The True Cost Of Pharmacy

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Manage episode 285772839 series 1034388
By Public Risk Mgmt Assoc. and Public Risk Management Association (PRIMA). Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
This week we’re joined by Mark Morgan, President of Sherrill Morgan. He explains in-detail Pharmacy Costs - why they cost what they do and how Pharmacy Programs work today. There is a space between the Average Wholesale Price (AWP) and the Maximum Allowable Cost. This gap allows for arbitrary costs to be determined by a Pharmacy Benefit Manager (PBM). Mark shares how to address or avert the PBM situation. He also provides insight into four ways to save costs Acquisition Cost Indexing, Own Use Acquisition, Rebates, and 340B

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