Rebate Contracting Consolidation Process Directed by PHSI

IndustryManaged Care/ PBM
ProblemA pharmacy benefits manager (PBM) wanted to consolidate rebate contracting that was outsourced by line of business amongst three rebate aggregators.
PHSI SolutionPHSI directed the rebate contracting process with brand pharmaceutical manufacturers over a six-month period. PHSI assisted in contract review, financial evaluations, negotiations, and implementation.
ResultsThe PBM went live with one segment of their business at a rebate yield that exceeded the previous rebate aggregators, and they are planning to internalize the rebate process for the remaining two segments.