Pharmacy Benefits
Pharmacy benefits are one of the most valued—and costly—components of your benefits package. As a result, your current pharmacy benefits are having a big impact on both your employees and your bottom line. At Relation, we can help lower costs (typically by 20%), streamline plan administration, and improve medication adherence for the overall health of your employees.
RelationRx: Keeping Pharmacy Costs Under Control.
RelationRx is the industry’s only comprehensive, data-led, fully independent PBM management and cost-containment platform. It’s an ideal solution for self-funded employers with 100 or more covered lives who are looking for a better, more transparent way to manage their pharmacy benefits.
Clients using RelationRx typically see a 20% improvement in their pharmacy contract, whether renegotiating with an existing PBM or switching providers.
See The RelationRx Difference.
RelationRx isn’t just another PBM or consulting service—it’s a comprehensive pharmacy benefits solution that delivers real, measurable savings while ensuring full transparency. Here’s how we stand apart:
Complete Independence
Unlike many brokers or consultants who have preferred relationships with certain PBMs, RelationRx is fully independent and evaluates all PBMs objectively. This ensures our clients can confidently fulfill their fiduciary obligations to their organization when it comes to pharmacy.
Open Marketplace
Our pharmacy marketplace can evaluate over 60 different PBMs apples-to-apples, including alternative funding, specialty carve-out, and more.
Deep Contracting Expertise
The RelationRx team has deep experience evaluating and negotiating PBM contracts. We can uncover what might be ‘hidden’ within a contract, and we’re able to expose and highlight the aspects of the contract that are most important to you. Our tech-enabled approach delivers superior capabilities as we evaluate as many as 600 contract terms during our analyses.
100% Pharmacy Oversight
Unlike other point solutions or brokers in the market, RelationRx re-adjudicates 100% of all pharmacy claims, ensuring a complete picture into how your pharmacy program is performing.
Ideal For Both Carve-In And Carve-Out Plans
Whether your plan is carved-in or carved-out, RelationRx can evaluate and optimize your pharmacy contract.
Better For Your Business And Your Employees.
RelationRx replaces traditional PBM procurement and renewal models for self-funded employers. In addition to competitive procurement and ongoing insights, RelationRx effectively improves member engagement, benefitting your employees, not just your bottom line.
- Members maximize their personal pharmacy benefits.
- Drives out-of-pocket savings for the plan and member.
- Insights to inform future plan design strategy.
Request A Pharmacy Benefits Review.
90% of pharmacy contracts that RelationRx reviews detect some level of variance or shortfall when compared to the PBM’s reporting. That costs you money. Let’s see what a review of your current program uncovers at no obligation or cost. Click below to get started.