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 | | a solution for your business: pharmacy benefits management | | Costco has combined with Envision Pharmaceutical Services to provide the next generation of pharmacy benefits management. This new product offering covers employers in all 50 states and welcomes virtually all types of payers including unions, health plans and municipalities, just to name a few. | | | To learn how we can help your organization save on your prescription benefits call 1-866-282-1640 | | | | | Benefits to your organization | | | | - One flat management fee is charged on a per-employee per-month (PEPM) basis
- Discounts through a nationwide pharmacy network
- Additional discounts and even lower pricing at Costco Pharmacies
- Formulary management services
- Drug utilization review
- State-of-the-art, online interactive reporting package
- Claims processing
- Prescription cards for both members and dependents
- 24/7 Pharmacy and Member Services desk
- Mail Order
| | | | | Under Costco's Pharmacy Benefit Program, Envision will administer the plan, including claims processing, and Costco will provide its value pricing as the preferred pharmacy provider. | How our program differs from other prescription benefits management programs: In addition to our exclusive pharmacy provider pricing, all rebates and administrative fees received by Envision from pharmaceutical manufacturers will be credited to you (the payer) at the point of sale. This means immediately lower prices and, unlike our competitors, our program does not create a "pricing spread" that is built in as additional profit. Our design is fundamentally a cost-plus strategy.
Flexible benefit structures accepted: Many benefit designs can be implemented. In fact, we can assist in development of a customized benefit program that fits your needs.
Benefits to your organization contracting and using the services of Costco PBM: If your organization contracts with us, and your employees and dependents/retirees use Costco pharmacies, they will pay lower prices than they would at the other nearly 50,000 pharmacies in the Envision national network.
Costco operates more than 380 full-service pharmacies, with state-of-the-art computer systems that feature automatic screening for medication interactions, medication usage and medication allergies. Costco also offers a convenient mail-order delivery option. To learn how we can help your organization save on your prescription benefits call 1-866-282-1640. Prescription benefits management services just got better. Costco value pricing has now come to Pharmacy benefits. | | | | |
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