Employee Benefits

Webinar: The Ins and Outs of PEOs

Providing employees with a robust benefits program is vital to attracting and retaining staff while growing an organization, but many small and medium-sized businesses lack the resources and time necessary to manage such a program. Professional employer organizations (PEOs) offer a solution. Alera Group's April 15 webinar, "Finding, Using and Transitioning Out of a PEO" will address the basics and help you strategize.

April 4, 2024

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Employee Benefits

Show Why Your Voluntary Benefit Offerings Make You an Employer of Choice

If you’re a business owner or benefits manager seeking to optimize your employee benefits offerings, you won’t want to miss Alera Group’s March 21 Engage webinar, "How Voluntary Benefits Inspire Employee Loyalty." During the one-hour session, our panel of Alera Group experts will discuss how voluntary benefits serve employers as well as employees, enabling employers to show they recognize the varied needs of their workforce by providing supplementary offerings in a cost-effective manner.

March 5, 2024

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Employee Benefits

Webinar: Weight-Loss Drugs and Group Health Plans | Alera Group

Rising pharmacy costs are among the chief drivers of healthcare expenses for employers and employees, thanks largely to a surge in use of drugs you’ve seen advertised in those ubiquitous commercials. Given the cost of such drugs and their mixed record of success, employers and employees should exercise caution.

February 6, 2024

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Employee Benefits

Employers, Employees and Job-Flexibility Tradeoffs

Faced with one of contemporary business’s most prominent dilemmas – allow work from home or insist on return to work? – employers and employees alike must come to terms with an axiom: Life is a series of tradeoffs. Join us on Thursday, January 18, for "The Value of Flexible Work: Alera Group’s Tradeoff Study."

January 11, 2024

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