Trivantage, our pharmacy benefit consultants, helped us save on our pharmacy benefit as a result of their specialized expertise. Through their in-depth request for proposal document...
Circuit City:
Manage Benefit Use
The Trivantage clinical consulting team can help you navigate through a myriad of clinical options and take a strategic approach to uncovering savings opportunities. Drawing on our extensive industry knowledge as well as our proprietary tools, we address these key areas:
- Strategic benefit design and analysis
- Clinical formulary analyses including the determination of lowest net cost assessments
- Clinical rule consideration and development
- Specialty drug management and solutions
- Implementation of quality initiatives
Our clients gain enhanced pharmacy benefit control through our unique three-phase approach:
Phase One: Establishing your baseline
- Gather historical plan data to identify and analyze trends
- Understand the plan’s philosophy on key issues
- Study the impact of member utilization
- Conduct a cost-benefit analysis, evaluating fees versus plan savings
Phase Two: Setting your Rx benefit strategy
- Develop custom recommendations based on your objectives
- Develop a timeline for implementation
Phase Three: Tracking outcomes and monitoring results
- Use our clinical pharmacists and actuaries to quantify and summarize all initiatives
- Review the summary to develop additional recommendations and suggestions for change