PBM Procurement + Contracting
Our Expertise Drives Pharmacy Savings.
PSG provides clients with impartial expertise in all areas of PBM relationship management – from full-scope procurement services and program implementation to critical drug pricing metrics powered by a market-leading benchmarking database.
$
billion combined PBM contract savings over the past 2 years%
average pharmacy spend savings for clientsGET OUR GUIDE TO PBM PROCUREMENT
Vendor Procurement
PSG offers PBM and Specialty RFP execution, as well as in-depth contract negotiation. Our PBM procurement assistance includes vendor identification, evaluation, scoring and recommendations.
Implementation Support and Oversight
PSG’s program implementation helps organizations optimize their PBM relationship by providing client support, contract negotiation, quarterly/annual program reviews, and Medicare support.
"PSG's experience proved invaluable to our PBM RFP effort. The returns we realized greatly exceeded our expectations."
- Director of Pharmacy, Regional Health Plan
Market Check Analysis
Our market benchmarking allows for mid-contract price adjustments and helps ensure best-in-class contract terms, methodologies, and competitive drug pricing.
Renewal Support
PSG assists in PBM and Specialty vendor renewal, as well as in-depth contract negotiation.