In addition to sharing all rebates and discounts, we focus on formulary and drug mix as factors to reduce overall cost
When goals are aligned, great things can happen.
Formulary management and drug mix have a large impact on overall plan cost. It is important to ensure all formulary decisions are, first and foremost, clinically-sound. Our approach is anchored in this. When clients implement our lowest-net-cost philosophy, the result is a high-performance formulary that achieves clinical efficacy through lower-cost alternatives like generics or less expensive brand name drugs when appropriate. In comparison to other approaches, this creates a lower net wholesale price.
By lowering unit cost, drug cost directly decreases for plan sponsors. Navitus clients see per member per month (PMPM) savings compared to their prior trend.
We cannot say enough positive things about transitioning our specialty pharmacy services to Lumicera. The Navitus account team had a high level of engagement prior to and post migration to ensure quality continuity of care. L.A. Care is delighted with the smooth transition and our members have provided extremely positive feedback. We know we are in good hands with Navitus and couldn’t be happier with our new specialty partner, Lumicera.
Chief Pharmacy Officer, L.A. Care
With this insight into Navitus’ operations and access to data, I am able to make sensible decisions with the best interest of the Trust in mind.
Administrative Manager, San Diego Electrical Health and Welfare Trust
Navitus made my job so much easier and less worrisome. They assisted us in ensuring our significant formulary change went smoothly. The financial savings we experienced have exceeded what we anticipated. Navitus has lived up to its promises.
Former Chief Human Resources Officer, West Tennessee Healthcare
Our holistic approach to well-being will always include solutions with innovative partners like Navitus that allow our staff to save money while enhancing their quality of life. The integration of pharmacy benefits and our other well-being solutions are key to our staff's success.
Benefits Manager, Compassion International