"Employee Prescription Drug Benefit Program"
"Employee Prescription Drug Benefit Program"
1 PagesSuccess Story - "Employee Prescription Drug Benefit Program" Company Description $5 Billion B2B Hardware/Software Supplier Company Situation and Problem Company had one year left on a three-year contract with a long-term Pharmacy Benefits Provider, with no apparent way to reduce costs further. With 2000 plus covered lives, costs were about $2.4 million per year. Pharmacy Benefits were considered very sensitive and “untouchable” in previous drives to reduce costs. Paladin Actions & Recommendations Paladin Associates, Inc. collected detailed information on the Benefit Plan, actual drugs dispensed, and costs to the Company. Paladin reviewed this information with a consortium Pharmacy Benefit partner who determined there were opportunities to reduce costs. Armed with this information, the Comp
