A CFO’s Guide to Controlling Pharmacy Benefits Costs
Pharmacy’s portion of health benefits costs has more than doubled in recent decades – the result of a boom in expensive, high-cost and brand name medications for conditions ranging from cancer, to diabetes, to inflammatory conditions, to weight loss.
The trend is unsustainable, and its global budget impact is catching the attention of chief financial officers looking to better predict – and stabilize – benefits costs while maintaining access to critical medications for employees.
That’s why many are turning to pharmacy benefits optimization – a more advanced alternative to traditional pharmacy benefits management. Learn the difference, why it’s important, and how it can save significant drug dollars to reinvest in other important initiatives in this article with CFO Dive.
