Pharmacy Benefit Managers
PHG helps PBMs optimize their rebate programs, improve financial performance, and enhance their ability to provide cost-effective pharmacy benefit services to their clients and members.
A Partner You Can Trust
Our team offers profound clinical, financial, and operational knowledge and skills. We excel in cost containment, reducing drug prices, and optimizing savings for pharmacy benefit managers while also granting access to expansive pharmacy networks, ensuring a broad array of choices for their clientele.
Our data-driven approach, coupled with our comprehensive support team, empowers pharmacy benefit managers to make well-informed decisions and monitor the performance of their benefit programs effectively.
Game Changing Benefits
Rebate Management
We specialize in collecting, tracking, and managing rebates from pharmaceutical manufacturers. We help streamline the rebate process allowing you to focus on your core functions, such as managing drug formularies and negotiating drug prices.
Expert Negotiating Power
When you partner with PHG you have the power of negotiation on your side. We negotiate with pharmaceutical manufacturers on behalf of multiple PBMs, which can lead to increased bargaining power, better rebate agreements and lower drug prices for PBMs and their clients.
Risk Mitigation
Partnering with PHG can help PBMs reduce the financial risks associated with rebate management. We ensure that PBMs receive the full amount of rebates they are entitled to, reducing the likelihood of revenue leakage.
Regulatory Compliance
We assist PBMs in staying compliant with healthcare regulations related to pharmacy benefits, reducing the risk of non-compliance penalties.
Data Analytics
We offer robust data analytics, enabling Pharmacy Benefit Managers to track medication utilization, costs, and health outcomes. This data-driven approach supports informed decision-making and program optimization.
Cost Savings
By outsourcing rebate management to PHG, PBMs can potentially reduce their operational costs. Often times our services are at a lower cost than maintaining an in-house rebate management team, providing added expertise and lowering your overall costs.
Why Choose PHG?
Industry Leaders
We’re not just industry experts, we are a top 5 formulary management/rebate administrative service provider.
Independent
PHG operates independent of competing health plans or PBMs, allowing us to pursue the best options for our clients every time.
$6 Billion Drug Spend Managed
PHG leverages high volume drug spend to deliver competitive market rates to clients
25 Million+ Covered Lives
We provide more coverage, including more than 300 plans covering commercial, medicare, medicaid, exchange LOBs.
Technology Driven
PHG is the industry’s technology leader in data analytics and competitive intelligence.
Company Growth
Since Jan 2023, we’ve added approximately 70 plan groups, doubled our workforce, and developed a cutting-edge technology platform for rebate optimization.