6 ways to supercharge your PBM search
The 2024 RFP season is the perfect time to reflect on the impact and effectiveness of your current pharmacy benefits manager (PBM). Are you ready for an upgrade?
With the 2024 RFP season here, now is the perfect time to reflect on the impact and effectiveness of your current pharmacy benefits manager (PBM). Are you ready for an upgrade?
If you’re unhappy with your current PBM, you’re not alone. A recent report showed overall PBM satisfaction at its lowest point since 2014. And the likelihood to renew continued a downward trend that began in 2021.1
If you decide it’s time for a change, there are ways to ratchet up the RFP process and find the PBM you deserve. Whether you’re managing the process on your own or working with a broker/consultant, taking time to map out your must-haves will help you find a partner you can trust.
Time to search for a new PBM? Put these six tips in your RFP toolbox:
Not ready to switch?
The PBM search doesn’t have to be daunting. If you’re not ready to fully move on from your current PBM, our member-empowerment platform, myPrescryptive, can seamlessly plug into your existing plan. Through secure text messages at the point of care, members will understand their prescription drug costs, insurance coverage, payment options, lower-cost alternatives, filling pharmacy, and more.
1 Pharmaceutical Strategies Group (PSG) 2023 Pharmacy Benefit Manager Customer Satisfaction Report