Cost Containment

Gain Insights and Realize Savings Potential

Execute Fiduciary Responsibility with Confidence

Hylant helps health plan sponsors execute their fiduciary responsibilities efficiently and confidently. We expertly investigate, evaluate and advise on available cost-containment strategies and then contract and implement the best solutions for the organization. Health plan sponsors deliver a cost-effective, competitive benefits program that supports employee recruitment and retention, despite today's escalating medical costs. They also avoid pitfalls hidden in slickly marketed programs.

Understand, Compare and Manage Costs

We utilize data and analytics tools to understand your cost drivers and desired healthcare outcomes. This approach facilitates making meaningful decisions based on your population's health. Benefit benchmarking information can help guide decisions in building a competitive plan that attracts and retains top talent while containing costs. Hylant primarily uses a vast benchmarking database of over 30,000 plans to create customized benchmark reporting for your organization.

Our focus is not entirely on unit cost, benefit-cost or cost shifting. We also continuously review and collaborate on market trends and innovations. Costs go deeper and are a factor of the health status of your workforce and their covered family members, along with decisions made by the consumer at the time of healthcare service. Creating a culture of personal engagement and improved health is a long-term strategy that creates a win-win situation.

Control Pharmacy Costs

Pharmacy costs are increasing even more rapidly than medical costs. Companies that use a pharmacy benefits manager (PBM) often assume that their existing contract is optimized. Often, that's not true. Hylant's specialists use a proprietary methodology to evaluate current contracts and offer recommendations to achieve cost savings with little or no disruption for plan members. So what can that look like?

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Identifying an Ideal Pharmacy Benefit Manager (PBM)

Selecting the right PBM is crucial for managing your company's pharmacy benefits effectively and economically. Our experts are here to guide you through this process, ensuring that you partner with a PBM that not only understands your needs but also works actively to meet them. We focus on evaluating potential PBMs and negotiating with them on your behalf, setting a foundation for a fruitful relationship. Check out our video about three red flags with PBMs. Better yet, watch the webinar series with the link below!

Watch the Webinar