What is International Sourcing?
With pharmacy expenditure topping $358 billion in 2020, employers are desperately searching for ways to efficiently reduce their Rx spend. International sourcing is a method that has been used on a personal level for many years. However, many U.S. businesses are starting to employ this …
Do Patient Assistance Programs Work?
U.S. businesses continue to spend a monumental amount of capital on specialty drugs for their workforce. In fact, specialty drugs were estimated to represent about 50 percent of total Rx spend in 2020, with inflation of about 23 percent from the year before. Despite these …
How Rebates Are Driving Up Drug Prices
Similar to manufacturers of consumer product goods, many drug manufacturers offer rebates to lower the overall cost of the medication they produce. Instead of offering these rebates to you directly, however, pharmacy benefit managers are often the only ones on the receiving end of these …
Video: The Real Price Of Your Prescriptions
This video from Altiqe Consulting breaks down Rx spend in a way that makes sense. But what doesn't make sense is where this money is really going. …
How PBMs and Spread Pricing Affect Overall Rx Spend
According to Statista, prescription drug expenditure in the United States totaled $358 billion in 2020, up 50% since 2011. Pharmacy Benefit Managers (PBM) work as middlemen for many stakeholders as funds exchange hands within the drug supply chain. However, their pricing methods lack complete transparency …
