of pharmacy spend is driven by 2% of total claims

 

specialty cost doubles when considering both pharmacy and medical benefits

The challenge

 

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



Why choose Mercer for pharmacy innovation?

 

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 help with:


Tech-enabled dynamic procurement solutions.

  • Utilizing our experts and scale, our process drives bidder competition to maximize value to plan sponsors and members
  • Sophisticated technology minimizes bidder gamesmanship of both qualitative and quantitative evaluations
  • Results presented in clear comparisons you can trust

Member-centric engagement.

  • Therapeutic expertise that maximizes accessibility of prescription medications
  • Addresses member concerns around affordability, an important part of improving medication adherence and ultimately patient outcomes
  • Helps members understand the true cost of medications in accordance with all transparency requirements

Data-driven clinical and financial insights.

  • Understand plan performance to contractual financial guarantees
  • Pharmacy experts provide actionable recommendations to changes in your prescription drug claims
  • Optimize program performance in alignment with the goals and objectives of the plan

 

17%

Average savings in specialty drug costs*

 

*Actual results may vary




Our solutions


 

Data-driven insights

Leverage our data analytics tool to eliminate waste and proactively manage your drug benefits.

 

Pharmacy collectives

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

 

Catastrophic risk

Don’t be surprised with multi-million dollar drug claims. We can help you gauge your risk of catastrophic cases.


Million Dollar Drugs Have Arrived:
Key Strategies Employers Should Consider

 

Read our latest Thought Leadership


CVS Caremark 2020 Drug Trend Report

Rx Price Watch Report: Trends in Retail Prices of Specialty Prescription Drugs Widely Used by Older Americans, 2006 to 2020

* Results may vary


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Million Dollar Drugs Have Arrived: Key Strategies Employers Should Consider

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