The Partners Insurance Rx Solutions Analytics Predictive Model program has changed the pharmaceutical procurement industry with our latest innovation, Average Script Price Guaranteed contracts.
Average Script Price Guarantees
- transfer the risk for drug price inflation from the employer to the PBM;
- are equivalent to aggregate reinsurance with no premium;
- fix your Rx cost and allow for accurate budgeting;
- eliminate PBM conflict of interest on drug manufacturer rebates;
- eliminate Average Wholesale Price (AWP) and formulary bias;
- create real competition in the market and allow bidders to compete using actual claims cost as the basis of their bids.
The Partners Insurance Rx Solutions Analytics program through Average Script Price contracts will create significant savings for your company.
- Audits on contract compliance can be run monthly, quarterly or annually and no self reporting by the PBM.
- The winning PBM guarantees the financial performance of their bid on a first dollar basis with no cap.
- No plan design changes and no disruption of retail pharmacy access to your employees.
- Our program provides a level playing field and takes the "games" out of the RFP process.
- Program fees paid by winning bidder and all the savings go directly to the employer's bottom line.
- Fully or self insured employers with 1000+ employees or at least $1 million in prescription spending qualify.
Contact Morgan Pile at 877-491-9279 to take control of your RX spending!