Replies to post #77185 on Biotech Values

[xrymd]

PBMS: I always thought PBM's were a middle man draining money from a bloated, ineffiecent health care system. I think Walmart and Walgreens are going to take a big bite out of PBM's businss over time.

[rph_in_wi]

Re:offering businesses low-priced drugs if they sign up

There are a few reasons why this is a better idea than a PBM. This model is certainly more transparent and will allow sponsors to negotiate with the various providers using a consistent measuring stick. If costs are being consistently negotiated, then the most important variable will be service. When service is stressed as the main tool for customer retention, the patient will really benefit. It is my contention that when pharmacists are allowed to increase their time with patients, the health system saves money and that leads to long-term added sponsor savings.

So sponsors win, patients win by being allowed to see a local pharmacist in person and the profession wins by hopefully being allowed to embrace personal patient care.

Now, if only these companies and pharmacists don't drop the ball.....

RPh