Competitive Advantage
Humana Pharmacy Solutions manages employers' pharmacy benefits as well as their overall healthcare financial goals.
Advantages of Humana Pharmacy Solutions
We provide the right combination of competitive pricing, cost-saving clinical programs, and a "no games" approach to quoting and managing pharmacy benefits plans.
Total Cost Management Approach
Our "total cost management" approach means we're fully accountable and we take a large share of the financial risk. Humana Pharmacy Solutions is financially at risk for more than 90 percent of the $12 billion pharmacy expenditures it currently manages. Independent pharmacy benefit managers operate in mainly self-funded situations and – therefore – don't spend their own money.
Expertise and Experience
We have more than 300 pharmacists who focus solely on understanding the prescription drug benefit and how it can support the member's total health.
In 2008, Humana Pharmacy Solutions processed about 201 million prescriptions and managed more than $12 billion in prescription drug expenditure – for both Humana's employer-sponsored groups and its approximately 4.5 million Medicare members. We can manage pharmacy plans for employer groups – self-funded or stand-alone plans – at a lower net cost.
Humana Pharmacy Solutions is the nation's second largest provider of Medicare Part D benefits.
Consumer Education
Consumer education can lead to better health outcomes. We use a variety of guidance tools to educate consumers about the value of adhering to their doctor's orders and the true costs of prescription drugs.
Consequently, members often change their compliance behaviors, perceptions, and spending behaviors – becoming active consumers whose decisions affect their pocketbooks. They begin to study their options and make informed choices.
Contact Us
To find out more about Humana Pharmacy Solutions' competitive advantages, contact us.
