Mercer Managed Pharmacy Practice | Spend Under Control

Health and Benefits

Mercer Managed Pharmacy Practice

Taming the beast. Effective Pharmaceutical Cost Management

Innovative pharmaceutical cost-management solutions can help you provide pharmacy drug benefits to your employees and their families, at lower costs with better outcomes.

Specialty medications—the kind of biotech breakthroughs that treat chronic conditions like Diabetes, Cancer, Multiple Sclerosis and Hepatitis C—are used by just 2% of employees but represent over $160 billion or almost 40% of pharmaceutical spend.

The expense is growing rapidly—19% in 2016, more than twice the rate for all drugs—with no sign of slowing down anytime soon.

Take this five question quiz to see if your specialty drug strategy is putting you at risk for unsustainable spending.

The Prescription Drug Dilemma

Did you know?

  • 576,000 Americans spent more than the median household income on prescription medications in 2014,
  • Patients grew an astounding 63% since 2013,
  • Among employees with over $50,000 in healthcare spend, 9 out of 10 are using specialty medications,
  • Of those spending over $100,000 in healthcare, 60% are taking 10 or more medications and 72% are getting prescriptions from at least four different prescribers.

Read our white paper, The Prescription Drug Dilemma, to learn how employers can act now to get ahead of rising costs.

Pharmacy Landscape and Strategies to Stay Ahead of Growing Trends

The Specialty Pharmacy Challenge and Healthcare Costs.

Specialty pharmacy drugs can be life-changing for your employees who need them. But the cost is on pace to make them unattainable for many employers in the near future. You have options, however, to get ahead of the curve and continue to offer these ground-breaking therapies in a cost effective way.

Read this interview with David Dross, Mercer’s Managed Pharmacy Practice Leader to learn more.

Reduce Spend, Eliminate Waste and Identify Trends

Keep Your Company's Drug Spend Under Control With A Specialty Drug Strategy.

Mercer’s Managed Pharmacy Practice can identify causes and trends that are driving your specialty drug costs. In just 8–12 weeks, we can identify initial savings of up to 10% of specialty spend, and develop a strategy for sustained savings and cost management.

Get Smarter About Your Company's Drug Spend

Mercer Managed Pharmacy Consulting: Can evaluate and recommend the action steps required to better control your pharmacy drug spend, the results of which have delivered an ROI of as much as 20:1 for employers. Contact us.

Sources: Express Scripts: Super Spending: U.S. Trends in High-Cost Medication Use, 2015, IMS Health: National Sales Perspectives, Jan. 2016, Mercer National Survey of Employer-Sponsored Health Plans, 2016

  Let’s Talk. Mercer Managed Pharmacy Consulting.
Have questions? Want to speak to a consultant? Whatever the size of your company, we can help transform your pharmacy benefit programs. We’re eager to speak with you. Please provide your details below.
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For example:

  • Benchmarking Analysis: We can conduct the most comprehensive benefits surveys in the industry, providing proprietary insights and analysis through a series of surveys to help you make more informed decisions.
  • Value-Based Care Analytics: This is an industry-leading tool suite that can provide local insight into the effectiveness of new care delivery models, such as ACOs, that intend to deliver lower costs, improved quality, and increased patient satisfaction.
  • 2020 Excise Tax Model: This model can demonstrate the financial impact of the US 2020 excise tax by providing an initial status quo liability estimate and then evaluating alternative scenarios that may delay or reduce the impact of the tax.
  • Net PiC Network Optimization Tool: This tool can analyze a medical vendor’s relative network strength and reveals which vendor offers the strongest financial package for you.
  • Mercer Workplace Health: This approach helps employers make targeted interventions to enhance the performance of their workforce and business through improved productivity, engagement and long-term cost reduction in five key areas: benefits design, brokerage, engagement, internal measurement and health incentives.

*Solutions and proprietary tools may not be available in all geographies.