Pharmacy is by far the most complex benefit to manage. The risk is too significant to tackle without extensive Pharmacy specific expertise. Novus Benefit Advisors has the experience to cut your unmanaged cost.
Today, Pharmacy benefits represent, on average, 20%-25% of overall healthcare spend and that number is growing rapidly. Recognizing that each client has unique needs. Novus Benefit Advisors can help you simplify PBM selection, contracting, program implementation, vendor management and ongoing PBM contract compliance.
We don’t just help you find the right PBM solution for your organization, we ensure our contracts deliver. Novus Benefit Advisors will use advanced analytics that identify and validate savings for your benefit plan.
Novus Benefit Advisors is working with next-generation pharmacogenomics testing providers that analyses an individual’s DNA to help determine how he or she may respond to hundreds of medications.
Novus Benefit Advisors can offer a tailored and targeted, end-to-end solution that brings the benefits of pharmacogenomics to your covered population. Contact us for an introductory discussion about this next generation cost-reduction strategy.
Novus Benefit Advisors Rx Reprice Analysis(* sample data)
|INCUMBENT||Novus Benefits||Express Scripts||MedImpact||WellDyne|
|Net Plan Cost||$1,242,216||$825,571||$875,503||$1,004,280||$1,049,938|