Washington, DC (PRWEB) February 14, 2013
Paying greater attention to non-rate components of PBM contracting can help pharmacy benefit administrators and plan sponsors avoid costly misunderstandings. The latest webinar from Atlantic Information Services, Inc., “PBM Contracting: Strategies to Achieve Effective Relationships Between PBMs and Health Plans,” will highlight key things to consider and offer strategies for all parties to secure a strong relationship and greater value.
When selecting a PBM or pharmacy benefit administrator, plan sponsors tend to focus narrowly on the rates being offered upfront for services such as network development and rebate administration. But some of the frequently overlooked aspects of the agreement — such as terms, definitions and the responsibilities of the parties — can contribute tremendously to the overall effectiveness and satisfaction with the contract and the long-term relationship between the parties.
In this Feb. 25 webinar, Helen Sherman, R.Ph., Pharm.D., a pharmacy benefit consultant and vice president at Solid Benefit Guidance, and Sam Brown, a pharmacy benefit attorney with The Phoenix Law Group, will provide answers to these and other big-dollar questions:
- What are some of the most important, yet commonly overlooked, components of PBM procurement? Why are they important?
- What are the terms, conditions, definitions and services that should be considered in contracts for PBM services?
- What approaches to Medicare Part D star-quality ratings should be included in an agreement between PBMs and Part D sponsors?
- What are some of the dynamics of specialty pharmacy contracting?
Learn how to secure a positive, effective relationship through the contract terms between PBMs and plan sponsors. Visit http://aishealth.com/marketplace/c3p08_022513 for more details and registration information.
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for more than 25 years. It develops highly targeted news, data and strategic information for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, websites, looseleafs, books, strategic reports, databases, webinars and conferences. Learn more at http://www.AISHealth.com.