Our Accomplishments:
Pharmacy Benefit Consultants has worked - or is currently working - for the following entities, among others, on the following projects:
- A Fortune 100 Company retained Pharmacy Benefit Consultants’ Linda Cahn to analyze its current PBM contract’s weaknesses, construct a targeted audit, and thereafter conduct a RFP to obtain a better PBM contract.
- A Union Consortium - representing 300,000+ members - conducted a PBM RFP and retained Pharmacy Benefit Consultants to negotiate and draft a new PBM contract at its conclusion. The consortium has saved more than ten million dollars under its new contract.
- A Mid-West Coal Company retained Pharmacy Benefit Consultants to conduct a PBM RFP - drafting and negotiating an entirely different form of contract that would enable the Coal Company to use on-site Wellness Centers to dispense and monitor prescription medication
- A Communication Workers Union retained Pharmacy Benefit Consultants to conduct a RFP, and negotiate and draft a new PBM contract.
- A Mid-West Business Coalition retained Pharmacy Benefit Consultants to advise the Coalition about weaknesses in its current PBM contract, make recommendations concerning the scope of an upcoming audit, and conduct a RFP to locate a PBM auditor.
- A National Energy Lab - operating under a Department of Energy Contract - began a RFP using another consulting firm and, realizing the firm was unable to draft and negotiate a new PBM contract, thereafter retained Pharmacy Benefit Consultants to take over and conclude the RFP.
- Several Small Unions have independently retained Pharmacy Benefit Consultants to conduct “Mini-RFPs”, in which PBC, at very low cost: (i) compares the union’s current costs under its existing PBM contract, with the costs that will result if PBC negotiates and implements a contract that it has obtained through other clients’ RFPs; and (ii) thereafter, arranges for said contracts to be executed.
- A Plumbers’ Union retained Pharmacy Benefit Consultants to analyze its current PBM contract, and assist in negotiating a contract amendment to improve contract terms.
- A Mid-West Insurance Company retained Pharmacy Benefit Consultant’s President, Linda Cahn, to conduct litigation against the insurer’s former PBM concerning wrongful and inaccurate generic pricing and rebate practices. After prosecuting the case for more than a year - and extracting tens of thousands of documents reflecting questionable practices - the litigation was settled, resulting in a significant payment to the insurance company.
- A Mid-West, Publicly-Traded Company retained Pharmacy Benefit Consultants to terminate its existing contract based on wrongdoing discovered in an audit - unless all identified, material breaches were “cured”, and appropriate compensation was paid - and to negotiate and draft an entirely different form of PBM contract with a replacement PBM
- Cover Stories in Prominent Benefits Magazine: Two issues of the International Foundation of Employee Benefit Plans’ Benefits & Compensation Digest have carried cover stories written by Pharmacy Benefit Consultant’s Linda Cahn. The first Cover Story, appearing in 2006, was captioned “Ten Ways To Navigate An ‘Airtight’ PBM Contract”. The second, appearing in 2007, was captioned: “How To Conduct A Successful PBM RFP.”