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FALLON BENEFITS GROUP, INC. | One Buckhead Plaza | 3060 Peachtree Road, NW, Suite 1650   |   Atlanta, Georgia 30305 404.814.6060 | Fax: 404.814.6061 | www.fallonbenefits.com © 2009 Fallon Benefits Group, Inc.
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pharmacy benefit evaluation

Fallon Benefits Group recognizes the importance of managing pharmacy costs as they are a significant portion of health plan expenses. Utilizing the expertise of dedicated pharmacy benefit management consultants, we evaluate your current pharmacy program as well as other industry programs to ensure that you are leveraging the best pricing and programs that will help you meet your plan objectives.

The steps taken during this process include: 
  • Discovery – review current plan, comparison to best practices, develop cost containment strategies, contract negotiationsWellness Program Strategy Session

  • Vendor Procurement – develop client-specific RFP

  • Analysis and Contract Negotiations –analyze technical, operational, financial, customer service and performance guarantees of each vendor; model financial offers

  • Health Risk Assessments and Screenings

  • Implementation – develop and manage implementation timelines, contract review and ensure appropriateness of contract terms

  • Ongoing Oversight and Performance Management - continual oversight of prescription drug program, quarterly reporting including performance review and recommendations, ongoing reconciliation and validation of client-specific performance guarantees and ongoing  clinical program review  

Discovery – review current plan, comparison to best practices, develop cost containment strategies, contract negotiations