Pharmacy Benefit Management

“We initially utilized Axia Strategies in 2005 during a review of the transplant network marketplace and in the past year, used Axia in an extensive analysis of multiple PBM options. In both instances, Axia's processes provided our health plan with the necessary product transparency and benchmarking standards we needed to efficiently measure and select our current vendor partners.”

PacificSource Health Plans

Pharmacy Benefit Management

Pharmacy Benefit Management (PBM) is always a critical cost management element of every client. Selecting the right PBM under appropriate contract terms will help avoid poor plan benefit design, costly adjudication and sub-par reporting. Furthermore, knowing how to navigate the PBM contractual process can often equate to millions of dollars in savings.

Axia assists our PBM clients with:

  • Contract Negotiation
  • Rx Utilization Review
  • Specialty Rx Medical Management
  • Trend Management
  • Benefit Design Consultation
  • RFP/RFI Services
  • Auditing
  • PBM Performance Monitoring

 

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