Do I Need A Pharmacy Consultant?

Pharmacy benefit costs are rising at a pace that exceeds the management ability of many plan sponsors and are increasingly becoming a larger proportion of overall benefit expenditures. Many plan sponsors, along with many brokers and consultants, lack the experience and knowledge to solve this complex problem. Consider:

• New high cost injectible drugs are becoming commonplace.
• Complex pharmacy benefit plans are often necessary to address skyrocketing costs. How will you communicate these new complex plan designs to your members?
• Pharmacy Benefit Managers (PBM’s) are getting harder to deal with due to complicated pricing schemes between PBM’s, long and complex contracts, negotiations, and implementation.

So with all this, how do you, the plan sponsor, deal with the challenge of managing your pharmacy benefit?

Pharmacy benefit consulting is an area where BancorpSouth has particular expertise. Our experience translates into:

• Lower plan charges
• Greater rebates and discounts
• Foundation for unparalleled on-going plan management. This foundation is based on better reporting, therapy class utilization analysis, and plan design forecast modeling.
• Lower medical costs through reduced utilization of doctors, hospitals, and emergency rooms.

Our consultative approach drives the process to an end result designed to put you in control and back in command of spiraling pharmacy benefit costs. We tailor the ultimate solution to fit your needs.