MyRxConsultant
Take control of your data with MyRxConsultant
MyRxConsultant features
Summary report
Ingredient cost report
Top drugs and drug classes paid by plan
Top 10 drugs by claim count
Experience by drug type
MyRxConsultant benefits
Review Pharmacy Benefit Managers invoices
Improve contract negotiations
Confirm contract performance
Identify cost drivers
Track member utilization
Monitor spend
Related services
Related insight
PBM best practices
In this series of articles, Milliman consultants explore a range of issues relating to PBM best practices.
PBM Best Practices Series: RFP process
Is your PBM delivering ROI? Learn how to improve your RFP and contracting processes to get more value from the relationship.
PBM Best Practices Series: Effective contracting
One of the most important ways plan sponsors can lower healthcare costs without significantly changing their benefits is to look for opportunities to improve their pharmacy benefit manager (PBM) contract.
Effective contracting with pharmacy benefit managers
Effective PBM contracting can have a significant impact on the cost of prescription-drug benefits.
Mitigating disruption and reducing plan costs: Keys to a successful PBM implementation
This paper looks at the pharmacy benefit manager (PBM) implementation process and identifies key items to consider for a successful PBM implementation, including pre- and post-implementation activities.
Medicare Part D PBM contracting strategy
Prescription drug costs have increased dramatically in recent years with double-digit average wholesale price (AWP) inflation trends becoming common.