Tired of Rx Costs Taking You for a Ride?
Get off the runaway train with 3 steps to effectively manage your prescription drug costs.
Presenters:
- Todd Edwards – SVP Sales, Levrx
- Matthew Williamson CHRS, CPBS – Managing Partner, Insurance Office of America
- Patrick McLaughlin R.Ph. MBA – President, Araya
Watch Webinar On-Demand
About this Webinar
Managing the cost of providing a prescription drug benefit grows more difficult by the day. The country’s total drug spending increased by 7.7 percent in 2021. New medications, new therapies are being introduced at an alarming rate, adding even more cost to an already skyrocketing spend. Complicating the problem further are the many participants who influence and control the many decision points within the delivery system, often with goals and objectives that are not aligned with the payor’s.
It can seem impossible to take control of this runaway train, so our panel of experts will highlight the three most important aspects of a prescription benefit strategy to effectively manage your spend in today’s pharmacy landscape.
Funding Mechanism
First you must choose the funding mechanism that allows you the flexibility to implement the tools necessary to take advantage of ALL the existing opportunities for cost containment.
Strategic Partners
Next you must find the right partners who are willing to work within a model built specifically to align incentives with your goals.
Engaging Technology
Finally is employing technology that target the population of your members who are driving this cost and simplify the complex benefit that is necessary to ensure appropriate care while controlling costs.
What you will learn
Risk Management
How to manage risk within the prescription drug benefit.
Aligning Incentives
How to align incentives between the payor, pharmacy, patient and PBM.
Member Engagement
How to use technology to provide a better experience for all participants.
Webinar Speakers
Todd Edwards
SVP Sales, Levrx
Todd is responsible for the overall growth strategy and execution of Levrx sales.
Prior to Levrx, Todd led the regional delivery of employee benefits expertise and resources for Arthur J. Gallagher & Co., the world’s third largest benefits and risk management consultant.
Prior to joining Gallagher Todd was the Founder and Managing Partner at D&E Benefits Solutions, a specialty employee benefit consulting firm in Albany, NY and spent 8 years prior to that as the New Business Sales Leader for BlueShield of Northeastern New York.
Matthew Williamson
CPBS I Managing Partner,IOA
Matthew is an owner/stockholder of Insurance Office of America (IOA) specializing in the fully insured and self-funded benefit platforms for employers of all sizes. Matt has been with IOA for the past 11 years and in the insurance industry for the past 22 years.
Matthew serves as a delegate to The Council of Insurance Agents & Brokers (CIAB) on behalf of IOA. The Council position is invite-only and based on relationships and production in the marketplace. Less than one percent of all brokers are invited.
Patrick McLaughlin
President, Araya
Patrick has over 30 years of experience in the healthcare industry. He has held numerous positions from practitioner to manager to executive. Prior to launching Araya, he served as Chief Services Officer of NMHCRx; a publicly traded Pharmacy Benefit Manager located in Port Washington, New York.
He is a member of the Academy of Managed Care Pharmacy, the SIIA and the HCAA. Mr. McLaughlin earned his B.S. in Pharmacy from Albany College of Pharmacy and Health Sciences. At ACPHS, he has served as President of the Alumni Association, a member of the Presidential Search Committee and is currently an Adjunct Faculty Member.
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