Rebate Contracting Consolidation Process Directed by PHSI
Industry | Managed Care/ PBM |
Problem | A pharmacy benefits manager (PBM) wanted to consolidate rebate contracting that was outsourced by line of business amongst three rebate aggregators. |
PHSI Solution | PHSI directed the rebate contracting process with brand pharmaceutical manufacturers over a six-month period. PHSI assisted in contract review, financial evaluations, negotiations, and implementation. |
Results | The 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. |