As pharmacy benefit costs have risen and the pace of new therapies has accelerated, plan sponsors have sought new and better ways to manage this important benefit. KTP works with plan sponsors by providing advisory, auditing and risk management solutions to maximize the cost-effectiveness of pharmacy benefit plans.
Our approach begins with developing an in-depth understanding of a plan sponsor’s goals and objectives. Armed with this information, we help clients design, implement and manage pharmacy benefit plans consistent with their goals and objectives. The process begins with the negotiation of highly attractive pharmacy benefit management contract which is audited regularly over the life of the contract to ensure pricing and performance targets are met. In addition, KTP helps clients identify and implement clinical and other programs that can reduce costs and risks, while simultaneously improving outcomes.