Independent Third-Party Administrator Saves Groups $5.6M on PBM Contract
Reveal up to 30% in pharmacy savings.
Overview
An Independent Third-Party Administrator—with 10,000 lives—had been with same PBM for nine years without seeing any significant decrease in pharmacy spend or value add. They searched for a pharmacy partner to aid in PBM renegotiation for their groups, develop cost-containment strategies, and help break down PBM savings in a way their groups could understand.
“As a TPA, we’re used to pharmacy partners overpromising and underdelivering. So, when the Navion team showed us their analysis, I had serious doubts. In the end, I was pleasantly surprised—they delivered exactly what they promised. We’re happy with the end results, and so are our groups.” – Client
Client Profile
Challenge
- Lack of dedicated pharmacy expertise and consulting
- No effective strategy to clearly analyze and compare PBM proposals and the savings, disruption and rebates associated with each
- High specialty Rx costs
Expertise
The TPA selected Navion to reprice and optimize its current pharmacy benefit contract.
- Conducted a reprice assessment using NueroSQL, our proprietary PBM comparison tool
- Implementation of specialty solutions to drive down the upward trend in cost
- TPA training programs and ongoing education
Impact
Our TPA client is not only delivering initial Rxsavings to its groups. It’s able to tap into Navion’s unmatched year-round clinical support for guidance on unexpected shifts in group claims, new CAA legislation and mandates and a holistic resource for all things pharmacy.
Ongoing services provided to client:
- Year-round pharmacy & member support
- Clinical expertise for high-cost specialty claims
- Implementation of specialty solutions to drive down the upward trend in cost
- TPA training programs and ongoing education
Navigate Rx benefits with clarity and confidence.
Cost-Containment Solutions
Best-in-Class Rx Contracts
