JP Morgan Chase is the latest in a series of lawsuits highlighting the role of employers in holding their PBM accountable for being good stewards of the plan funds.?This case highlights the real implications for plan sponsors stemming from the financial conflicts of interest inherent in large #pbms. ? The good news for employers is that there are alternatives to working with these conflicted models. At Archimedes, we are proud of the work that we do to lower the cost of #specialtydrugs for our clients. Under the mindset of "managing every dollar as if it were our own" we reduce specialty spend by 25 - 50% in the first year with savings sustained over time. In fact, our specialty PBM program was cited in the court documents as an example of plan sponsors doing the right thing for their plan, in addition to highlighting that HTA member companies using Archimedes are seeing reductions of 47% through our program.?If your PBM isn't producing results like this, it may be time to see how working with a transparent, aligned PBM with a laser focus on specialty drug benefits can produce significant savings while taking great care of your members. #alignment #transparency https://lnkd.in/dkQKxFss
Archimedes
医院和医疗保健
Brentwood，Tennessee 4,891 位关注者
Discover a better way to manage specialty drugs.
关于我们
Specialty drug spend is the single fastest growing healthcare expense. Recognizing the potential clinical value of these drugs, plan sponsors want to provide them to their enrollees—but to maintain an affordable, sustainable benefit in this rapidly changing environment, they must also control costs. To do this, plan sponsors need quantitative information about which strategies work to target drugs to those in need of them and they must minimize use of clinically ineffective therapies and reduce waste. However, the guidance and services provided to plan sponsors to achieve these goals is not always objective or complete. Recognizing these challenges, Archimedes offers specialty drug management solutions for health plans, TPAs, employers, labor groups, and other plan sponsors across the U.S, without any potential conflicted financial relationships with specialty pharmacies or PBMs. Like the scientist and inventor who provided the inspiration for our name, we leverage an unmatched combination of analytic expertise, technological capabilities, experience, and pragmatism to provide plan sponsors with the support that they really need to control the growing cost of specialty drugs across the pharmacy and medical benefits. Fundamental to our business is the belief that full visibility into the economics and clinical performance of a specialty drug program is critical to making informed decisions concerning specialty drug management.
- 网站
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https://ArchimedesRx.com
Archimedes的外部链接
- 所属行业
- 医院和医疗保健
- 规模
- 51-200 人
- 总部
- Brentwood，Tennessee
- 类型
- 私人持股
- 创立
- 2016
地点
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主要
获取路线
5250 Virginia Way
Ste 300
US，Tennessee，Brentwood，37027
Archimedes员工
动态
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Archimedes' Chief Clinical and Product Officer Heather S. was on the road again this week sharing her #specialtydrug expertise at the USI Insurance Services employer conference in Cincinnati. We appreciate the opportunity to share our perspectives on proven strategies for lowering specialty drug costs.
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Did you know that 70% of employers with stop loss have an injectable drug claim? (source: Sun Life 2024 report)?Employers simply can't afford to have these high-cost claims go unmanaged. Archimedes Chief Product and Clinical Officer Heather S. is gearing up to share her perspectives on this topic and what plan sponsors can do to take control of their #specialtydrug spend at tomorrow's Sun Life MVP webinar.
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Employers do not have to settle for simply reducing the rate of specialty cost growth. Significant reductions in spend are possible when you are working with the right partner. This employer’s spend remains 49% lower after 3 years, illustrating the sustainability of Archimedes’ specialty PBM program over time. #pharmacybenefits #specialtydrug #pbm
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Can your PBM hold up to these standards? The Archimedes model serves the best interests of our clients and no one else - not the pharmaceutical manufacturers, not the pharmacies - no one. #pharmacybenefits #pbm #specialtydrugs
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Wishing all our valued clients and colleagues a joyous and peaceful Christmas. We appreciate your support and look forward to a successful year ahead.??? #MerryChristmas
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Wishing everyone a joyous and peaceful holiday season filled with warmth and cheer! ?? #HappyHolidays
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Putting our clients first isn’t just a slogan at Archimedes, it’s our guiding principle. We’re committed to building strong, lasting relationships based on trust, transparency, and exceptional service. #clientfocused #customercentric #business #success #relationships
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Archimedes转发了
Happy Thanksgiving! ?? We’re grateful for our amazing team, clients, and partners who’ve trusted us to address rising specialty drug costs. Wishing everyone a wonderful holiday filled with joy and gratitude. #Thanksgiving #Grateful
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Happy Thanksgiving! ?? We’re grateful for our amazing team, clients, and partners who’ve trusted us to address rising specialty drug costs. Wishing everyone a wonderful holiday filled with joy and gratitude. #Thanksgiving #Grateful
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