May 31, 2011
New Pharmacy Benefits Book Provides Guidance for HR Professionals
Brookfield, Wisconsin — Pharmaceuticals are an integral component of medical treatment, with some medications completely transforming health care outcomes and delivery. Pharmacy Benefits: Plan Design and Management, a new book published by the International Foundation of Employee Benefit Plans guides HR professionals through the complexities of pharmacy benefits and provides helpful advice to assist in the daily duties of a benefits practitioner.
Written by industry expert F. Randy Vogenberg, PhD, RPh, Pharmacy Benefits is a user-friendly primer on pharmacy benefits that addresses benefit plan design, the selection of a pharmacy benefits manager and pharmacy network, compliance, specialty pharmacy, cost-saving strategies and more.
The book also includes references, a glossary of terms, and websites for additional information. Almost every chapter has a practical check list or questions to ask vendors to help focus on important issues and coverage implications.
Also included is:
The pros and cons of carving pharmacy benefits into a health plan, as well as carving them out
Strategies for reducing drug costs while improving health care outcomes
How to promote informed patient choices and compliance with prescribed drug therapy
A look at current prescription drug utilization and spending in the United States including biologics or specialty medications
An introduction to various federal laws and regulations affecting pharmacy benefit plans
An overview of select government prescription drug plans, including Medicare Part D and Medicaid.
“As the Director of a Healthcare Purchasers Coalition, I find Dr. Vogenberg’s explanations and insight invaluable in my relations with PBMs,” stated John Miller, Executive Director, MidAtlantic Business Group on Health. “If you want to understand how PBMs operate (and you should), I highly recommend Pharmacy Benefits: Plan Design and Management.”
Pharmacy Benefits is the ideal resource for benefit managers and other health care decision makers who need to understand pharmacy benefits. HR professionals who have some knowledge of this topic, but are looking for more insight and current information will also find this an invaluable reference.
The 180-page book is priced at $46 ($35 for Foundation members). Bulk prices are available. To order the book visit www.ifebp.org/pharmacy or contact the Foundation Bookstore at firstname.lastname@example.org or (888) 334-3327, option 4.
The International Foundation of Employee Benefit Plans is a non-profit organization, dedicated to being a leading objective and independent global source of employee benefits, compensation, and financial literacy education and information. For additional information, visit www.ifebp.org.
*Note—A complimentary review copy of Pharmacy Benefits is available for credentialed media upon request.