22 min listen
Walmart Layoffs? PBM Reform & Controlling Your Destiny - PPN Episode 828
Walmart Layoffs? PBM Reform & Controlling Your Destiny - PPN Episode 828
ratings:
Length:
22 minutes
Released:
Jun 26, 2019
Format:
Podcast episode
Description
What have you heard about the Walmart Pharmacy Layoffs?
https://www.thelayoff.com/t/ZIIsPn5
BECOME A CONCIERGE PHARMACIST:
https://jobs.crelate.com/portal/rxvip/job/jtrqbkkc4c9xj93cssi7jh8anr
PBM Reform, notes from Pharmacy Times June 26th 2019
PBMs have been the focus of increasing scrutiny as many blame their unregulated practices for contributing to increasing prescription drug costs. The perspective, which addresses several areas of concern and provides insight into PBM pricing practices, suggests that reform may lead to drug cost savings. According to the authors, a 2018 independent audit examined the impact of Ohio Medicaid’s switch in 2011 from a fee-for-service model to a managed care model to administer its outpatient prescription drug benefits. To date, the Ohio audit is the first comprehensive review of PBM practices and incorporated 39 million drug transactions, the authors said. Overall, the audit indicated that the switch to a managed care program, which uses PBMs, saved the Ohio Medicaid program $415 million annually. The savings were largely driven by the lower prescription claim prices billed to plans by PBMs, according to the report.
https://www.pharmacytimes.com/resource-centers/reimbursement/audit-suggests-pbm-drug-pricing-practices-may-lead-to-higher-health-care-costs
Music by (MD) Mystical Dominance vocals by Alan Walker Darkside
https://www.thelayoff.com/t/ZIIsPn5
BECOME A CONCIERGE PHARMACIST:
https://jobs.crelate.com/portal/rxvip/job/jtrqbkkc4c9xj93cssi7jh8anr
PBM Reform, notes from Pharmacy Times June 26th 2019
PBMs have been the focus of increasing scrutiny as many blame their unregulated practices for contributing to increasing prescription drug costs. The perspective, which addresses several areas of concern and provides insight into PBM pricing practices, suggests that reform may lead to drug cost savings. According to the authors, a 2018 independent audit examined the impact of Ohio Medicaid’s switch in 2011 from a fee-for-service model to a managed care model to administer its outpatient prescription drug benefits. To date, the Ohio audit is the first comprehensive review of PBM practices and incorporated 39 million drug transactions, the authors said. Overall, the audit indicated that the switch to a managed care program, which uses PBMs, saved the Ohio Medicaid program $415 million annually. The savings were largely driven by the lower prescription claim prices billed to plans by PBMs, according to the report.
https://www.pharmacytimes.com/resource-centers/reimbursement/audit-suggests-pbm-drug-pricing-practices-may-lead-to-higher-health-care-costs
Music by (MD) Mystical Dominance vocals by Alan Walker Darkside
Released:
Jun 26, 2019
Format:
Podcast episode
Titles in the series (100)
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