Pharmacy Contract Negotiations

Employer Profile:
800 Employees
Self-Insured Medical & RX Plan

Opportunity:
Pharmacy contract terms were identified as below benchmark.

Effort:
Redgate engaged a strategic Pharmacy consultant to review.

Results:
- 24.8% Savings on Pharmacy Spend
- Improved ingredient costs | Lower dispersing fees | 100% rebate pass-through
- Best in class contractual language
- Dedicated pharmacy consultant
- No change in vendor & no formulary change!

$432,466 Annual Savings Achieved

Savings were secured without any negative impact to employees.