We use cookies to provide services and improve browsing experience on this website. See our Privacy Policy for more information. By continuing to browse this website, you agree to the automatic use of cookies.
Archive: Blog
- November 14, 2023
PBM 101: Definitions Matter
Unravel the complexity of PBM definitions and dive into a quick guide covering everything you need to know when it comes to brand and generics — including why it matters to your plan.
- October 30, 2023
PBM 101: PBM Pricing Models
PBMs play a major role in how employers manage prescription drug costs and two PBM pricing models dominate the market — let’s break down the pros and cons of each.
- October 3, 2023
IN THE NEWS: President Amy Ball to speak on Indiana Health Care Summit Panel
Innovative Rx Strategies President Amy Ball, PharmD is among the panelists for the first Indiana Health Care Summit for Manufacturers.
- September 25, 2023
Improved Contract Terms Net $3M in Rx Plan Savings in One Year
Rebates, discounts and PBM contract review by Innovative provide over $3 million in savings in a single year. $400,000 of savings were passed directly to the plan members.
- July 25, 2023
$2.4M Rx Cost Savings Identified for Financial Sector Client
Innovative’s negotiation power and knowledge of the specialty drug market allowed this client to mitigate much of the cost of one member’s drug infusions. This resulted in savings of $2.4 million.
- July 11, 2023
The New Landscape of Weight Loss Medications: Briefing Download
Medications for weight loss are not new. However, the effectiveness of newer weight loss medications — costing upwards of $17,000 per year — have formed a new conversation on this topic.
- July 7, 2023
Health System Saves Over $34 Million on Pharmacy Benefits
Through Innovative’s RFP process and clinical innovation, a health system realized sustained savings that totaled over $34 million.
- July 7, 2023
Innovative Hires Five to Facilitate Growth
Innovative Rx Strategies announces the addition of five new positions to the company’s team of pharmacy benefit consultants.
- July 1, 2023
TPA Improves Competitive Position and Saves Millions
Innovative renegotiated the TPA’s PBM stifling PBM contract to improve their competitive position in the marketplace and create substantial savings.
- June 28, 2023
Can Pharmaceutical Costs Really Be Contained?
Taking a passive approach to pharmacy benefits management is a missed opportunity for substantial financial savings — for you and your employees. Choosing the right partner is key. Leveraging pharmaceutical industry expertise can create sustained cost savings.