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This week on the Healthcare Weekly podcast, Codrin Arsene interviewed Bryan Statham. He is the CEO of RxBenefits, a pharmacy adviser to employee benefits consultants and an established pharmacy benefits solution provider for self-insured employers. The company was founded in 1995 and Bryan began working there in 2005.
This episode gets stated by discussing the difference between a PBM and a PBO.
We hear about 3 things self-insured companies should look for when negotiating benefits coverage options for their employees: the contract, clinical elements, and the service.
The employees of RxBenefits work as a health insurance accountant: they read over contracts, make suggestions, and help employers optimize their benefits plan.
Bryan explains that some of the big benefits providers sometimes use tactics trying to upsell employers. They may offer an add-on, preying on the employers’ lack of knowledge to tell them that they require more than they really do. Companies must do their due diligence before settling on a plan.
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