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.
- 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 was captioned “Ten Ways To Navigate An ‘Airtight’ PBM Contract”. The second was captioned: “How To Conduct A Successful PBM RFP.” The Foundation’s Benefits & Compensation Digest has just carried a third story captioned: “PBMs’ MAC Mousetraps”.
- Featured Articles In Leading Insurance Magazine: Three recent issues of Managed Care Magazine have also featured stories written by Pharmacy Benefit Consultant’s Linda Cahn. The stories were captioned: (i) “How to Dramatically Decrease Your MCO’s Rx Coverage Costs”; (ii) “Don’t Get Caught By PBMs’ MAC Mousetraps”; and (iii) “Don’t Get Trapped By PBMs’ Rebate Labeling Games”.
- Cover Story In Employee Benefit Adviser: In a cover story captioned “Seeing Clearly”, Employee Benefit Advisor described Linda Cahn’s leading role in trying to end consulting firms’ Conflicts of Interest.
- Recurring Citations As Industry Expert: A leading journal — Drug Benefit News - has repeatedly quoted and relied on Pharmacy Benefit Consultants’ Linda Cahn as an industry expert, including in the following articles: (i) ”PBMs Allegedly Manipulate Definition of ‘Brand’ and ‘Generic’ Rx at Payers’ Expense”; (ii) “PBM Auditing Increases As Rx Costs Rise, But Critics Allege PBMs Are Foiling Audits”; (iii) “PBMs Tout Their ‘Transparency’, but Model Doesn’t Always Lower Clients’ Drug Costs”.