Pharmacy Benefit Consulting

Expertise to help effectively manage your pharmacy benefit to support contractual integrity, quality of care and affordability.

Need help selecting the best pharmacy benefit partner for your organization and your employees?

McGriff may just be the prescription

Over the next decade, the Centers for Medicare and Medicaid Services projects that retail prescription drug spending will be the fastest growing health care category and will outpace other health care spending.

To help manage costs, plan sponsors must exercise a high level of due diligence when reviewing potential pharmacy benefit managers (PBM). That's where our experts can help.

Managed care complexity made simple

Our team will help you navigate the trends and complex challenges of today's healthcare landscape, including:

  • High investment specialty drugs and gene therapy
  • Advancements in value-based outcomes
  • Widespread use of data analytics in patient care
  • Role of technology in patient engagement

A comprehensive solution

McGriff's complete review of all PBM capabilities and financial terms includes:

  • Request for Proposals (RFPs)
  • Contract terms and definitions
  • Financial performance guarantees
  • Pharmacy network options
  • Audit review
  • Operational efficiencies
  • Deep data analytics and trends
  • Specialty drug coupon program
  • Clinical program impact
  • Plan benefit design

McGriff is dedicated to providing an unbiased review of all PBM provider options so you can make the best choice for your organization.

Related products

Compliance

Our team of legally-trained advisors and experienced HR professionals proactively monitor changes in regulations that may impact your benefits including ACA, ERISA, HIPAA, COBRA, ADA and GINA, and then provide timely and actionable guidance.

Financial Analytics

Actuarial and underwriting resources to help make data-driven decisions about benefit plan design and contribution strategies.

Clinical Wellness

Industry insights, solutions and thought leadership to promote better employee health, reduce future health risks, and improve productivity.

Communications

Strategies that build awareness, educate employees and drive engagement in your benefits.

Human Resources Advisory

Advice, best practices and insights on a wide range of HR issues across the employee life cycle.

Benefits Technology and Administration

Knowledge and experience to help you select the best technology solution to meet your needs and the guidance to ensure a successful implementation.

Flexible Benefits

A full suite of administration services for FSAs, HSAs, HRAs, Transportation Spending Accounts (TSAs), COBRA and retiree billing.

COBRA Administration

State-of-the-art systems and processes to properly and efficiently ensure your compliance with COBRA regulations.

Retirement Consulting

Retirement consulting services for pension plans and post-retirement medical actuarial valuations.

Communications resource center

October 2020 Employee Benefits Newsletter  (Newsletter)

September 2020 Employee Benefits Newsletter  (Newsletter)

July 2020 Employee Benefits Newsletter  (Newsletter)

June 2020 Benefits Beat Newsletter  (Newsletter)

June 2020 Employee Benefits Newsletter  (Newsletter)

May 2020 Benefits Beat Newsletter  (Newsletter)

May 2020 Employee Benefits Newsletter  (Newsletter)

April 2020 Benefits Beat Newsletter  (Newsletter)

March 2020 Benefits Beat Newsletter  (Newsletter)

February 2020 Benefits Beat Newsletter  (Newsletter)

On-site Clinics: Compliance Concerns  (White Paper)

Self-Funded Client Trends and Stop-Loss Marketplace  (White Paper)

January 2020 Benefits Beat Newsletter  (Newsletter)

HSAs: Spouses on Medicare  (White Paper)

December 2019 Benefits Beat Newsletter  (Newsletter)

November 2019 Benefits Beat Newsletter  (Newsletter)

Look-Back Measurement Method: Reduction of Hours  (White Paper)

August 2019 Employee Benefits Newsletter  (Newsletter)

Employee Retention in the Age of Choice  (Business Resource)

June 2019 Employee Benefits Newsletter  (Newsletter)

May 2019 Employee Benefits Newsletter  (Newsletter)

Payroll Connectivity and HR Bandwidth Considerations Prior to Initiating a Ben Admin Vendor Search  (Business Resource)

April 2019 Employee Benefits Newsletter  (Newsletter)

PCORI: Mental Health Research and Outcomes  (Business Resource)

March 2019 Employee Benefits Newsletter  (Newsletter)

Top Health and Welfare Considerations in an M&A Deal  (Business Resource)

February 2019 Employee Benefits Newsletter  (Newsletter)

Musculoskeletal Disorders – Painful for Employees and Employers  (Business Resource)

January 2019 Employee Benefits Newsletter  (Newsletter)

Leadership that Drives Results  (Business Resource)

December 2018 Employee Benefits Newsletter  (Newsletter)

Reducing Health Care Costs with Referenced Based Pricing  (Business Resource)

November 2018 Employee Benefits Newsletter  (Newsletter)

Another Take on Actuarial Value  (Business Resource)

October 2018 Employee Benefits Newsletter  (Newsletter)

Common Misconceptions in ERISA and ACA Compliance  (Business Resource)

Association Health Plans – A Foundation to Understand the Conversation  (Business Resource)

Contact us

Maximize your benefits investment, manage costs and mitigate risk. 

Contact usabout employee benefits solutions877-682-8510

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    American Academy of Actuaries, Prescription Drug Spending in the U.S. Health Care System, March 2018

Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of Truist Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.

McGriff Insurance Services, Inc. CA License #0C64544.