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Excelsior Solutions is a national pharmacy and PBM consulting firm headquartered in Minneapolis, Minnesota. The company brings significant pharmacy savings to health care payers, both managed care entities and self-insured employers. Like many of Excelsior's clients, you may be facing a tightening budget where managing your pharmacy costs is more important than ever. Here are some quick statistics for your consideration:
- We've seen significant savings with their involvement. They've never saved a client less than $2.50 per prescription.
- They are staffed by former PBM C-level Executives who know the "other side" extensively.
- They look to improve upon clients' existing relationships with their current PBM vendors, rather than change them to other vendors. They've also never received payment from PBMs for placing their business.
- With over 10 million lives under management, they are the largest pharmacy consulting firm working within the health plan space, which provides leverage for all of their clients and allows for greater insight into best pricing and practices.
- As managed Medicare and Medicaid programs continue to grow, so does their client base in these areas. They offer expert advice on dealing operationally with CMS and state regulatory agencies
- Nationally, annual pharmacy costs are trending at 9%, while their clients' average is less than 1%. This is due largely to the clinical and trend management ideas that are implemented with the pharmacy directors at the plan.
- With specialty pharmacy costs becoming a bigger proportion of overall pharmacy spending, Excelsior Solutions works with clients in identifying specific solutions unique to this category.
They will consider performing a complimentary review of your current program to determine likely savings. Please visit their website, www.excelsiorsolutions.com, or contact Martha Allen, vice president of sales, mallen@excelsiorsolutions.com or (952) 562-5542, if you'd like to learn more about how to maximize savings with your PBM relationship.
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