Open forum event focused on high-cost specialty drugs, emerging market trends, pricing, network structure
MILWAUKEE, Aug. 28, 2013 /PRNewswire/ — TRICAST, Inc., the leading pharmacy data analytics company based out of Milwaukee, WI, conducted its annual Pharmacy Benefit Manager (PBM) Round Table event this August. This event assists TRICAST in identifying trends in the industry while conducting the annual market-check. According to TRICAST CEO Greg Rucinski, "With so much consolidation occurring today, we feel it's prudent to evaluate the marketplace regularly, especially when many of these PBMs are potential acquisitions within the industry."
The discussion on high-cost specialty drugs unearthed a consensus among the PBMs indicating that specialty is likely to exceed 50% of drug spend over the next two years. Six PBMs as well as two Specialty entities were in attendance over the course of the event.
"We find that PBM proposals are often 'spread-sheeted' based solely on their discounts whereas we [TRICAST] dive deep into their re-pricing and claim adjudication process to offer a true apples-to-apples financial comparison," explains Director of Business Development Rob Bigalke.
TRICAST utilized the Round Table discussions to determine trends in the industry such as consolidation, network contracting, manufacturer rebates and specialty.
For more information on the 2013 PBM Round Table, please contact Rob Bigalke at 414.302.9733 or Email.
About TRICAST
TRICAST, Inc. is a leading pharmacy data, analytics, and consulting firm founded in 1997. TRICAST has leveraged more than 25 years of technology and claims processing expertise, extensive client insight and a team of industry experts to offer forward-thinking, full-scope pharmacy benefit oversight solutions to its clients. TRICAST provides audit services as the core of its business, and have assessed multiple types of pharmacy programs. The company's broad experience across payers of widely differentiated size and type, combined with focused experience in pharmacy, enabling the delivery of comprehensive assessments of pharmacy programs. Learn more by going towww.tricast.com.
Contact: Amanda Throm
Amanda Throm, TRICAST
Ph.: 414.302.9733 Ext. 247
Email