Consulting Services

You’ll benefit from our proven, four-step process that provides the structure and sequence for our relationship and activities. Plus, you’ll receive customized reports that serve as the capstone of each step.

Negotiate

With a better understanding of your vulnerabilities and potential savings, start your next contract negotiation with more confidence. We currently have billions in annual drug spend under management, so rest assured you have a team of experts guiding the way.

Leverage a trusted partner in the process.

Health Strategy typically works side-by-side with our clients to negotiate with pharmacy benefit managers, but we can also engage with them directly on your behalf. We’ll provide our best practice definitions, pricing terms, and conditions. We’ll also update the financial models as the offers improve and both parties resolve contractual nuances.

If a negotiation with your current PBM isn’t likely to achieve your goals, Health Strategy can help you successfully navigate the open-market RFP process. Our experience allows you to minimize the effort required and avoid the pitfalls of the typical process.


Raise your expectations of what’s possible.

Health Strategy clients average 10-15% annual savings versus current trends. A sizable number of our clients achieve above average savings of 16-25% annually with our more aggressive strategies.

DELIVERABLE

New PBM Contract

With your new contract, you’ll be more confident and more prepared to manage your costs without sacrificing what your employees need. Less ambiguity and greater savings—all documented.

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“We engaged Health Strategy to help guide our pharmacy strategy in 2010 and have been working with them ever since. The return on investment every year has been greater than 15:1.

Health Strategy is engaged on every one of our PBM and pharmacy related calls to ensure they are up to speed on all facets of our pharmacy benefit. They weigh in and provide recommendations on all pharmacy strategy decisions. Working closely with us, they created our plan design, created a custom formulary and provide ongoing management of it. These items have allowed us to enjoy a world class 89% generic dispensing rate with significant annual savings.”

–Benjamin Ryder, Sr. Benefits Manager, Whirlpool Corporation