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Drug utilization: using objective data to achieve cost-efficiency.

Bridget L Eber1

  • 1Hewitt Associates, Lincolnshire, Illinois, USA.

Benefits Quarterly
|April 14, 2005
PubMed
Summary

Employers can improve prescription drug benefits by objectively grading pharmacy benefit managers. Increasing generic dispensing is key to delivering affordable medications and ensuring PBMs support physicians in prescribing high-value drugs.

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Managing the intricate Web of prescription drugs.

Benefits quarterlyยท2003
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Area of Science:

  • Health Economics
  • Pharmaceutical Policy

Background:

  • Pharmacy benefit managers (PBMs) play a crucial role in managing prescription drug benefits.
  • Employers seek strategies to control healthcare costs and optimize drug utilization.

Purpose of the Study:

  • To evaluate the impact of objective performance grading on PBMs.
  • To identify methods for improving prescription drug benefit affordability and efficiency.

Main Methods:

  • Implementing an objective evaluation process for PBM performance.
  • Analyzing employer-identified opportunities for drug utilization.

Main Results:

  • Objective grading helps employers identify specific areas for improvement in PBM performance.
  • Increased generic dispensing emerged as a primary strategy for achieving affordable drug benefits.
  • Focusing on population-specific conditions enables PBMs to implement practical prescribing programs.

Conclusions:

  • Objective PBM performance evaluation is essential for optimizing drug benefits.
  • Prioritizing generic dispensing is critical for cost-effective prescription drug management.
  • Tailoring PBM programs to specific health conditions enhances the delivery of affordable, high-value medications.

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