No More Hidden Pharmacy Costs: A 4,000-Employee Case Study

When a municipality with 4,000 employees reached out to us, they were facing a common but costly issue: skyrocketing pharmacy expenses. Despite working with a major national benefits firm, their pharmacy program hadn't been reviewed in years. The result? Three budget adjustments in just 5 months to cover rising costs.

This isn't rare. We regularly see employers stuck paying too much because their advisors:

• Miss opportunities due to knowledge gaps
• Avoid doing detailed pharmacy analysis
• Make more money by maintaining the status quo

Here's what we found: By analyzing just 10 medications through targeted pharmacy savings programs, this municipality could save $2-4 million annually. No TPA changes. No carrier switches. No plan design overhauls.

The most striking part? These savings were sitting there untouched, while their budget took hit after hit.

This brings us to a crucial point for any employer: Having a big-name advisor doesn't guarantee optimal results. The key is working with a firm that puts in the work to find these hidden costs and isn't afraid to fix them.

Want to know if you're leaving money on the table?

Let's talk about your pharmacy program.