The focus of Premier Pharmacy Solutions is driving cost out
of the employer sponsored prescription drug benefit plans
for fully-insured and self-insured employers. Throughout our
extensive research of the prescription benefit market, we
discovered an alarming pattern; employers' prescription benefit
costs continue to rise and the administration assistance diminish.
Unlike traditional PBMs, our employer plans are designed for
the employer. The transparent design reduces administrative
cost and substantially reduces out-of-pocket exposure to employers.
PPS provides our employers the tools necessary to effectively
manage their prescription benefits, a quality not found in
most employer plans. Internet administration of plan membership
reduces expense and allows for greater reporting capabilities,
translating into increased savings for employers. Our in-depth
data management provides information in easy to understand
reports driving savings straight to the bottom line.
Benefit pricing is at the heart of the employers' frustration
with prescription benefit plans. Our transparent design
is based on a discounted Average Wholesale Price (AWP) plus
a professional fee for the pharmacy. Combined with our flexible
co-pay schedules designed for each employer, to reward members
for utilizing less expensive, equally effective products,
our pricing structure reduces employer expenditure. PPS
also offers a complete formulary of preferred vendors, but
with a twist. By establishing mutually rewarding relationships
between our employers and our contracted pharmaceutical
vendors, we return a greater savings to our employers. Finally,
our network of over 50,000 pharmacies has agreed to our
proprietary Maximum Allowable Cost (MAC) for pricing of
all generic prescriptions. Today, over 40% of all prescriptions
are generic, our MAC pricing substantially reduces overall
prescription expense.
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| Employer
Plans Summary |
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50,000+ Nationwide
Pharmacy Network |
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Mail Order Pharmacy |
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Transparent Solutions |
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Average Net Discount = AWP Less
26% |
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Low Administrative Fee |
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Unique Co-pay Design |
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Eliminate Traditional PBM Spread |
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Share Manufacturer Rebates |
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Internet Administration |
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Comprehensive Benefit
Reporting |
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Standard and Ad-Hoc Reporting |
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Highly Trained Clinical
Staff |
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Over 1.5 Million
Covered Lives |
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