Buyer's Guide

Employer's Guide to Drug Spend Management

Employer’s Guide to Drug Spend Management: Must-Know Strategies to Lower Prescription Drug Costs

Key Considerations to Identify and Work with Transparent, High-Quality, Cost-Effective PBMs

“Manufacturer rebates to PBMs increased nearly 225% ($50B) in four years, and are often used to steer patients to more expensive and less effective drugs.”

Source: Pew Charitable Trust, 2019

How can employers and benefit purchasers avoid this? Learn more in this buyer’s guide.

  • A value-driven, transparent partnership with PBMs, benefits consultants, and TPAs
  • A thorough reporting process to comply with the CAA and help meet fiduciary obligations
  • A clean, simple, and concise employer-PBM agreement that meets fiduciary standards
  • A partnership with a PBM that does not use “spread pricing,” passes rebates to employers, charges one administrative fee, guarantees savings, and has robust reporting capabilities.

1Evernoth Book of Business 2021

Download the Employer’s Guide to Drug Spend Management