It’s easy to make a bad decision and get stuck in a contract that benefits the PBM more than you. Let the experts at Araya explain how to avoid this trap and positively impact your spend and quality of care.
Get the Real Facts
Don't Take Chances With Just Any PBM
Deep discounts, big rebates, no admin fee… sounds like a sure thing. You need to be careful of getting the short end of the stick. We can tell you the questions to ask and which answers are best for your plan and your members.
True Cost of Consolidation
Yesterday's Service | Tomorrow's Capabilities
Consolidation in any industry means lower prices. It also means the consumer gets farther and farther away from the decision maker. This is OK when you are buying a car or a dishwasher. Not so great when you are providing health care benefits.
Meet the Decision Maker
Almost 75 % of the market is controlled by publically traded organizations. Their executives are compensated in a large part based on share price. If incentives are aligned it works well for both parties. Araya’s health and stability is based on retaining our client base. Aligning our goals with our clients is the only way we can.
Data Driven Intelligence
Information derived from the claims processing system represents a valuable client asset. Araya leverages this asset to the client’s advantage in many ways. Other PBMs leverage this asset through increase rebate from manufacturers that are seldom shared with clients , driving prescriptions to their pharmacies.
The standardization that exists within this industry allows for great economies of scale and efficiency. At the same time it make PBM look very much the same. All PBM have the same tools at their disposal. How the tools are used is how payors can differentiate between companies that are very similar.