Pharmacy Benefit Managers -new – Prescient Holdings Group

WHO WE SERVE

Pharmacy Benefit Managers

PHG helps PBMs optimize their rebate programs, improve financial performance, and enhance their ability to provide cost-effective pharmacy benefit services to their clients and members.

PBMs

A partner you can trust.

Our team offers profound clinical, financial, and operational knowledge and skills. We excel in cost containment, reducing drug prices, and optimizing savings for pharmacy benefit managers while also granting access to expansive pharmacy networks, ensuring a broad array of choices for their clientele.

Our data-driven approach, coupled with our comprehensive support team, empowers pharmacy benefit managers to make well-informed decisions and monitor the performance of their benefit programs effectively.

Game changing benefits for PBMs

RISK MITIGATION

Partnering with PHG can help PBMs reduce the financial risks associated with rebate management. We ensure that PBMs receive the full amount of rebates they are entitled to, reducing the likelihood of revenue leakage.

COST SAVINGS

By outsourcing rebate management to PHG, PBMs can potentially reduce their operational costs. Often times our services are at a lower cost than maintaining an in-house rebate management team, providing added expertise to your overall costs.

REBATE MANAGEMENT

We specialize in collecting, tracking, and managing rebates from pharmaceutical manufacturers. We help streamline the rebate process allowing you to focus on your core functions, such as managing drug formularies and negotiating drug prices.

EXPERT NEGOTIATING POWER

When you parnter with PHG you have the power of negotiation on your side. We negotiate with pharmaceutical manufacturers on behalf of multiple PBMs, which leads to increased bargaining power, better rebate agreements, and lower drug prices for PBMs and their clients.

REGULATORY COMPLIANCE

We assist PBMs in staying compliant with health care regulations related to pharmacy benefits, reducing the risk of non-compliance penalties.

DATA ANALYTICS

We offer robust data analytics, enabling Pharmacy Benefit Managers to track medication utilization, costs and health outcomes. This data-driven approach supports informed decision making and program optimization.

COMPETITIVE MARKET CHECK

Discover potential savings you might be overlooking.

Are you considering a switch to a new formulary management and rebate aggregator? This free competitive market check will provide you with an estimate of the potential savings currently available to you, in just a few questions.

Why choose PHG?

Industry Leaders

We’re not just industry experts, we are a top 5 formulary management/rebate administrative service provider.

11 Million+ Covered Lives

We provide more coverage, including more than 200 plans covering commercial, medicare, medicaid, exchange LOBs.

Technology Driven

PHG is the industry’s technology leader in data analytics and competitive intelligence.

Independent

PHG operates independent of competing health plans or PBMs, allowing us to pursue the best options for our clients every time.

$2 Billion+ Rebate Revenue

More coverage means more rebate negotiating power. We’ve successfully aggregated over $2 billion in rebates for our clients.

Growth Minded

Since Jan 2023, we’ve added approximately 70 plan groups, doubled our workforce, and developed a cutting-edge technology platform for rebate optimization.

“My organization has been working with PHG for over a year, and my team continues to be impressed with the robust and comprehensive reporting package they provide. The level of detail and analysis is exactly what was lacking from our previous rebate aggregator. PHG's reporting package has become an invaluable tool for our PBM.”

"My PBM recently had the pleasure of onboarding with PHG, and I must say that their client services support was outstanding. From the initial consultation to the implementation process, their team was incredibly knowledgeable, responsive, and helpful."

“As a healthcare consultant in the market, working with the business development and underwriting team is an absolute pleasure. Their deep knowledge, expertise and professionalism has made client opportunities not only possible, but successful. I would highly recommend their services to anyone.”

"Our organization and partners appreciate working with PHG's clinical team who keeps our team up-to-date on the latest industry trends and market changes in real time. Their educational approach is thorough and engaging, and my team feels confident in our ability to make informed formulary decisions in collaboration with our clients based on the information and data PHG provides.

“PHG has a deep understanding of the complexities of formulary management and rebate aggregation and has been able to tailor their approach to meet our PBM’s specific needs. Thanks to PHG’s exceptional service, strategic contracting, and commitment to excellence, our PBM has been able to achieve substantial cost savings for our clients without sacrificing quality or service. PHG is truly an extension of our PBM business, and I couldn't be happier with their services.”