Procurement & Renewal

The PSG Advantage

Vendor Procurement

PSG is the recognized leader in managing complex pharmacy benefit procurements. Our team has the experience and market knowledge to support our clients throughout the entire process. We specialize in both health plan and large employer procurements that have unique considerations. We bring clarity to complex PBM proposals and services by performing a comprehensive analysis of overall quality, network capabilities, clinical programs, and financial offerings.

What Sets PSG Apart

• We invest time to understand your unique needs and requirements by working closely with you and your organization’s key stakeholders. Based on these insights, we tailor the PBM RFP to identify the right PBM partner for your organization.
• Our procurement methodology is continuously updated based on market changes and opportunities to ensure your program is well-positioned today and into the future.
• We have a wealth of experience working with all of the major PBMs, as well as the majority of PBMs in the small and middle markets.
• Our team has pioneered new pharmacy program arrangements and has the expertise to support carve-out approaches, including comprehensive unbundled PBM arrangements.

Once a new PBM partner is selected, PSG’s implementation support reduces the risk of a negative member experience or overtaxing existing staff. We work closely with you to create a custom scope of services that is tailored to your specific resource and expertise requirements. We apply industry-standard project management techniques through a proprietary project management tracking system to manage the services related to your implementation.

Renewal Support

At PSG, we have a rich history of actively participating in hundreds of PBM procurement and renewal processes that have impacted more than 100 million lives. Our unmatched experience in renewal projects has given us the expertise to identify current market opportunities and tailor them to align with your organization’s unique operational and program design needs.

Our formal and documented renewal process ensures that our clients consistently receive value across all markets. As part of this process, we actively involve you in the review and approval stages. Our team at PSG is responsible for engaging with vendors, creating comprehensive document and presentation content, and conducting financial and technical evaluations to ensure that your renewal process is seamless and stress-free.