TSBGH endorsed Prescription Solutions as its pharmacy benefit manager (PBM) in 2004 for member companies that self-fund their pharmacy benefit.
Our group purchasing program through Prescription Solutions boasts the unique blend of full transparency with 100% pass through of discounts and 100% pass through of rebates.
Members enjoy:
- 100% autonomy & flexibility in setting their own plan benefit design
- Personalized, direct account management from both an administrative account manager and a clinical account manager
- Detailed performance reports with ad hoc reporting capabilities
- Unique programs to support employees & their covered dependents in the appropriate use of lower cost medications
How Our Program is Different
There are strong differences between the typical pharmacy benefit programs available today, often referred to as “traditional” pharmacy benefit programs, and our “traditional” pharmacy benefit program. Learn more about the differences.
How Our Program Results in Employer Savings
Savings are generated in a number of ways:
- Generic Drugs. Because 100% of discounts are passed through to the employer, average discounts for generic drugs are much deeper than in traditional programs where a portion of the generic discount is typically retained by the PBM
- Lower Cost Drugs. Because there are no hidden revenue streams such as from retaining a portion of drug rebates, there is an emphasis on promoting lower cost drug options such as through generic drug promotion and over-the-counter drugs
- Ongoing, Aggressive Pricing. Pass-through pricing occurs “real-time”, so as contracts are renegotiated and better pricing obtained, it is immediately implemented.
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