Cooperative Benefits Group (CBG)

Cooperative Benefits Group (CBG)

Hospitals and Health Care

Midvale, Utah 427 followers

Building myriad healthcare entities through acclaimed clinical, operational and digital expertise and solutions.

About us

We partner with forward-thinking entities seeking to engage in their pharmacy experience, to achieve self-sufficiency through differentiated, cost effective, and easy to use healthcare resources. From owning a fully operational PBM to managing healthcare spend, we will deliver affordable, member-focused experiences at scale.

Industry
Hospitals and Health Care
Company size
51-200 employees
Headquarters
Midvale, Utah
Type
Partnership
Founded
2019

Locations

Employees at Cooperative Benefits Group (CBG)

Updates

  • The House Committee on Oversight and Accountability report, “The Role of Pharmacy Benefit Managers in Prescription Drug Markets” describes PBMs as essential players in the prescription drug market, but their practices have raised serious concerns. Traditional PBM models have been criticized for increasing costs and limiting transparency. CBG’s transparent PBM model lowers net cost for patients and payers. Our approach: 💲 Lowest net cost ➡ Pass-through pricing  💊 Clinical drug management  🔍 Rebate transparency With FTC investigations, lawsuits, and proposed state and federal oversight, changes are likely on the horizon. CBG voluntarily adopted a transparent and ethical model. So, while other PBMs will scramble to comply with new regulation, CBG is at the forefront, demonstrating the success of a better way.  Read the full report here: The Role of Pharmacy Benefit Managers in Prescription Drug Markets. https://lnkd.in/epiF-8M5  #CBG #RealRx #PBM #TransparentPricing #CostSavings 

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  • As a Client Account Manager, Katelyn Smithhisler’s primary focus is making sure our clients succeed. While Kayti has worked in the PBM/Pharmacy industry for 11 years, she considered leaving the industry as she became more disenchanted with the pricing manipulation common in pharmacy benefits. Kayti decided to join CBG when she saw how our commitment to integrity and transparency sets us apart. Our leadership genuinely cares about every employee, and that dedication extends directly to how we care for our clients. Kayti’s account management philosophy: if our clients succeed, we all succeed. Building strong relationships is at the heart of everything Kayti does – it’s the foundation of success for everyone involved! Here’s how she contributes to client success: 🤝 Acting as a Liaison: Kayti ensures seamless communication between our clients and all the departments at CBG, from TPAs to vendors, making sure all elements work together. 📈 Enhancing the Member Experience: By going the extra mile, Kayti helps to ensure that members are satisfied. When members are happy, the plan thrives. 🔮 Looking to the Future: Staying ahead of industry trends is essential. Kayti collaborates across departments to deliver tailored solutions that keep both CBG and our clients ready for whatever changes come. 🔧 Full-Time Support: Whether she’s involved with audits, system support, or legal industry standards, Kayti is fully committed to ensuring smooth operations and delivering excellent service. 💡 Problem Solving: Kayti enjoys tackling challenges and delivering creative, innovative solutions that make a real impact for our clients. Every day brings a new challenge Together, Kayti and the CBG team ensure savings with integrity and a client experience built on trust.

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  • Cooperative Benefits Group (CBG) reposted this

    View profile for Mark Fowler, graphic

    Lifelong Learner | COO | CTO | CIO | Cloud Evangelist | AI Advocate | Technology Executive

    We are hiring! Cooperative Benefits Group (CBG) is growing and we're looking for some great talent to join our team ASAP. These are all new positions, not backfills. Manager, Data & Integration Engineer: https://lnkd.in/eFG48rhn DM Shaun Nieves for more information. We want to talk with you if you: 🔥 Have a passion for data and integration 💻 Excel at SQL, Python, ELT/ETL, AWS database technologies 🏥 Have professional experience working in a healthcare or insurance environment 🧙♂️ Have watched Lord of the Rings more than once Principal Business Analyst:  https://lnkd.in/eZUxiaA3 Senior Business Analyst: https://lnkd.in/ebF3Mw-9 DM Bethe P. or myself for more information. We want to talk with you if you: 🧩 Have a passion for solving complex PBM operational challenges, including benefit and plan design 💾 Can hold your own in SQL, report building, and advanced troubleshooting with eligibility & pharmacy claims data 🤝 Excel at communication, collaboration, and influencing cross-functional teams Pharmacy Technician Service Agent:  https://lnkd.in/eArp5Xvp DM Bethe P. for more information. We want to talk with you if you: 💊 Have a passion for helping members with their pharmacy needs 🤝 Work well in a team and have strong communication skills 🏃♀️ Are comfortable working in a fast-paced environment Cheers!

  • We have a confession…CBG has a second, secret identity as a tech company. 😎 PBM is a complex industry. Our technology teams, including software engineers and operations managers, focus on automating and streamlining manual operations so we can continue to serve members even more quickly and accurately. Great work, as always, Shaun Nieves, Matt Larsen, Davis Hansen, Jordan Gresham and Mike Buckley

