The True Cost of PBM Services: DisclosedRx's Approach

Most brokers aren't fully aware of all the ways Pharmacy Benefit Managers (PBMs) make money. This lack of awareness can lead to unexpected costs and reduced benefits for clients. At DisclosedRx, we're changing this.

Uncovering the Industry's Hidden Practices

Traditional PBMs often operate using various methods to generate revenue that may not be immediately apparent to brokers or clients. These hidden fees can significantly impact the overall cost of pharmacy benefits, affecting both employers and their employees.

Some common hidden revenue sources include:

1. Spread pricing
2. Rebate retention
3. Copay Clawbacks
4. Administrative fees
5. Data sales

Without Full Disclosure, these revenue streams can remain obscured, making it challenging for brokers to truly understand the full cost of PBM services.

DisclosedRx: A New Standard in PBM Services

At DisclosedRx, we've taken a different approach. As The Fully Disclosed PBM?, we've eliminated all hidden fees from our business model. Here's how we're different:

1. Full Disclosure: We provide complete visibility into all aspects of our pricing and operations. There are no hidden fees or obscure revenue sources.
2. Fiduciary Responsibility: We operate as a Fiduciary PBM, which means we're contractually and ethically bound to act in the best interests of our clients. This isn't just a phrase – it's a commitment that guides every decision we make.
3. Risk Acceptance: We know we are sticking our neck out by acting in a fiduciary role. If we make a mistake, we own it and pay for it. We're willing to take on that risk because we believe it's the right thing to do.
4. Member-Centric Approach: Our Member Service team ensures that every individual receives the support they need, further demonstrating our commitment to Full Disclosure and client satisfaction.

The DisclosedRx Advantage

By choosing DisclosedRx as your PBM, you gain:

1. Complete Visibility: No more guessing about hidden fees or questioning the true cost of your pharmacy benefits.
2. Potential Cost Savings: With all fees disclosed and our fiduciary responsibility to act in your best interests, you can often realize significant cost savings.
3. Peace of Mind: Know that your PBM is contractually obligated to work for your benefit, not their own profit margins.
4. Improved Decision Making: With Full Disclosure, you can make more informed decisions about your pharmacy benefits strategy.
5. Aligned Interests: Our success is directly tied to your satisfaction and savings, creating a true partnership.

At DisclosedRx, we're not just talking about change – we're doing it. By embracing Full Disclosure and fiduciary responsibility, we're setting a new standard in the PBM industry. We invite you to see the difference that Full Disclosure can make.

Want to learn more about how DisclosedRx can improve your pharmacy benefits? Visit our website to see how we can help you achieve clarity, savings, and confidence in your PBM relationship.

https://disclosedrx.com/

Choose DisclosedRx – where your interests always come first.