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Maintaining affordable access to prescriptions in a post-pandemic world
- MedCity News
As the Covid-19 pandemic continues to evolve, pharmacy networks have largely delivered against the challenge to meet critical health care needs. Pharmacies across the country remain open to accommodate patients, and anticipated drug shortages and supply chain concerns from early in the pandemic have not come to fruition.
As patients start to head back to doctors’ offices for routine care and elective procedures, there may be a pent-up demand for prescription drugs as people start new medications and adjust their current ones. In this time of global disruption and change, it’s imperative that plan sponsors have a transparent and accessible pharmacy benefit manager (PBM) to manage their pharmacy benefit and ensure plan members receive affordable prescription drugs.
Navitus Achieves Double-Digit Savings for New Clients in 2019
- RADAR on Drug Benefits
Navitus Health Solutions, a PBM that touts a 100% rebate pass-through model and a lowest-net-cost formulary, says it is seeing success in moderating total net cost per-member per-month (PMPM), particularly for new clients.
The company’s 2019 Drug Trend report, released in May, said Navitus achieved an “industry-leading” total net cost PMPM of $78.12 across its commercial business, 16% lower than the forecasted industry average of $93.11 PMPM.
3 considerations for selecting a truly transparent pharmacy benefits partner
While the word “transparency” is commonly used across the PBM industry, the reality is that not all transparency is created equal.
Prior to the COVID-19 pandemic rattling the economy, data from the National Pharmaceutical Council showed that 63% of employers felt that pharmacy benefit managers (PBMs) are not transparent. With many companies looking to better manage expenses and ensure affordable access to prescriptions in today’s uncertain landscape, it’s more important than ever for benefits professionals to work with a transparent partner and find ways to reduce prescription drug costs for their employees.
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Navitus Health Solutions 2019 Annual Drug Trend Report Reveals Industry-Leading Cost-Cutting Results