Challenge

Due to the high cost of medical coverage, companies often fail to focus on their PBM partnership as an opportunity for cost containment.

This client was experiencing increasing pharmacy expenses with its traditional pharmacy benefit manager (PBM) contract, which had a low rebate amount. Although this company had taken actions to ensure a favorable PBM contract, as pharmacy costs continued to escalate at an unsustainable pace, it decided to complete a PBM evaluation.

Solution

Hylant deployed its specialized pharmacy consultation service and proprietary Preferred Partner Agreement methodology to deliver a more cost-effective, minimally member-disruptive solution for this employer.

Our customized presentation included five alternative solutions to their PBM, each with savings opportunities. In addition, negotiations with the employer’s current PBM through this process provided savings opportunities.

Once the client made their selection, Hylant assisted with the implementation, monitoring and modification of the selected solution as needed for the client.

Work with a consultant who combines expertise in pharmacy benefits with personalized solutions for cost savings, minimal member disruption and dedicated support.