101 Series: Managing Your Pharma Spend In Times of Change

101 Series: Managing Your Pharma Spend In Times of Change

Addressing pharmaceutical costs is a top priority for benefits managers, and the challenge is only growing. This 101 series course, Managing Your Pharma Spend In Times of Change, will provide the critical knowledge and practical strategies you need to control rising pharmacy spend, which, if not managed properly, can erode your company's bottom line. You'll go beyond the basics to learn key areas of pharmacy benefit management (PBM), using data-driven insights and proven techniques to optimize your plan's performance and deliver real savings. 

Key Takeaways:

• Learn to identify key contract terms and reconcile rebates by component to maximize savings. You'll also learn how to use a formulary to get better terms. 
  
  
• Get strategies to manage high-cost specialty drugs, which make up over 50% of costs despite being less than 1% of prescriptions. 
  
  
• Use claims data and predictive analytics to spot cost drivers and outliers, forecast high-cost drugs, and make informed decisions.