PBGH Waste-Free Formularies Save You Money
PBGH is helping employers reduce pharmacy costs by pushing for greater price transparency and providing guidance on how to remove wasteful drugs from formularies.
Pharmaceutical spending is too often dictated by a twisted and opaque supply chain that favors higher-priced unnecessary drugs. Investigation of the pharmacy benefit manager (PBM) industry and its profit model, coupled with a deep evaluation of the utilization patterns of self-insured employers, led to a Waste-Free Formulary Guidebook and Calculator that has resulted in millions of dollars in savings for large employers.
A major university worked with PBGH to achieve a 40% reduction in annual drug spending by developing a higher-value, waste-free formulary.