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Press Release MBGH Launches Employer-driven Pharmacy Benefits Management Solution |
Issued by Midwest Business Group on Health Sept. 18, 2019 |
EmployeRxEvolution designed to disrupt the current business model CHICAGO - September 18, 2019 - The United States spends more than $329 billion annually on prescription drugs and the cost for retail prescription drugs is estimated to outpace that of other health care spending. To help employers achieve transparency, remove waste, increase flexibility and get the best price for the billions spent on pharmacy benefits, the Midwest Business Group on Health has launched EmployeRxEvolution. Developed in collaboration with MBGH's non-profit employer purchasing organization, the Midwest Health Purchasers Collaborative, and pharmacy benefits consulting firm Health Strategy, LLC, EmployeRxEvolution is an employer-driven solution focused on transforming the way pharmacy benefits are paid for and delivered. "Employers and other health care purchasers need transparency of the real costs of drugs and for pharmacy benefit managers (PBMs) to focus on high-value drugs that provide the best outcomes for patients," said Cheryl Larson, MBGH president and CEO. "They also want drug formulary decisions to be based on clinical efficacy and safety rather than rebates which are fake money, like a tax return." EmployeRxEvolution enables employers to negotiate savings based on total lives represented to:
Employers can find more information and learn how to participate here. "How pharmacy benefit management is delivered needs to change," said Denise Giambalvo, MBGH vice president. "Employers are in a position to use their collective voice and direct that change. What's important is that they recognize the power they hold and take action." About Midwest Health Purchasers Collaborative About Health Strategy, LLC About the Midwest Business Group on Health BL:hh |
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