We evaluated the pharmacy benefit plans of five hospitals in the Southeast, and across the group, savings were calculated to be:
- 12.5% for a broad network
- 14.8% for a narrow network
- With aggregate consortium growth, savings could reach over 26% for this same group
Addressing low-value drug spending and optimizing specialty pharmacy management is estimated to save each institution between 12%-14% of drug spend.
- Actual savings would be dependent on the programs implemented
- Clinical Integration:
- Opportunity is beyond the savings generated through higher rebates and discounts
- Empowers HCO-owned and/or affiliated pharmacies
- Total # of
covered lives: 21,730 - Savings
opportunity: $2.9M-$6.9M
