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Pharmacy Benefit Consulting

Guidance to Choose the Best Pharmacy Benefits Manager

We provide an unbiased review of all available resources so benefit plan sponsors can make an objective decision when choosing the best pharmacy benefits manager (PBM). Our Pharmacy Consulting Team provides:

  • Pharmacy data analytics.
  • Financial term evaluation.
  • Quality of care clinical initiatives.
  • White papers and thought leadership.
  • Pharmacy benefit procurement and plan design strategy recommendations.

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Comprehensive Solutions

McGriff's complete review of all PBM capabilities and financial terms includes:

  • Pricing terms and contract definitions.
  • Clinical utilization management.
  • Specialty trend optimization.
  • Retail Pharmacy Network performance.
  • Benefit plan optimization.
  • 340B optimization.
  • Implementation support.
  • Member communication campaign.
  • Annual performance guarantee reconciliation.
  • Audit of pricing and benefit design.
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Understanding Complex Pharmacy Claims Data

Let our pharmacy specialists review and update key areas including:

  • PBM contract terms and definitions.
  • Quantity limits and prior authorization edits.
  • Network variance and potential retail 90 or limited network options.
  • Speciality drug coupon program.

Ready to Get Started?

Our approach begins with understanding your needs and goals, so please contact us to get started.

More Employee Benefits Solutions

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Actuarial & Underwriting

Manage costs, mitigate risks, and reduce administrative burdens.

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Compliance

We monitor changes in regulations that may affect your benefits.

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Insights & Analytics

Benefit from our complete, accurate, and actionable data.

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Human Resources Advisory

Best practices and guidance for your HR strategy.

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Benefits Administration Technology

The right tech solutions to meet your benefits admin needs.

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Clinical Wellness

Better employee health and well-being, improved productivity, and lower costs.

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Health Management Services

The right combination of data analytics and wellness consulting.

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Peak Health

Wellness insights and coaching from registered nurses.

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Communications

Strategies that build awareness, educate employees, and drive engagement.

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Flexible Benefits Administration

Administration services for FSAs, HSAs, HRAs, TSAs, COBRA and retiree billing.

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Retirement Consulting

Expertise with pension plans and post-retirement medical actuarial valuations.

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COBRA Administration & Direct Bill

State-of-the-art solutions to make sure you’re compliant with COBRA regulations.

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