Referenced-Based Pricing Is Being Redefined

IN THE NEWS

REFERENCE-BASED PRICING IS BEING REDEFINED

Kenneth B. Berry, consultant to HMC HealthWorks, explains how in healthcare, reference-based pricing (RBP) primarily is thought of as a tool to help engage health plan participants in their purchasing decisions.

Berry’s article, “Reference-Based Pricing Is Being Redefined”, appeared in Benefits Magazine, the trade publication available to members of the International Association of Employee Benefits Plans (www.ifebp.org).

Plan sponsors may be able to cut spending substantially with RBP. HMC HealthWorks is committed toward helping participants pay less for the same procedures, ultimately reducing costs for all while receiving quality care.

Learn more about referenced-based pricing and how it could help you: Reference-Based Pricing Is Being Redefined


Reproduced with permission from Benefits Magazine, Volume 52 Number 10, pages 26-31, October, 2015, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted. Subscriptions are available for purchase by contacting us at 888-334-3327, option 4 or www.ifebp.org/subscriptions.

Christy Heady

Director of Public Relations

cheady@hmcebs.com

(561) 275-8398

Choosing a PBM: Is Your Plan Asking the Right Questions?”

IN THE NEWS

CHOOSING A PBM: IS YOUR PLAN ASKING THE RIGHT QUESTIONS?

March 2017

The approach to select a pharmacy benefit manager (PBM) by issuing a request for proposal (RFP) may fall short of the goal of saving money. An RFP does not really tell employers which PBM can provide them with the lowest prescription drug cost, writes Kenneth B. Berry, consultant to HMC HealthWorks.

In Berry’s article, “Choosing a PBM: Is Your Plan Asking the Right Questions?”, which appeared in Benefits Magazine, the trade publication available to members of the International Association of Employee Benefits Plans (www.ifebp.org), much is to be considered.
Plan sponsors could experience an increase in total spending on drugs.

Learn more how that might be by clicking the link here: Choosing a PBM: Is Your Plan Asking the Right Questions?


Reproduced with permission from Benefits Magazine, Volume 54 Number 3, pages 28-33, March, 2017, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted. Subscriptions are available for purchase by contacting us at 888-334-3327, option 4 or www.ifebp.org/subscriptions.

MEDIA CONTACT

Director of Public Relations

cheady@hmcebs.com

(561) 275-8398