    View profile for Shaun Nieves, graphic

    Cloud Disciple | Marine Corps Veteran | GeekVenturer

    𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: 𝗔 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗦𝘁𝗼𝗿𝘆 𝗶𝗻 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 𝗠𝗼𝗱𝗲𝗿𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 At Cooperative Benefits Group (CBG), we're constantly striving to innovate and improve our operations. Today, I'm excited to share a recent success story that exemplifies our commitment to efficiency and technological advancement. Our team recently completed a project that transformed an outdated, manual process into a streamlined, automated system. This initiative, led by our business partners and a talented group of software engineers, tackled a critical part of our benefit configuration process. 𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 For years, we relied on a manual system involving Excel spreadsheets for a crucial aspect of our operations. While this method served its purpose in our early days, it became clear that we needed a more efficient solution to match our growth and evolving needs. 𝗧𝗵𝗲 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 Our team developed a custom application using Retool for the front end backed by an internally developed API hosted in Amazon Web Services (AWS) that digitized the entire process and introduced real-time updates and automated submissions. This new system represents a quantum leap in our operational efficiency. 𝗧𝗵𝗲 𝗜𝗺𝗽𝗮𝗰𝘁 The results have been truly transformative: • Reduced processing time dramatically. • Increased capacity to handle large-scale projects. • Minimized potential for human error. • Improved data accuracy and accessibility. To put this in perspective, a task that previously consumed multiple workdays can now be completed before lunch. This level of efficiency gain saves time and allows our team to focus on more strategic initiatives providing better outcomes for our members. This project highlights our CBG’s innovative spirit and ability to improve long-standing processes. It showcases our commitment to leveraging technology to drive efficiency and growth We're proud of our culture of continuous improvement and the talented individuals behind it. Looking ahead, we remain focused on pushing boundaries and finding innovative solutions to complex challenges. All of this was made possible by the amazing work done by Matt Larsen, Davis Hansen, Jordan Gresham and Mike Buckley. #innovation #processimprovement #techtransformation #efficiencyinaction

  • Joyce Canning exemplifies CBG's commitment to transparency and positive change in the PBM industry. Her genuine care for clients and members motivates all of us to keep improving. A big thank you to the Pharmacy Benefit Management Institute for hosting informative meetings on important topics! #pbmi #CBG #pharmacybenefits

    View profile for Joyce Canning, graphic

    Cooperative Benefits Group (CBG)

    Last week, I had the opportunity to attend the annual PBMI conference in Orlando, Florida, and connect with like-minded professionals who are passionate about making a positive impact in the PBM world. The candied bacon wasn’t the only highlight… The conference also highlighted critical issues shaping our industry, including: ·  Drug shortages ·  The rise and impact of GLP-1s ·   Increased financial pressures on retail pharmacies – expanding pharmacy deserts ·   The role of AI in managing care and costs As the FTC’s investigation into the practices of the “Big 3” PBMs intensifies and officers are called back to testify before Congress, the conversation turned to increased fiduciary responsibility and the additional accountability on plan sponsors. This is a crucial reminder of the importance of partnering with a PBM that already complies with the Consolidated Appropriations Act (CAA) of 2021—like ours, where transparency is at the core of everything we do. The PBMI conference served as a powerful reminder of why we’re committed to what we do: driving positive change in the industry, delivering transparency, and putting clients first. I left the conference energized to continue these important conversations and be a part of the solution. Jeff Dunn Mark Fowler RealRx Cooperative Benefits Group (CBG) #pbmi #pbmi2024 #transparency #pbm #realrx #cbg #bethechange

  • View organization page for Cooperative Benefits Group (CBG), graphic

    427 followers

    CBG's RealRx PBM Outperforms GoodRx and Mark Cuban Cost Plus Drugs with 59% Lower Average Drug Prices Using 309,317 actual pharmacy claims, @Tyler Lister, PharmD and a team of clinical pharmacists compared RealRx drug prices to online discount providers. RealRx prices are 24-80% lower for the most prescribed medications. In addition to transparent pricing, our members have clinical support and patient assistance that you can’t get from a coupon card. Read more about Tyler’s choice to pursue a career in Managed Care and how his work at CBG keeps costs low for our clients and members. https://lnkd.in/geuFbRes

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  • View organization page for Cooperative Benefits Group (CBG), graphic

    427 followers

    CBG is proud to be represented by Joyce Canning, Brad Butler, and Jeff Dunn at the PBMI Annual National Conference in September! Join us there to learn more about topics impacting the pharmacy benefits management industry.

  • Using AI to Better Serve People. Cooperative Benefits Group (CBG)/RealRx uses an AI team member, Maia, to complete tasks like accurate data entry and document processing so our human team can focus on problem solving and caring for our clients and members. Chief Technology Officer, Mark Fowler, describes how Maia has enhanced our operational efficiency to maintain compliance and streamline pharmacy benefits management.

    View profile for Mark Fowler, graphic

    Lifelong Learner | COO | CTO | CIO | Cloud Evangelist | AI Advocate | Technology Executive

    Meet Maia, Cooperative Benefits Group (CBG)'s newest team member - and she's powered by AI. 🤖 We're transforming healthcare operations with this innovative assistant, streamlining everything from RFPs to compliance tasks. Maia is helping us work smarter and faster, proving that ethical & transparent AI can be a real game-changer in healthcare. Curious to learn more about how AI is reshaping our industry? Stay tuned. #AIinHealthcare #InnovationAtWork #MeetMaia https://lnkd.in/eY4Ws8fz Shaun Nieves Spencer Judd Camille Sanders Doug Burgoyne Jeff Dunn Joyce Canning

    Maia: How Our AI Employee is Revolutionizing Healthcare Operations at CBG

    Maia: How Our AI Employee is Revolutionizing Healthcare Operations at CBG

    shouldroforion.medium.com

  • Cooperative Benefits Group (CBG) reposted this

    View profile for Matthew Jacobson, CPA, graphic

    Partner/VP, Finance

    We're thrilled to announce an opportunity to join our team at Cooperative Benefits Group! If you have 3+ years of progressive HR experience and excellent communication skills, we want to hear from you. Enjoy a collaborative culture and fantastic benefits. Apply now! Cooperative Benefits Group (CBG)

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