Prescription Benefit
Management Consulting
Lower your pharmacy benefit
costs—without sacrificing the quality of your plan.
Excelsior Solutions helps reduce your plan’s prescription medication costs by analyzing and optimizing every aspect of your PBM program. We then help you implement changes for measurable savings. Our PBM program services consist of a three tiered approach:
- We conduct PBM claims review and auditing to identify opportunities for cost savings.
- We assist with PBM negotiation to help you secure the most favorable vendor relationships and contracts to help you with the unit cost of the claims that are processing through your plan.
- We assist in the day-to-day management and follow up with your vendors to ensure that they adhere to their commitments and that decisions are implemented properly and in YOUR best interest. This ongoing work provides the most significant savings...the management of your year over year trend line. Small improvements in the financial metrics of the deal are insignificant when measured against the ongoing management of utilization patterns. Even small decisions or deviations from the agreed-upon road map can have a significant impact on cost.
Our PBM program services adhere to the highest ethical standards. We recommend solutions, not specific vendors. Excelsior Solutions has no ties to any particular Prescription Benefit Management firm. Additionally, we state in all of our contracts that we do NOT receive any remuneration from any PBM broker or other third party. Because of this, we always are aligned with your objectives and because the vendors know that they are all treated fairly, we receive the most aggressive offers for our clients. This allows us to give you the best-suited solution for your business needs.
Transparency: openness, communication and accountability; to see through; freedom of information legislation, budgetary review, audits, etc.
Unbiased: fair, impartial, without favor or blame
This is only one of the ways in which
Excelsior Solutions can provide measurable cost savings. We also
offer expertise in:
Discover how Excelsior Solutions can deliver measurable savings for your organization. Contact us today for a
no-obligation consultation. |
