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Lip service. That’s about all employers get from large health insurance carriers and direct-PBM arrangements when it comes to effectively managing the cost of ancillary healthcare benefits, including pharmacy, health improvement and other programs. This is especially troubling when you consider that today ancillary benefits represent the fastest growing segment of an employer group’s benefit spend. Dramatic results and savings for employers in this expense area will not come from such a passive management approach.
Take a look at prescription drug costs, for example. Drug costs are rising today at a rate faster than hospital and physician service costs combined. Although more than 82% of employers currently carve out management of the pharmacy benefit to try and reduce healthcare expenses, it is evident that carve-out alone is not performing up to hype. Controlling healthcare costs has become a frustrating, uphill battle made more challenging by:
- Pressure for answers to the pharmacy trend
- No time to search for the best solutions
- Missed opportunities to encourage improved employee health
- Revenue and benefit challenges
- Difficulty getting good information to make informed decisions
Employers need an experienced, flexible and focused partner to help them better understand and influence healthcare cost drivers.
Prescription Benefits specializes in ancillary health benefit solutions for employers and plan sponsors. We offer proven programs that positively impact cost trends without sacrificing quality of care for your company workforce. We have access to an array of innovative programs, information resources and creative cost-reduction approaches that enable us to achieve an intense, proactive and holistic focus on your healthcare cost and quality challenges.
Prescription Benefits offers focused pharmacy benefit carve-out, aggressive health improvement programs and other unique and valuable solutions, including consumer-directed health plan administration, telephone access to doctors for prescription convenience and a pharmacy discount card program. Through Prescription Benefits, your company has the potential to save thousands of additional dollars each year in healthcare costs and enjoy significant gains in employee health status. We invite you to visit the various areas of our Website to learn more about how these solutions can deliver better results for you.
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