PBM Hub: Employer Strategies to Break the Monopolies

SHRM and HRCI credits available!

Wednesday, November 20, 12:30 p.m. - 5:30 p.m. (ET)

HRCI & SHRM credits will be available!

The PBM Hub offers employers a unique opportunity to gain actionable insights on driving transparency in their pharmacy benefit design. This groundbreaking event empowers employers to lead the charge for change to take control of their pharmacy benefits—an effort initiated during our recent PBM purchaser workshops. The goal is to inspire and inform employers to take bold, decisive action that transforms their approach to pharmacy benefits.

In conjunction with the Annual Forum, National Alliance of Healthcare Purchaser Coalitions has launched a PBM Hub, a pioneering initiative to foster collaboration, education, and innovation among employer/purchasers and the next generation of PBMs. 

The National Alliance, its member coalitions, and employer/purchaser members have the power to influence policy reforms that address harmful PBM practices. PBM Hub participants will learn to confidently set expectations for enhanced transparency, consultant independence, and value-based care. 

PBM hub will provide a unique platform for employer/purchasers to engage directly with transparent PBMs, offering an unparalleled opportunity to discuss and shape the future of pharmacy benefit management. 

The PBM Hub is a hybrid program consisting of two virtual sessions and one onsite session. 

• November - Introduction and preparation for November 18 (90-minute virtual session)
• November 20, 2024 - 12:30 p.m. - 5:30 p.m. (ET) (on-site at the Annual Forum)
• Early December - Debrief, questions and wrap-up (90-minute virtual session)

Key Focus Areas:

• PBM Contracting Language: Delve into the intricacies of effective contracting, ensuring clarity and fairness for all parties involved.
• Rebates: Explore strategies for negotiating and managing rebates to maximize value and transparency.
• Spread Pricing: Examine the impact of spread pricing on drug costs and discuss best practices for transparency and accountability.
• Legislation: Review current and upcoming PBM-focused legislation, with an emphasis on compliance.
• Transparency: Define what true transparency means in the PBM industry and how it can be achieved and maintained.
• Consolidated Appropriations Act: Analyze the implications of the Consolidated Appropriations Act on PBM operations and benefit design.

Benefits of Participation:

1. Direct Engagement: Engage directly with PBMs, gaining insight into their strategies, practices, and innovations. This direct interaction will help you understand the landscape and influence future PBM services to better meet your needs.
2. Thought Leadership: Learn from industry leaders about cutting-edge practices in contracting, rebates, and transparency. Benefit from expert discussions that can inform your decision-making and benefit design strategies.
3. Networking: Build relationships with PBM representatives and other key stakeholders in the healthcare and benefits sectors. Expand your professional network and explore potential collaborations that can enhance your benefits offerings.
4. Learning and Development: Access rich educational content provided by expert speakers and panel discussions. Stay informed about industry trends, best practices, and legislative changes that impact pharmacy benefits, enabling you to make more informed decisions for your organization.
5. Understanding PBM Contracting Language: Gain a deeper understanding of PBM contracting language and its importance. Learn how to negotiate contracts that ensure clarity and fairness, protecting your organization's interests and optimizing benefit management.
6. Value of Transparent PBM Partners: Discover the value of working with transparent PBM partners. Understand how transparency in PBM operations can lead to better cost management, improved service quality, and more effective collaboration.

Please contact Karlene Lucas with any questions!

Space is limited so sign up today!