Managing Specialty Medications

Here’s the bad news: Health care costs are only going upward.

Shockingly, pharmacy costs make up 25% of total health care costs. In only a few years, it’s likely going to jump from 25% up to 50%.

Here’s the most sobering stat of all: 60-80% of total pharmacy costs are due to only 1–2% of prescriptions.

As a CEO with more than 600 employees, Mark needed a solution within his very own company to stop the bleeding and alleviate specialty medication costs.

“The Number one question, and the reason I think we are building up good relationships with brokers, is specialty drugs. We always get asked, "What do I do about this $500,000 specialty drug?"

"When we are able to solve that solution for that broker, then we develop a partnership with them."

"For a 500 life client, that half million dollars eliminates raises, bonuses, it eliminates a lot of different things when they bring those situations on their plan. When we solve that, then we solve that together, and we help the employer out.”

“We put our own solutions in and we saved our own business of 600 employees over $300,000 with the different programs that we implemented. We have several different programs that we have to help save on specialty drug costs.”

Consultants who are actual Pharmacists understand how to save the employer money on their pharmacy benefits plan. They also make sure employees receive the medications they need, because they consider those employees to be their own patients.

At True Rx Health Strategists, we believe there’s no one better qualified to lead your pharmacy benefits — than a Pharmacist.