Immediately save $500K to $50M annually on your Pharma spend
About us
PharmaFiduciary is the first national, tech-enabled marketplace where all 60 U.S.-based PBMs are finally allowed to compete. This severe lack of competition amongst PBMs has caused 4 PBMs to dominate the US market with now having over 85% market share. This has left the remaining 56 PBMs with very little share and in so doing, Rx pricing for large employers has been persistently high for most corporations for decades.
Through this innovative competitive process, PF and its strategic partners are able to dramatically reduce annual Rx costs by 25 to 50% YOY. In many cases we are able to do so while keeping employers with their incumbent PBMs, at a far lower cost.
Furthermore, PF is able to cut out millions of dollars annually in hidden fat buried in PBM contracts, which typically involves 7 figures of undisclosed commissions on the part of major U.S.-based health insurance brokerages and TPAs alike.
HQ in Naples, Florida
Additional offices in GA, IL, TX
Clients / Employees / Strategic Partners Nationwide
Typical Client has 10,000 Members (or more) on their current Rx program
Average 1st Year Savings on Rx (or 20%, regardless of number of members)
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The problem
Here’s the deal: You’re getting taken for millions.
Right now, the both the FTC & Congress are investigating six of the largest pharmacy benefit managers in the United States.
Why? Lack of transparency. Sky high prices.
And as National Community Pharmacists Association CEO B. Douglas Hoey said recently, “PBMs behave like monopolies. Their secretive, anticompetitive practices increase prescription drug prices, limit consumer choice, and stymie competition.”
What’s more – the FTC notes the idea of vertical integration means the largest PBMs are essentially in bed with major health plans and mail order and specialty pharmacies giving them even greater impact on prices.
Bottom Line
What this means for your company
All of this means self-funded groups are spending way too much for prescription drugs. What you may not know, is that there are 54 other PBM’s that have been shut out of vying for your business. This lack of competition is forcing you to pay millions more than you should.
The Solution
PharmaFiduciary helps find you the right provider
PharmaFiduciary helps find you the right provider by doing the due-diligence and connecting you with a PBM or PBA, that will drastically reduce your spend without sacrificing your employees access to the proper medication.
We aggregate solutions for you. No hassles for you. Only drastic savings. And- this can all be done without impacting drug formularies or how your employees get access to their medications.
Plus- if you ultimately decide to do business with PharmaFiduciary, you can keep your current broker, TPA & medical stop loss carrier in place. Furthermore, the icing on the cake is your medical stop loss carrier will most likely give you a discount on annual premiums given this dramatic decrease in your overall Rx claims spend.
free resource
Learn how to immediately save $500k to $50 Million year over year on your Pharma spend
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