PSG knows that effective pharmacy programs can only manage what they can measure. To meet this vital need, we have invested a significant amount of resources into developing what we believe is the industry’s most robust data warehousing, modeling, comparative analysis, and reporting platform.
Our Pharmacy Benefit Technology Capabilities
PSG’s data analysis, PBM compliance review services, and reporting operate on internally developed software applications based in SQL. Our proprietary platform enables PSG to provide:
Independent Pricing Source Validation – PSG purchases third-party software to ensure the assignment of pricing sources is appropriate based on claims-specific data feeds. This external pricing source allows us to model various alternative pricing structures per your request (e.g., WAC-based pricing, etc.)
Simplified, Actionable Pharmacy Program Reports – Our financial and reporting teams are experts in developing customized reports to allow you to easily and effectively measure the overall performance of their pharmacy program.
PBM Accountability – The result of the pricing compliance analysis is a compliance report that demonstrates whether the PBM has lived up to the financial terms of the agreement, while identifying any potential sources of variance. PSG also routinely conducts claim-by-claim analysis of your utilization data to confirm that designated plan designs are being accurately administered by the PBM.
Benchmarking, Trending, and Forecasting Capabilities – The technology platform PSG has developed, and the human resources available to obtain maximum value from the technology, has allowed us to create a pharmacy data analysis and reporting platform that is best-in-class in the pharmacy benefit consulting world. Our warehousing solution allows us to identify and report benchmarks across our book of business. This greatly benefits our clients by offering a broader scope of comparisons.
Our 340B Administration Technology Capabilities
PSG’s 340B split-billing software alleviates the burden of 340B inventory management and delivers visibility for both retail and 340B pricing to optimize purchase. Our superior technology automates process and reconciliation via EDI interface with wholesalers and allows our clients to easily investigate and verify 340B purchasing history.