Less than a quarter of benefits leaders strongly agree that they fully understand how prescriptions are paid for, according to EBN's recent State of Pharmacy Management research. Even more, HR leaders feel they have very little influence over pharmacy costs. This lack of awareness, along with the arrival of high-demand and high-price drug categories such as GLP-1s, is not helping their level of concern.
To keep pharmaceutical costs under control for both employees and the organization, HR and benefits leaders need to adopt transparent and innovative cost-containment strategies – which may include partnering with the right Pharmacy Benefits Manager.
- The top healthcare cost center concerns for benefits leaders
- Why traditional PBMs limit the impact of cost control efforts
- Key questions to ask your PBM for a successful partnership