by Team PCM | Jun 28, 2022 | Blog Post, Medical Benefits
Pharmacy costs get all the press for rising prices; however, brokers and plan sponsors need to consider medical pharmacy if they want a complete picture of plan spend. Medical pharmacy is the management of drugs billed under the medical benefit. Most often, these...
by Team PCM | Aug 18, 2021 | Blog Post, Medical Benefits, Pharmacy Benefits
For self-insured plan sponsors, specialty drugs represent 33-50% of total pharmacy spend but only account for 1% of total prescription claims. These medications usually require special handling, administration, inventory management, patient monitoring, and support and...
by Team PCM | Jan 21, 2019 | Blog Post, Medical Benefits
Thirty-two million Americans are taking three or more prescription drugs. Of those, 53% are taking the wrong drug or wrong dose, resulting in seven million preventable medication errors, seven thousand preventable deaths, and $21B in direct medical costs annually....
