As a prudent consumer of pharmaceutical services, it is important to evaluate your PBM contract on a regular basis. The most effective way to accomplish this is via a “fair market” value comparative analysis. The objective of this assessment is to determine whether you are receiving the best pricing and services possible and, if necessary, to take action to secure a more cost effective PBM business arrangement. The experienced team at Cadre Rx are nationally recognized experts at uncovering hidden costs that your PBM doesn’t want you to know about and have successfully created and executed cost effective alternative solutions that will lower your overall cost while preserving the value of the pharmaceutical benefit to your employees. 

Cadre Rx's expertise in the areas of managed care, Rx drug management, and prescription pricing uniquely positions our team to help our clients decipher the maze of complex approaches and choices that PBMs offer. Our primary objective is to thoroughly understand your company’s needs and your current PBM contract. Then we will work with you to help you better understand the strengths and weaknesses of your current contract and your possible options for improvement. Once completed, you will be certain that your current PBM contract is achieving your goals of providing the best possible drug benefit at the lowest possible cost.

Although Cadre Rx offers many traditional consulting services, we believe the place to start is with an extensive independent “fair market” pharmacy reimbursement review of your claims data. This review allows us to gage how your organization’s PBM cost’s compare to the fair market standard for companies like yours. From this we will develop an estimate of savings based on your specific circumstances. Our goal is twofold, first to reduce your costs by making sure that the current contract is being properly adhered to, and second to refine the terms of your contract to secure future savings.

 

         Your “fair market” analysis will deliver the following
                  1. Summary of our findings and observations
                  2. Detailed report of your potential areas of savings
                  3. Forecast of your annualized dollar savings

 

Built over the past ten years, our analytical capability is unique to Cadre Rx. We utilize a customized database with millions of preexisting data elements specifically designed to uncover even the smallest of potential cost savings opportunities. Our extensive database and our experience gained over years of working with a wide range of PBMs uniquely positions our team to identify innovative ways to control your company's pharmacy cost.  We will provide you with practical solutions to ensure your costs are at their lowest possible level without sacrificing your plans features and offerings.

Typically our efforts have resulted in decreasing our clients’ total pharmacy benefit expenses in the range of 5-10 % of their annual pharmacy benefit expenditure.

Our team of experts will provide you with the solutions you need to reduce your pharmaceutical expenditure and create savings that will be sustained over the life of your PBM relationship.  The initial process is quick and easy. We will provide you with a clear picture of just how much savings may be available to you within 30 days of receiving your current claims data.

 

Please do not hesitate to call with questions regarding our " fair market  analysis" process and other capabilities. We look forward to hearing from you soon to discuss next steps of collaborating with your company.