Reconstructing Healthcare: Innovative Solutions For Employers To Lower Their Healthcare Costs

Topics: Consumerism Pharmacy Benefit Manager Transparent Model Misaligned Incentives Reference Based Pricing Rebates Formulary Alignment In this episode, Michael introduces you to Paul Ford, the Founder, and CEO of OrchestraRx. Join us as we discuss OrchestraRx’s consumer-driven pharmacy benefit model and the impact it can have on an employer-sponsored health plan’s drug spend. Here’s a glance at what we discuss in this episode: Paul’s unique experience in healthcare and why he founded OrchestraRx The anti-competitive landscape and lack of transparency that enables healthcare costs to rise How OrchestraRx’s model is different from the traditional pharmacy benefit manager The difference between a Traditional PBM Model and a Transparent PBM Model How OrchestraRx’s consumer-driven pharmacy benefit manager model is trying to address the employer’s total net cost Why incentives in a traditional pharmacy benefit manager contract are misaligned   How a smaller PBM can provide more savings to an