Pharmacy consulting
Optimizing Pharmacy Benefits for Your Business
At JH Berry Risk Services, we understand the rising complexity and cost of pharmacy benefits management. Our Pharmacy Consulting Services are designed to help employers navigate the evolving pharmacy landscape, control rising drug costs, and ensure employees receive the medications they need while maximizing the value of your benefits program.
Why Pharmacy Consulting Matters
Prescription drug costs are one of the fastest-growing expenses in healthcare today, often representing a significant portion of overall benefits costs. Without a strategic approach to managing these expenses, employers can face ballooning costs that negatively impact both the bottom line and employee satisfaction. JH Berry’s Pharmacy Consulting Services provide the expertise and tools needed to effectively manage pharmacy benefits and create a more sustainable, cost-effective solution.
Key Features of Our Pharmacy Consulting Services:
Pharmacy Benefits Analysis: We conduct a comprehensive analysis of your current pharmacy benefits to identify areas of inefficiency or rising costs. By reviewing your pharmacy data, claims history, and plan utilization, we offer actionable insights and recommendations to reduce drug spending while ensuring your employees have access to essential medications.
Formulary Management: Our experts help you design and manage an optimal formulary—balancing cost control with access to medications. We ensure your formulary is aligned with your organization’s goals and provides the right balance between generic and brand-name drugs to manage costs effectively.
Pharmacy Benefit Manager (PBM) Contracting: JH Berry provides guidance on evaluating and negotiating contracts with Pharmacy Benefit Managers (PBMs). We help you secure favorable pricing structures, rebates, and cost-saving opportunities while ensuring transparency and avoiding hidden fees. Our approach ensures that your PBM contract is designed to meet your company’s financial and operational needs.
Specialty Drug Cost Management: Specialty drugs often account for a large portion of total pharmacy spend. Our consulting services focus on strategies to manage these high-cost medications, including patient assistance programs, utilization management, and adherence monitoring. We help you reduce the impact of specialty drug costs while ensuring patients receive necessary treatments.
Clinical Oversight and Cost Management: Our clinical pharmacy experts evaluate drug utilization patterns, ensuring that the medications covered under your plan are appropriate, necessary, and cost-effective. Through strategic plan design, clinical guidelines, and prior authorization processes, we help control costs while improving the overall quality of care for your employees.
Employee Education and Engagement: Helping employees understand their pharmacy benefits is crucial to ensuring effective plan utilization. We provide educational resources and communication strategies that inform employees about cost-saving options, such as generics, mail-order programs, and in-network pharmacies. This helps employees make informed decisions and reduces overall pharmacy costs.
Compliance and Regulatory Guidance: Pharmacy benefits are subject to complex regulations, and ensuring compliance is essential. Our team stays up-to-date with changing pharmacy laws, including federal and state regulations, to ensure your pharmacy benefits program meets all legal requirements and avoids costly penalties.
Why Choose JH Berry Risk Services for Pharmacy Consulting?
At JH Berry Risk Services, our goal is to help you create a pharmacy benefits program that balances cost control with access to necessary medications. With deep industry knowledge and a data-driven approach, we work with you to craft a pharmacy benefits solution that meets your organization’s goals while keeping costs manageable.
Ready to Optimize Your Pharmacy Benefits Program?
Let JH Berry Risk Services take your pharmacy benefits management to the next level. Contact us today to learn more about our Pharmacy Consulting Services and discover how we can help you control costs, improve access to medications, and ensure regulatory compliance.