Each year, your group health plan pays for thousands of prescription claims. Pharmacy claims now account for about 25% of all group health plan expenses. Yet, without conducting an audit, you have no way of knowing whether or not you are being billed correctly by your PBM firm for these claims. A MedReview Pharmacy Audit covers a twelve, eighteen, or twenty-four month period and covers every single prescription claim billed to you during that time. Our audits are not based on just a sampling of claims. A Pharmacy Audit covers the following key areas:
In addition, each Pharmacy Audit includes a summary of your claims activity during the audit period. We also illustrate for you the average cost per claim, the cost per claim of retail versus mail-order, and the cost per claim of branded products versus generic substitutes. Pharmacy Audits are conducted on a fixed fee based on plan size.
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