RX Plan Management

STRATeBEN has experience evaluating and building prescription drug plans. As plan sponsors now know, one of the key drivers of the alarming increase in health plan costs is Prescription Drug expenses. It requires unique skill to evaluate PBM effectiveness and negotiate the best possible arrangements for a particular plan. In addition, a more sophisticated approach to benefit plan design will position plan sponsors for long-term survival.

Pharmacy Benefit Management Capabilities:

  • Deliver sophisticated reporting tools
    • Evaluate the effect of Rx expenses on the plan and more importantly,
    • integrate Rx information as a key indicator of potential large claimant identification
    • Negotiate effective Rx arrangements
  • Hold Rx Partners to strict Performance Metrics
    • Service
    • Savings
    • Claim Payment accuracy