Archive: Cost Savings
- July 25, 2023
Innovative’s negotiation power and knowledge of the specialty drug market allowed this client to mitigate much of the cost of one members drug infusions. This resulted in savings of $2.4 million.
- July 7, 2023
Through Innovative’s RFP process and clinical innovation, a health system realized sustained savings that totaled over $34 million.
- July 1, 2023
Innovative renegotiated the TPA’s PBM stifling PBM contract to improve their competitive position in the marketplace and create substantial savings.
- June 28, 2023
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.
- June 15, 2023
A partnership with Innovative allowed the client to maintain a rich benefit for their employees while saving over $14 Million.
- June 10, 2023
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 to leveraging pharmaceutical industry expertise.
- May 30, 2023
By keeping a close eye on the biosimilar landscape and understanding your PBM’s approach to biosimilar coverage, you can help your client or employer navigate this evolving market and make informed decisions.
- May 6, 2023
Before negotiations, the client’s annual drug cost was nearly $70,000,000. The new contract reduced that cost by $10,543,000 —a decrease of close to 16%.