Top 5 Pharmacy Contract Best Practices

A Quick Reference Guide to Arrive at a Better Pharmacy Contract

Managing prescription drug benefits was already a complicated endeavor, but the new economic reality brought on by the pandemic has only amplified the challenges and anxieties that self-funded employers are facing. That’s why helping your clients lower their pharmacy benefits costs this year will be more important than ever before. Your biggest opportunity to support them is by negotiating a one-year pharmacy contract that is optimized for their best interests, not the PBM’s.

In our new e-book, we share five best practices for creating a more competitive, client-friendly pharmacy benefits contract. You’ll see that there are many parts of the arrangement that can cost or save your clients significant dollars – and not all of them are obvious at first glance. Take the time now to read up so that you are prepared for the tough discussions ahead.

In this guide, you’ll receive answers to these important questions:

  • What are the pros and cons of different types of pharmacy benefit contracts?
  • How can an optimized contract save my self-insured clients money on their prescription drug spend?
  • What are proven strategies to help me negotiate a more competitive pharmacy contract?

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