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All Things Pharmacy
July 10, 2019
Brought to you by PCM
Be in the Know
Preemptive PGx testing is a necessary step in cancer treatment.
Colorado, Florida, and Vermont have approved legislation to import drugs.
Germany's innovative approach to drug prices has patients paying less than in the U.S..
Teva's voluntary recall of Losartan has been expanded.
The FDA has issued a Class II recall for asthma drug Zyflo CR.
Data Analytics: 3 Keys to a Powerful Savings Tool
Our dynamic healthcare system is full of “big data” from the information, statistics, and trends of
participants, physicians, plans, and third-party administrators. This is especially true for the
pharmacy management industry. Large amounts of data – including participant, prescription
transaction, supply chain, insurance, PBM contract, and marketplace data - are exchanged between
PBMs, pharmacies, and insurers.
While this data directly influences management of participant adherence, formulary construction,
and overall pharmacy spend, the key stakeholders in the pharmacy plan, brokers and plan
sponsors, rarely have true visibility into their pharmacy plan.
Data analytics is changing all of that.
Garret D’Antoni, CFO at Prescription Care Management (PCM), explains, “Data analytics is bringing
insight to a complex industry. From summary data to drill-down details, analytics helps us
understand where and how money is being spent.”
Many brokers and plan sponsors have been working from top-level summary data. From this view,
there may be a suspected problem, but the details required to figure out a solution are hidden in
rows and columns of data.
“Summary data, like total claims or total spend, can help identify the problem,” continues D’Antoni,
“but data analytics gives you the details to identify the solution, and the key to really digging into
your data to find those solutions is powerful data analytics.”
Finding a Powerful Tool
As data analytics becomes more prevalent in pharmacy management, it is vital to understand what
type of tool you really need to get an accurate look into your pharmacy data.
Here are three key features to consider when shopping for a powerful analytics tool.
Save Time With Plan Repricing
We price shop everything, from car repairs to Internet providers, so why don't we price shop our
Completing an RFP is arduous and time-consuming, but finding savings with a competitive PBM
contract can be easy with Plan Repricing.
Repricing tools provide quick visibility into how your PBM contract and pricing structure are working
for your plan and bottom line by comparing:
Multiple PBMs and pricing structures
Contract effect on participant copay
Historical trends and future predictions
Plan Repricing can help you find significant savings and a more competitive PBM contract without
the stress a full RFP.
Our favorite repricing tool is here.
Be Sun Safe This Summer
With rising temperatures, longer days, and more outdoor activities, summer is the perfect time to
soak up some sun. While the benefits of added Vitamin D are great, it is important to protect
yourself against harmful UV rays during the sunny summer months.
The CDC recommends applying sunscreen with an SPF of at least 15 every two hours between
the hours of 10:00 am and 4:00 pm. In addition to wearing hats, donning protective clothing, and
staying in the shade, sunscreen has been proven to help prevent age spots, wrinkles, and skin
But, do you know how sunscreen actually works?
Sunscreen products work by absorbing, reflecting or scattering sunlight. Sunscreen is a nonprescription
drug that contains chemicals that interact with the skin to protect it from the sun's
Learn more about best sunscreen practices and how to find a sunscreen that works for you here.
For over 10 years, Prescription Care Management has been solving complex pharmacy problems
with a client-centric approach. Simply put, we help self-insured organizations see where their
pharmacy dollars are going and cut spend where it counts.
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Call us at 800.281.7050
Email us at
4790 Caughlin Parkway, #396, Reno, NV 89519