52%

Specialty drugs accounted for 52% of pharmacy spend in 20201

98%

increase in utilization related to conditions with new therapies or indications on the market1

The challenge

While new drug categories are providing promising treatment and therapies, employers struggle to absorb the sky-rocketing cost of specialty drugs.



Why choose Mercer for managed pharmacy consulting?

Our innovative pharmaceutical cost-management solutions may help companies provide the life-changing pharmacy drug benefits their employees need—while shielding your business from unsustainable costs. Employers partner with us because we:


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Know the prescription drug dilemma

Average specialty drug prices reached $84,442 in 20202 – or 20% higher than the median household income

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Identify trends and eliminate waste

In just 8–12 weeks, we can identify initial savings of up to 10% of specialty spend.*

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Revamp your company’s drug spend

After a thorough evaluation, we’ll recommend specific action steps and a redesigned benefits plan that may deliver sustained savings without preventing employees from accessing life-changing medications.

2000%

Potential ROI of Mercer’s managed pharmacy consultant services*

Our Solutions

Specialty Pharmacy

Discover ways to save up to 10% of your specialty drug spend in just
8–12 weeks.*

Pharmacy Collectives

Generate immediate and long-term savings by channeling the power of our collective purchasing solutions.*

Ready to live better, 

work brighter?

Speak with one of our HR consultants.


1 CVS Caremark 2020 Drug Trend Report
2 Rx Price Watch Report: Trends in Retail Prices of Specialty Prescription Drugs Widely Used by Older Americans, 2006 to 2020
* Results may vary


Contact us

Learn more about how Mercer can develop creative healthcare consulting strategies that help your workforce thrive. 

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pharmacy innovation

Innovative medications help thousands of people live fuller, longer lives. Specialty drugs that help people beat cancer or manage multiple sclerosis have moved from science fiction to reality – but that promising new reality comes with a hefty price tag.

11.6%

increase in prescription drug costs in 2017 — compared to a 2.5% increase in wages¹

576,000

Americans who spent more than the median US household income on prescription medications

20:1

potential ROI of Pharmacy Benefits Management3

Solutions

 

Why choose Mercer for pharmacy benefits consulting?

 

Mercer’s Pharmacy Consultants help you master your pharmacy expenses while giving your employees access to the medications they need to stay healthy and active.

 

As a leader in health and benefits consulting and brokerage, our pharmaceutical benefits consultants will identify causes and trends that drive your drug costs up. We’ll recommend innovative ways to help curb cost increases while allowing your employees to reap the rewards of pioneering drug advances. Find out about:

 



Why Is pharmacy benefits management critical to your benefits strategy?

 

HR leaders are eager to offer employees access to these life-saving medications. Yet in practical terms, companies must balance access with the very real cost implications of skyrocketing drug prices. Fewer than 2% of employees use specialty medications, but these drugs account for more than 40% of total pharmaceutical spending.

We can help. With cost evaluation insights and redesigned benefits solutions, Mercer’s pharmacy consultants can help you make sure employees receive the life-changing benefits of specialty drug breakthroughs.

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

 

          ¹ Segal's 2017 Health Plan Cost Trend Survey

          ² Express Scripts: Super Spending: U.S. Trends in High-Cost Medication Use, 2015

          ³ Results may vary