Effective PBM Contracting in a Changing World: From Procurement to Contract Execution
The process of procuring a new PBM and perhaps adopting a new pharmacy program design can be excruciatingly long, full of anticipated and unanticipated pitfalls and – if not thoughtfully and meticulously planned – can result in a PBM agreement that leaves you wondering: what should I have done differently or better?
Amid intense scrutiny surrounding PBMs, the contracting process must: (i) assess whether each PBM offeror will contractually commit to managing drug spend growth; (ii) help drive your financial and operational success; and (iii) leverage industry innovations in technology and drug delivery systems.
Drawing on decades of experience drafting and negotiating PBM contracts, the Wiley Team will guide you through the actions necessary to realize the next iteration of your pharmacy program. Topics include: (i) how the PBM industry has changed through vertical integration, alternative pricing, and constant recalibration of the “rebate” concept; (ii) the power and necessity of a competitive procurement process; (iii) changes in pharmacy program delivery models; and (iv) how to create a PBM contract that works for you.
Please join us for this informative and practical webinar where our experts will guide you through the complexities of PBM contracting, offering actionable insights to ensure your next PBM agreement aligns with your organization’s goals.
