Managing Pharmacy Risk
Risk management of pharmacy costs is paramount in controlling overall benefit plan costs, and the selection of a strong innovative Pharmacy Benefit Manager (PBM), the first level of pharmacy cost containment. Generally, PBM’s are responsible for developing the formulary, contracting with pharmacies, negotiating discounts, rebates with drug manufacturers, and the payment of prescription drug claims.
The Mahoney Group helps with strategy and implementation of PBM solutions that operationally align with the plan sponsor we serve. We carefully accomplish this by well positioning pass-through PBM contracts and traditional arrangements based on financial incentives and cost reductions that deliver the maximum impact for all stakeholders. The proper evaluation and selection of the right contract help our clients manage their pharmacy benefits and control costs.
The Mahoney Group is a member of Assurex Global. This unique partnership makes TMG part of the world’s largest privately held brokerage group, increasing our client’s buying power to lower costs. We work hard to make sure medical plans, their employees, and families get the affordable medication they need.
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We serve our employees, customers and business partners with a servant's heart.
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