Pharmacy benefits are one of the most important employee health benefits that a company can offer for recruitment and retention. But healthcare is complicated. Prescription drugs and pharmacy benefits managers (PBMs) are at the center of a world populated by pharmacies, prescribers, health plans, brokers, consultants. So how do you choose a PBM?
When you’re looking for a PBM contract, you need to understand what they do and how it will affect your bottom line. It’s a journey where you need to speak to specialized languages of pharmaceuticals, medical care, health insurance, and government regulations.
Integrated Prescription Management (IPM) understands the different needs of stakeholders – employers, providers and members. PBMs are at the center of a world populated by those stakeholders and others, including health plans, third-party administrators, brokers, consultants. We can be your guide and translator.
Employers need to balance the healthcare needs of plan members and the high cost so many medications. Providers want to deliver care and make a living. Members want to get prescriptions filled at the lowest possible out-of-pocket cost. IPM is a PBM that believes stakeholders should be able to make informed decisions through collaboration.
We will help you understand what you need to know about PBMs and their services, and what questions you should ask when choosing a PBM.
Here are some of the discussions you should have: