News Releases by "Mike Sammons"

CFO/Human Resources Pharmacy Benefits Audits Brief

Apr 28, 2010 by Mike Sammons

Most employers are unaware that a major portion of their Company’s health and welfare plan assets may not be subject to an auditable or enforceable contract. Furthermore, it is not unusual to find situations where no administration contract even exists. The matter of reference relates to pharmacy benefit claim administration. For a pharmacy benefit administration agreement to be auditable, there are a number of mini...

A partial list of over 85 companies who have utilized the The Quest Group/RxQuest programs as a procurement design support tool to better evaluate their pharmaceutical benefits plan. The results were all the same, better control and annual savings of 12% to 18% on their pharmacy spend.