Providing good coverage in your employees’ pharmacy benefit plan is important, but so is your budget. The MaxCare team is here to help you plan for mid-year pharmacy benefit renewal by thinking about what’s ahead, reviewing current plan year data, and identifying cost savings opportunities.
A drug formulary is used by a pharmacy benefit manager to help control costs of prescriptions by providing members with a list of preferred medications. At MaxCare, we offer multiple formulary options plus additional clinical programs to help our clients control their prescription benefit costs.
Prior authorization programs help ensure appropriate and safe use of prescribed medications, while step therapy programs help control costs. At MaxCare, our step therapy plan design and our Reference Price Program are two primary ways we help employers and employees save money on their prescription costs.
The consultative approach used at MaxCare focuses on communicating with clients, recommending plan adjustments, and answering questions to help our clients fully understand their pharmacy benefit costs.
MaxCare offers prescription benefits programs for self-insured companies. As a trusted PBM, our careful processes help ensure a seamless implementation for companies while maximizing benefits for employees.
More and more employers are turning to the self-insured model because they want better control over their healthcare costs. The transition requires careful thought and analysis, but it’s a great way for companies to control costs and care for their employees.