Rob Tyson’s Post

Recent high prices have driven self-funded healthcare providers to think of strategic ways to sustain medication prices. The main objective of employers is to find ways to lower out-of-pocket costs of drug spending. This is easier said than done due to the complexity of the drug market. Higher transparency levels could benefit employers against these high prices. Transparency is essential within healthcare costs but often difficult to obtain fully. Employers would benefit from full disclosure of medical costs and service evaluations. This could open a door to more fair prices and better accessible services. #SelfFundedHealthcare #MedicationPrices #HealthcareTransparency #EmployeeHealthcare

Cost Savings for Employers One of the most significant advantages of data-driven PBM is cost savings. Rising healthcare costs have been a concern for employers for years. PCA Rx addresses this challenge head-on by helping employers make cost-effective decisions based on data. We analyze prescription drug utilization, identify cost-effective alternatives, and develop strategies to reduce unnecessary spending. Our goal is to help employers provide comprehensive healthcare benefits to their employees while managing costs effectively. This not only benefits the bottom line but also contributes to employee satisfaction and retention. #PCARx #data #costsavings

As an employer, are you ensuring that your healthcare benefits strategy is as effective as it could be? Integrating patient assistance programs (PAPs) via your PBM can dramatically reduce prescription costs for both your organization and your employees. These programs are essential for accessing expensive medications without the hefty price tag, easing your benefits budget while boosting employee satisfaction and adherence to necessary treatments. Is your PBM proactively managing your drug costs? #HealthcareCosts #PBM #PharmacyManagement #PharmacyBenefits #PatientAssistancePrograms #EmployeeBenefits

Earlier this year, two of my extremely talented colleagues and team members Lloyd Fernandes and Aastha Malik wrote a fantastic viewpoint on Pharmacy Benefit Management (PBM) market. Some thoughts: 🔄 PBMs find themselves at a point analogous to where healthcare payers stood a decade ago in terms of sourcing maturity. The challenges they face, both in quantity and complexity, present opportunities for service and technology providers to play a crucial supportive role. 🤔 I often get questions from clients about opportunities in healthcare. While there's no one-size-fits-all answer, the PBM space is certainly worth evaluating. If you're also interested in understanding the dynamics of the PBM sector, feel free to connect with me. I'd be happy to have a conversation. #PharmacyBenefitManagement #HealthcareChallenges #PBMInsights #OpportunitiesInHealthcare #ConnectWithMe

Those of us investing in the health and well-being of our employees are awaking to the reality that we're all in the business of healthcare, that we're called to be good stewards, and that we can have far greater influence over costs and outcomes than we've been led to believe. The movement toward direct contracting for health services as a means to remove the barriers of access, cost, and complexity, is here to stay and Indiana employers are in the vanguard of change agents demanding more from those they engage to help along this path. This Indiana Chamber of Commerce article highlights the movement very effectively as it summarizes some of what we're seeing today while conveying a sense of the possibilities in the near future. Onward 🚀 #StrategicRxStewardship #HealthStewardship #healthcare #healthcareinnovation #employerbenefits Northwind Pharmaceuticals

Employers and consultants should start discussing strategies on how to navigate the newest class of medications used for weight loss. We dig into potential cost considerations, insight into other reasons these drugs are being prescribed, and ideas to mitigate costs when coverage is offered. Need additional guidance? Reach out to MakoRx for a clinical and financial analysis for your health plan and unique member needs. #healthcare #pharmacy #healthcareinnovation #patientexperience #medical

What makes AssureCare distinct from other companies? The AssureCare leaders reflect on forging connections within the healthcare ecosystem. Mahendra Vora Yousuf Ahmad, DrPH, MHSA, MBA, MS, FACHE, FACMPE Mayur Yermaneni, MBA, MS Greg Silence Natasha King Marina Brown #populationhealth #healthcare #healthcareecosystem #pharmacyinnovation #Payors #HealthcareChallenges #HealthcareInnovation #pharmacy #pharmacists #healthcareproviders

These threats to employer sponsored health plans impact small, medium and large business. The GOOD news…there are solutions to help small, medium and large employers! Want to know what they are and how they can help your business health plan? Reach out and I’ll tell you.

MedCity News surveyed over 100 seasoned healthcare benefit consultants for their perspectives on changes in healthcare benefits and employer priorities. The report, sponsored by Quantum Health, highlights the impact of healthcare innovation on the high-cost pharmacy landscape, including the increasing influence of GLP-1 weight-loss drugs. 47% of consultants are advising clients to either expand or decrease coverage of GLP-1s, depending on the client’s needs. Quantum Health's #healthcarenavigation offers guidance and support to both employers and members as they navigate healthcare innovations and assess their ROI impact:https://hubs.ly/Q02DMmB10 Read more key findings of #TheIndex2024 consultant survey: https://hubs.ly/Q02DMr9m0 #EmployeeBenefits #TheIndex2024 #GLP1

Sixty-two percent of consultants believe independent healthcare navigation offers a better member experience. Discover more insights from over 100 skilled benefits consultants on the evolving healthcare landscape in our latest study with MedCity News. Get the report 👉 https://hubs.ly/Q02JCxbc0. #HealthcareNavigation #EmployeeExperience