How Can HR Solve One of the Top C-Suite Expense Issues?
August 20, 2019 @ 3:15 pm - 4:15 pm
Speaker: David Lee | Managing Director – NFP Pharmacy Practice
There is an increasing pressure for you to find unique techniques to reduce double digit trending benefits packages. Most organizations are required to generate $15 of revenue for every $1 spent on prescription drugs. We will help you understand the future Rx landscape, and we will provide practical strategies today that will protect you against the rising costs and utilization of pharmaceuticals. Historical solutions are not keeping up with the cost curve, so learn what you can do to proactively develop and implement new Rx solutions today (egs. contractual, clinical, benefit designs, etc) to protect your organization from the rising costs of pharmaceuticals tomorrow.
In this session you will:
- Learn how to access, develop, and replace hyperinflation spending in your prescription benefits without affecting clinical outcomes
- Discuss techniques to manage a trending 12% Inflation this year, 57% for the past 5 years, and New Drug Launches
- Leave with effective tools that will reduce your pharmacy spend by 20% without additional resources
- Business Acumen
- Critical Evaluation
- HR Expertise