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

Q1 Compliance Update

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

March 5, 2024 at 01:00 pm CT | Virtual

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Employee Benefits

How Voluntary Benefits Inspire Employee Loyalty

Presenters will show you how to use these benefits to meet the needs of both your business and employees, driving retention and saving money. 

March 21, 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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THOUGHT LEADERSHIP

Insights

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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Employee Benefits

A Cautionary Tale: Self-Funded Plan Administrators Must Meaningfully and Effectively Communicate With Plan Participants and Their Providers on Appeal

This alert is of interest to employers who sponsor self-funded health plans.

January 9, 2024

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Employee Benefits

Legal Alert: Agencies Provide Updated County Data for Culturally and Linguistically Appropriate Services and Guidance

On November 28, 2023, the Department of Labor (DOL), Internal Revenue Service (IRS) and Health and Human Services (HHS), collectively known as the Tri-Agencies, issued Part 63 of their FAQ series regarding implementation of the Affordable Care Act (ACA) and Consolidated Appropriations Act, 2021.

December 18, 2023

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