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A Pharmacy Benefits Manager, or PBM, can ease administrative burden, provide access to pharmacies for injured workers, and help control escalating costs.
2012-08-10 08:49:20 GMT 2012-08-10 17:00:00 (GMT -05:00) Eastern Time (US & Canada) Yes (click here to learn more about ) Closed 0 0 0 direct invitation(s) have been sent by the voice seeker resulting in 0 audition(s) and/or proposal(s) so far. Voice123 SmartCast is seeking 50 auditions and/or proposals for this project (approx.) Invitations sent by SmartCast have resulted in 0 audition(s) and/or proposal(s) so far.
Maximizing network penetration is one of the ways a PBM can manage workers’ compensation pharmacy costs. The higher a PBM’s network penetration rate, the greater the opportunity to gain insight into utiliza-tion patterns and control costs.
Another way PBMs can help a payor manage prescription costs is with mail order. Mail order prescriptions offer many benefits.
By partnering with a comprehensive, customer-centric PBM that understands the workers' compensation landscape, payors can leverage the PBM's expertise to control pharmacy spend and reduce administrative costs.
Because of the direct contact with the pharmacy chains and independents, a PBM that owns its pharmacy network promotes NETWORK COMPLIANCE and ISSUE RESOLUTION. It has the AGILITY and FLEXIBILITY to make changes on the fly. Direct contact with providers allows the PBM to STAY IN TOUCH with what’s happening in the market place, and to create NEW AND UNIQUE PROGRAMS for clients. It can selectively target geographic areas to meet clients’ injured workers needs and develop PARTNERSHIPS with vendors to enhance program effectiveness and achieve industry-leading outcomes
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