WINDERMERE, Fla., May 18, 2016 /PRNewswire/ -- ARMSRx Pharmacy Benefit Consultants, the health care industry's leader in pharmacy benefits negotiation and assessment, will be presenting at the 2nd annual PBM Contracting Summit August 23rd and 24th 2016 located at the Warwick Allerton Hotel in Chicago, IL.
Industry Healthcare leaders will be presenting the latest strategies to market changes and how to adapt to them with contract positioning. Jennifer Kingsley Wilson; CEO of ARMSRx presents on August 24th at 2:00 PM CDT to emphasize "The Value of PBM Claim Audits" and how the need to conduct annual audits is essential to uncovering vendor compliance and accuracy of plan set up and achieved discounts. The points covered include: Reason to audit and understanding the different types of Rx audits; address errors and propose solutions to determine efficiency of contract positioning and performance guarantees; discover ways audits can be leveraged to reduce future costs; ensure the plan is meeting their contractual obligations and ensure the plan sponsor is receiving all benefits of the contracted arrangements. The presentation will close with recent audit findings for compounds, and overpayments under different scenarios.
ARMSRx is a pharmacy benefit consulting firm (not a pharmacy benefit manager) that specializes in saving payors money on their pharmacy expenditures. Most prescription benefit programs are based on financial arrangements that are complex, hidden and highly profitable to the Pharmacy Benefit Managers (PBMs). Our vested interest is the payors and our mission is to align the PBM's business objectives with the payors benefit goals. ARMSRx delivers intellectual capital.
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