Cambridge Advisory Group is the industry leader for full-service pharmacy consultancy. We provide ongoing consulting services for a wide range of clients with aggregate drug spend exceeding two billion dollars.
RFP services: In a perfect world, what would your Pharmacy Benefit Manager (PBM) provide for you? When it comes to negotiating and finding “the right fit” for your organization, trust Cambridge Advisory Group’s pharmaceutical expertise. We work with you to understand your objectives and expectations from a PBM. Our unbiased and independent vendor selection process is designed to find vendors who live up to your requirements. We follow this up with RFP distribution, scoring, recommendations, and vendor selection. Finally, we coordinate the contract negotiations and implementation with the vendor of your choosing.
Contract analysis: We regularly assess PBM agreements, providing valuable insight to our clients. Subtle language differences, seemingly arbitrary to the untrained eye, can significantly impact the overall value of a PBM agreement. We highlight the contract’s strengths and weaknesses.
Market checks: PBM agreement length is often 3 years or greater and often includes periodic market checks to assure the pricing remains competitive. By stipulating frequent Market Checks during the RFP process, Cambridge ensures timely review of annual spends in the event changes in the market landscape yield more competitive pricing.