Atlantic Information Services, Inc., publisher of Drug Benefit News and Specialty Pharmacy News, is pleased to announce its June 19 webinar, Narrow Pharmacy Network Design and Implementation: Strategies for Health Plans and Employers. See webinar details at http://aishealth.com/marketplace/c2p24_061912.
With roughly 61,000 retail pharmacies in operation across the U.S., proponents of narrow pharmacy networks contend that there’s fat to be trimmed and savings to be won by their adoption. Several PBMs have recently launched limited network plans, but the real success of alternative pharmacy contracting has been demonstrated in Medicare Part D with the rise of preferred pharmacy networks, which have shown that so-called “pharmacy loyalty” may be a thing of the past. As the highly publicized exit of Walgreen Co. from the Express Scripts Holding Co. network appears to have had little impact on clients, the conversation continues between PBMs and plan sponsors around the value of limited and/or preferred pharmacy networks.
On June 19 Brian Bullock, R.Ph., and Corey Belken, Pharm.D., from The Burchfield Group, Inc., and Teresa Deluca, M.D., from Humana Pharmacy Solutions, will discuss the rise of narrow networks and important considerations around adopting this bold approach. In 60 minutes of expert presentations followed by 30 minutes devoted to individual questions, participants will get reliable answers to key questions, such as:
What are narrow pharmacy networks, and why are they growing in popularity to address rising pharmacy costs?
How narrow do pharmacy networks have to be to deliver meaningful savings to the plan sponsor?
How can implementing a limited network help employers manage their budgets and allocate “saved” dollars toward helping improve employee health and well-being?
What considerations should payers take into account when adopting narrow networks?
What limited network options exist, and how can plans choose an option that best meets member needs and creates little disruption?
Given the hit Walgreens’ earnings have taken as a result of not coming to renewal terms with Express Scripts, are more pharmacies likely to accept lower reimbursement rates in exchange for increased foot traffic to participate in these exclusive arrangements?
What are some of the other potential benefits of narrow networks?
How is the growth of limited networks likely to affect the PBM industry overall?
Visit http://aishealth.com/marketplace/c2p24_061912 for more details and registration information.
AIS develops highly targeted news, data and strategies for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. Learn more at http://www.AISHealth.com.
Shelly Beaird-Francois Atlantic Information Services, Inc. 1100 17th St., NW, Suite 300 Washington, DC 20036 202-775-9008 ext. 3064
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