𝐃𝐨 𝐲𝐨𝐮 𝐭𝐫𝐮𝐬𝐭 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮𝐫 (𝐏𝐁𝐌) 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 𝐢𝐬 𝐝𝐨𝐢𝐧𝐠 𝐫𝐢𝐠𝐡𝐭 𝐛𝐲 𝐲𝐨𝐮? Here are a few questions to ask your PBM: Is there independent oversight through 100% claim review? Do they analyze the contract and confirm that all rebates are directed to you the employer (100% pass-through model)? The following article is an example of how wrong it can go. #CFO #CEO #HR
sounds pretty nasty that they pull stuff like that, allegedly of course.
Thanks for sharing this Ken!
In today's competitive job market, small businesses need creative solutions to attract and retain top talent. Offering a robust employee benefits package can be a game-changer, demonstrating your commitment to employees' long-term well-being. Benefits of a Strong Employee Benefits Package: 1. Attract and retain talented employees 2. Foster a healthier workforce 3. Boost company culture and morale HR Tip: Conduct annual employee surveys to understand what benefits are most valued. This feedback, combined with claims utilization data, can help you make impactful changes to your benefits strategy. Want to learn more? Read the latest blog post, “Pharmacy's Role in Your Small Business Benefits Budget” from AssuredPartners at https://lnkd.in/ePNR8YNc. #SmallBusiness #EmployeeBenefits #HR #Pharmacy #WorkforceWellness #TalentRetention #AssuredPartners
Achieving your healthcare benefit goals is within reach! Discover how high employee engagement driven by care navigation leads to improved outcomes, lower costs, and a better employee experience. Read our latest blog to learn more. #healthcarebenefits #carenavigation #advocacy #Rightway
💡Sense-Making, Certainty and Dealing with Complexity🧩Problem Solver 🛠️ Employee Benefits Specialist at AssuredPartners. 🏛️ Mayor South St. Paul, Minnesota🌌
Did you know 43% of employees affirm that their existing benefits packages are a key factor in retaining their current positions? Discover strategies your small business can use to enhance your employee benefits packages, fostering employee retention without straining your budget. https://bit.ly/3zEYRs6
3️⃣ factors are accelerating healthcare costs beyond what we’ve historically seen: • Industry consolidation – how vertical and horizontal industry mergers and acquisitions are exacerbating market leverage • Prescription drugs – the double-edged swords of incredible innovations and the chase for rebates • Overuse of high-cost sites of care – the ripple effects of the escalating reliance on expensive healthcare settings Top leaders from across the healthcare industry identify strategies for slowing down these soaring healthcare costs in this #NEEBCSummit2024 keynote: Jeffrey Hogan, Upside Health Advisers David Auerbach, MA Health Policy Commission John Rodis, MD, MBA, FACHE, CPHQ, Arista Healthcare Ellie Adair, Institute for Clinical and Economic Review (ICER) #healthcare #healthcarecosts #prescriptiondrugcosts #hrstrategy #hrsolutions #employeebenefits #totalrewards
There has been a lot of buzz lately around weight loss drugs like Ozempic, what is covered in specialty pharmacy, financial and mental wellbeing and much more. If you're seeking answers or want to learn about 2024 compliance and regulatory changes, look no further! This great article highlights the trends and what's to come throughout the year. Check it out. #2024trends #2024healthtrends
Join Mike Stull and Madison (Evans) Connor, as they begin our 2024 PBM Sightline Series, with PBM Fundamentals. Attendees will gain insight into market forces impacting pharmacy trends, different PBM pricing models, strategies to manage specialty pharmacy and more. 📅: 2/27/2024 🕰️: 3:00PM - 4:00PM ET Learn more and register for the webinar below. #pbm #webinar #healthbenefits
Great read for benefits managers and all HR staff that are involved in benefits decision-making. Having effective controls on your RX program and understanding alternatives, in both process & vendor selection, are of vital importance! #PBM #RX #benefitspro
Curious about weight loss drugs in the workplace? Don't miss Marsh McLennan Agency's upcoming webinar about the pros and cons of GLP-1s from an employer's perspective. We'll be live on April 9 at 2:00 pm, ET. Register today! #pharmacybenefits #employeebenefits #HR #CFO #MarshMMA
Employee Benefits Account Executive and Healthcare Consultant at Johnson, Kendall & Johnson, Inc.
Good article here from SHRM about trends to watch in the benefits space. Atop the list was the decision to cover or exclude GLP-1 drugs. This is already a prevalent talking point among carrier partners, clients and industry leaders. The decisions around GLP-1 drugs will play an important role as employers weigh the cost benefit of offering these drugs. Typically, GLP-1's are very expensive and controlling healthcare costs will continue to be top of mind for employers in 2024. Also among considerations for HR folks and Finance leaders are mental health offerings, increased pay transparency and financial health offerings. Johnson Kendall Johnson #EmployeeBenefits #GLP1 #MentalHealth #HealthcareCostContainment #healthcarecosts #financialwellbeing #paytransparency
Employers overpay for healthcare by 3X. Pay less. Same doctor. Same hospital.
8moEmployers are now responsible for health plan management as a co-fiduciary. The same way an employer is responsible for managing a 401k. If your current Broker is not having these conversations, you may want to consider a second opinion. The other option is a mound of legal fees.