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Abandon Traditional Drug Pricing Benchmarks Forever

  • October 08, 2021
  • 1:00 PM – 2:00 PM ET
  • Online
about

There are many challenges which face the US when it comes to prescription drugs costs and access. For more than three decades, various drug pricing benchmarks have been utilized to help health insurance providers procure and distribute medications. There are a multitude of available drug pricing benchmarks which can be used but they have not been fully vetted or evaluated to determine if one benchmark may have an advantage over another. There needs to be an enhanced understanding and appreciation for the various strengths and weaknesses of available drug pricing benchmarks.

In this webinar, we’ll discuss the pharmacy supply chain and review alternative pricing models, comparing them with current methodologies to see what is most effective to consistently drive down drug prices.

Attendees will be able to:

  • Define the nuances of the various pricing benchmarks available for prescription medications – both public and subscription-based
  • Explain how leveraging new technology allows health insurance providers to manage their drug spend in a more meaningful and transparent manner
  • Identify the market dynamics that make the introduction of a new prescription pricing benchmark a particular challenge.
  • Describe the member experience when utilizing a prescription benefit that has acquisition as its foundational base

Speakers


Matthew Gibbs PharmD
President, Commercial Markets
Capital Rx

Matthew is President of Commercial Markets for Capital Rx and has been in the pharmacy and health plan industry for 22 years. Matthew was previously the Chief Pharmacy Executive for Anthem, Chief Clinical Officer for Medco Health Solutions, Consulting Practice Leader at Hewitt and Aon, and was last the President of Envision Rx. He received his Doctorate in Pharmacy from Butler University in Indianapolis, Indiana.