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.

Report Image
Download Now

Find an office or contact us


Events and Webinars

Employee Benefits

Q2 Compliance Update

Alera Group's quarterly employee benefits compliance roundup will help you stay current on the latest national regulatory developments impacting employers.

June 4, 2024 at 01:00 pm CT | Virtual

Sign Up
Webinar graphic - Alera Engage

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

Sign Up
Webinar graphic - Alera Engage

Employee Benefits

[Alera Engage] Benchmarking for the Win: How Does Your Benefits Program Rate?

Ask our clients about the No.1 tool that helps them develop an impactful benefits program, and they'll tell you is benchmarking.

July 18, 2024 at 02:00 pm CT | Virtual

Sign Up
Stock image displaying the words Alera Engage



Employee Benefits

The importance of women’s health concerns in employee benefits design

Women’s Health Month 2024 coincides with jarring controversy and growing concern over challenges and inequities regarding women’s health in general and one area in particular: maternal health. Alera Group's May 16 webinar will focus on how employer can offer solutions through their employee benefits program.

May 1, 2024

Find out more

Employee Benefits

This Mental Health Awareness Month, ‘Run Your Own Race’

May is Mental Health Awareness Month. Here are tips and resources to help you get started on the route to a happier, healthier you.

April 25, 2024

Find out more

Employee Benefits

Q1 Considerations: Affordability for Applicable Large Employers

Under the ACA, Applicable Large Employers (ALEs) are required to offer “affordable” medical coverage to full-time employees or be subject to a fine. In September 2023, the IRS announced that the 2024 affordability percentage would reduce from the 2023 rate of 9.12% to 8.39% as of January 1, 2024. The U.S. Department of Health and Human Services has just released the 2024 Federal Poverty Level (FPL) amounts, with an increase of 3.3%.

April 23, 2024

Find out more

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

Find out more