#77 - Innovative Approaches to Pharmacy Benefit Solutions

Buckle up for a journey through the complex world of pharmacy benefits on the latest episode of The ASHHRA Podcast! 🎧

In this episode, "Innovative Approaches to Pharmacy Benefit Solutions," hosts Bo and Luke dive deep with industry experts Becky Grant and Craig Abrahamson from RxBenefits to explore how healthcare HR professionals can navigate the ever-evolving landscape of pharmacy benefits management.

Key Insights You Can't Miss:

- **The Unique Approach of RxBenefits:** Learn how RxBenefits stands apart from traditional PBMs by focusing on meaningful client engagements rather than owning distribution channels. Plus, find out how their short-term contracts offer annual financial improvements.

- **Strategies for Employers:** Discover how RxBenefits helps employers get the most out of their pharmacy resources, positioning them for revenue growth and better community healthcare.

- **Financial Savvy in Healthcare HR:** Understand why Bo and Luke are passionate about helping you build your business acumen, especially when it comes to evaluating pharmacy service contracts that can save your organization millions.

- **The Challenge of Balancing Interests:** Hear Craig talk about the competing interests within pharmacy benefits and the importance of partnership in this intricate area.

- **Maximizing Pharmaceutical Procurement:** Becky shares her insights into creating a personalized experience both for members and clients, ensuring adherence to promised benefits, and optimizing plan performance for the long haul.

Connect, Learn, and Save:

Engage with real-world scenarios that outline the crucial role HR plays in managing costs without compromising patient care. From budget-friendly pharmacy plans to the importance of differentiating medical and pharmacy contracts, this discussion is packed with takeaways for your team.

The episode also includes lighter moments where Becky gives thanks to her dedicated healthcare team and her military-serving children, while Craig throws support behind Yukon Huskies basketball.

This is an episode that promises to arm you with the knowledge to make informed decisions and foster collaboration within your healthcare organization. We encourage you to listen, share with your network, and continue the conversation around the significant impact of pharmacy benefit management.

Stay Well-Informed,

The ASHHRA Podcast Team

This episode is sponsored by RxBenefits... Unlock Pharmacy Plan Potential!

Your employees expect top-tier medical benefits, like comprehensive care access. But how can you balance these expectations against rising costs, across your full benefits portfolio?

 Find savings and opportunities in your most highly utilized benefit - your pharmacy plan.

 Did you know that hospital employees fill 25% more prescriptions each year than other industries? How can you tell if all those prescriptions were needed, or if you could have had significant cost savings by filling at your own hospital pharmacies?

Contact RxBenefits today to learn more: https://rxbene.fit/48n8VS8