Don't let rising drug costs catch you off guard. Arm yourself with the knowledge to make informed decisions about your pharmacy benefits strategy.
In today's complex healthcare environment, staying informed about pharmacy benefit trends is crucial for business leaders. That is why NFP is proud to release our first annual Pharmacy Benefits Trend Report.
2023 brought challenges that tested our resilience and adaptability. The emergence of new-to-market specialty medications and GLP-1 medications for weight management introduced complexities in coverage decisions and cost management. NFP consultants worked tirelessly to ensure that our clients’ members had access to these innovative treatments while effectively managing costs through strategic negotiations and tailored solutions.
Yet, 2023 was also marked by significant innovations. The increased utilization of biosimilars, particularly with the entry of Humira alternatives, heralded a new era of affordable treatment options. Through our dynamic data analytics and hands-on member support, we were able to help our clients capitalize on these opportunities, resulting in substantial cost savings and improved patient access to care. As we reflect on the past and look to the future, we are guided by our mission to enhance human and economic health through thought leadership, innovative services and collaboration. The healthcare environment may continue to evolve, and the regulatory landscape to grow in complexity, but our focus remains steadfast on quality, transparency, education and cost.
The 2024 NFP US Pharmacy Benefits Trend Report provides the insights you need to optimize your pharmacy benefits strategy and manage costs effectively.
What's Inside
- GLP-1 Drugs: Understand the impact of weight loss medications on plan costs.
- Humira Biosimilars: Explore potential cost savings in the evolving biosimilar market.
- Specialty Drug Management: Learn strategies to combat rising costs, including "dose creep."
- Inflammatory Conditions: Discover approaches to manage one of the top drivers of drug spend.
Why This Report Matters
- Gain expert insights on the latest pharmacy benefit trends.
- Learn strategies to balance employee health needs with budget demands.
- Understand the factors driving drug costs and how to mitigate them.
- Explore innovative approaches to pharmacy benefits management.
Who Should Read This Report
- HR Benefits Managers
- CFOs and Finance Teams
- Business Owners and Executives
- Healthcare Benefit Consultants
Don't let rising drug costs catch you off guard. Arm yourself with the knowledge to make informed decisions about your pharmacy benefits strategy.