| Prescription
drug benefits: reducing costs and increasing employee satisfaction
Health care
is quickly becoming one of the largest corporate expenses,
with prescription drug benefits contributing significantly
to this rapidly increasing expense. Owners and management
of private companies must deal with this increased expense
while balancing the impact on employee satisfaction, the need
for funding projects contributing to strategic growth and
profitability, as well as managing owner cash-flow expectations.
There are steps private companies can
take to make systemic, lasting changes to their prescription
drug benefit plans resulting in long-term expense reduction.
To help private company owners and management better understand
the reasons for the escalating costs of prescription drug
benefits and to help identify potential opportunities to reduce
these costs, Private Company Services has prepared an informative
white paper: Prescription drug benefits: reducing costs and
increasing employee satisfaction.
Developed in conjunction with PricewaterhouseCoopers
Human Resource Services group, this white paper covers topics
such as:
- Understanding prescription drug
benefit costs and cost reduction levers;
- Reviewing and evaluating prescription
drug plans;
- Managing prescription benefit
manager carve out;, and
- Reviewing relationships with
insurance and prescription drug benefit carriers.
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