Reduced Pharmacy Costs by $500,000 in Just 6 Months
Case Study
With Cottingham & Butler's Innovative Approach
Nationwide Coverage Network
Expanded to national network, giving employees more provider choices at better rates
71% Reduction in Pharmacy Spend
—
$500,000
saved in 6 months — dropping monthly costs from $165 to $48 per-member per-month.
Strategic Benefits Enhancement
Reinvested savings into employee programs without increasing budget
The Challenge
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Benefit costs spiraling upward year after year
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Specialty drug claims creating unsustainable cost surge
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Previous provider's rigid plan design limiting options
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Growth plans hindered by reactive benefits approach
LOCATION
Minnesota
SIZE
~280 Employees
INDUSTRY
Commercial Truck Dealership
The Cottingham & Butler Approach
In-Depth Analysis & Strategy Development
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Utilized our exclusive Pharmacy Toolkit to collect and analyze claims data
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Pinpointed cost drivers with thorough proprietary Guided Pharmacy Solutions (GPS) process
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Benchmarked against industry standards to secure competitive edge
Strategic Pharmacy Management
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Developed a tailored strategy, recommending the optimal combination of ControlRX and NaviCareRx programs
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Aggressive program management cut pharmacy costs by 71%, reducing per-member per-month (PMPM) spend from $165 to $48.
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Projected YTD annual savings of ~$500,000
Enhanced Clinical Oversight
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Applied advanced drug management strategy, reducing specialty drug costs while protecting member access
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Maximized patient assistance programs to lower costs for both employer and members
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Delivered successful clinical oversight with minimal disruption to member care
Network Optimization
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Maximized carrier relationships to transform regional coverage into nationwide access
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Expanded access to care for employees, doubling provider options without increasing costs
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Improved employee satisfaction through broader provider choice and improved coverage for out-of-state care