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.