People who know Pharmacy Benefit ManagementThe Good News - Pharmacy Benefit has been Reformed!
Princeton, NJ – The New Jersey Hospital Association has been successfully mitigating pharmacy costs for over five years and has overhauled their pricing for both pass through and traditional arrangements.
Jennifer Kingsley-Wilson, CEO of ARMSRx, the consulting firm retained by NJHA, comments that “I don’t think we’ve ever seen the level of volatility in the PBM market like the last 18 months. Rate offers vary widely, new PBM services are introduced weekly and unprecedented AWP increases have created confusion and make it difficult for brokers and employer groups to sort out the bottom line.”
Recent analysis for groups effective in 2011 is showing more than a 10% savings and more than 20% for a few prospects on the newly updated NJHA rates. Jeff Kelly at NJHA observes that “contracts have aged and PBM services are more aggressive than ever at managing the benefit. We are at the forefront of the market in both areas.
Please contact Jennifer Kingsley-Wilson at Jennifer@ARMSRx.com or 1.800.578.9714 today for an informative discussion regarding how our capabilities can add a measure of success to your initiative or ongoing program.
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About NJHA
The NJHA pharmacy program offers leverage, aggressive pricing, stringent performance guarantees and formulary alignment that far exceed programs currently offered in the marketplace.
About ARMSRx
ARMSRx is a pharmacy benefit consulting firm (not a pharmacy benefit manager) that specializes in saving payors money on their pharmacy expenditures. Most prescription benefit programs are based on financial arrangements that are complex, hidden and highly profitable to the Pharmacy Benefit Managers (PBMs). Our client's Association program has saved employers on the Rx costs 100% of the time. Our vested interest is the payors and our mission is to align the PBM's business objectives with the payors benefit goals. ARMSRx delivers intellectual capital.