Navigation Links
Confusing New PBM Drug Pricing Terms Leave Payors Unsure of Next Steps
Date:8/11/2009

MILWAUKEE, Aug. 11 /PRNewswire/ -- A recently mandated settlement in a class action suit involving drug wholesaler McKesson Corporation and data publishers First Data Bank and Medispan is impacting pharmacy benefit programs in both the short and long terms, according to Greg Rucinski, President & CEO for TRICAST, Inc., a leading next-generation health information business.

"There's a whole lot more than meets the eye in what the U.S. District Court in Massachusetts mandated. Pharmacy Benefit Managers are looking to renegotiate all of their clients pricing agreements resulting from the fallout of this settlement," Rucinski says, adding that TRICAST has issued a White Paper on the issue.

"Many payors are expecting windfall savings because the cost-basis for drugs will decrease in September," Rucinski says. "However, PBMs and pharmacies are protecting any loss in their margins resulting from this pricing rollback, with PBMs moving in several confusing directions regarding pricing."

Many corporate and health plan CFOs and government agencies, as well as other payors, are confronted with new contracts or pricing amendments that recalculate how drugs will be priced. "We are seeing an array of new pricing discount terms, pricing algorithms and different basis of costs," says Rob Shelley, President of PSRx Advisors, a TRICAST partner. "As a result, it is hard for payors to be confident of the next step to manage drug costs."

Details on Pricing Rollback

Average Wholesale Price (AWP) is the pharmacy industry basis for reimbursement of pharmaceuticals dispensed on behalf of third party
'/>"/>

SOURCE TRICAST, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Physical activity guidelines are too confusing, say researchers
2. Risk Info for Breast Cancer Patients Too Confusing
3. Confusing risk information may lead breast cancer patients to make poor treatment choices
4. Videoconferencing more confusing for decision-makers than face-to-face meetings
5. IOM workshop on less confusing drug labeling, Oct. 12
6. MAP Pharmaceuticals, Inc. Announces Pricing of Public Offering of Common Stock
7. Duane Reade Holdings, Inc. Announces Pricing of Offering of 11.75% Senior Secured Notes Due 2015
8. Zepherella Enhances No Surprise Healthcare Pricing Solution for Physicians with iPhone Application
9. Endologix Announces Pricing of Public Offering of Common Stock
10. Arena Pharmaceuticals Announces Pricing of Public Offering of Common Stock
11. Nuvilex Renews MedX Master Distribution Agreement and Implements New Pricing for Talsyn Scar Cream
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/17/2014)... By discovering a new mechanism that allows blood to ... UC Irvine and the Salk Institute have opened the ... stroke-induced brain damage. , A complex and devastating neurological ... primary reason for disability in the U.S. The blood-brain ... blood-borne material into the brain, causing the permanent deficits ...
(Date:4/17/2014)... NEW YORK April 17, 2014 EcoHealth Alliance, ... public health issues, published a comprehensive review today examining ... and Marburg virus. The review calls for improved global ... such as the recent outbreak of Ebola in West ... in the countries of Guinea and Liberia. According ...
(Date:4/17/2014)... has the potential to ward off depression among retirees, ... published online in The Journals of Gerontology, ... In the article " Internet Use and Depression Among ... Analysis ," the authors report that Internet use reduced ... among their study sample. , Late-life depression affects ...
(Date:4/17/2014)... Population Council scientists and their partners have found that ... prevent the transmission of multiple sexually transmitted infections (STIs) ... herpes simplex virus 2 (HSV-2), and human papillomavirus (HPV). ... the gel is effective against multiple strains of HIV, ... against all three viruses of at least eight hours ...
(Date:4/17/2014)... 2014 Meaningful long-term survival is possible for ... abdomen when treated with cytoreductive surgery with Hyperthermic ... analysis by physicians at Wake Forest Baptist Medical ... reported, single-center experience with cytoreductive surgery and HIPEC, ... analysis of 20 years, worth of patient data ...
Breaking Medicine News(10 mins):Health News:Study IDs new cause of brain bleeding immediately after stroke 2Health News:Re-emergence of Ebola focuses need for global surveillance strategies 2Health News:Re-emergence of Ebola focuses need for global surveillance strategies 3Health News:Internet use may cut retirees' depression 2Health News:Animal study provides first evidence that gel can prevent multiple virus transmission in vagina/rectum 2Health News:20 years of data shows treatment technique improvement for advanced abdominal cancer 2
... study published in New England Journal of Medicine, the ... from infected organ donor //to organ recipient. ,There ... and arterial segment) from a common donor dying of ... medical records of the donor and receivers, as well ...
... from World Health Organization (WHO) the apex medical body warns ... of the avian influenza or bird flu virus in the ... these areas to provide full information to WHO regarding new ... of the disease including their closeness in occurrence in time ...
... It has been shown that the drug Rimonabant ... obese patients keep weight off // . Supplementation with ... significant decrease in body weight and waist circumference -- ... improved HDL (good) cholesterol, triglycerides, and the prevalence of ...
... from treatment combining cognitive behavioral therapy with medication instead ... ,Panic disorder is one of the most disabling and ... the criteria for panic disorder were randomly assigned to ... and up to six sessions of cognitive-behavioral therapy with ...
... study shows people suffering from the bone-thinning disease osteoporosis ... disease //, a condition in which people have a ... disease can markedly improve bone mineral density, or BMD, ... also tend to have thinning bones, but little study ...
... identified a gene variant that may increase the risk ... lead to improved understanding of the disease and new ... was seen that specific changes in the gene in ... incidence of Alzheimer’s. ,In previous studies, researchers studied ...
Cached Medicine News:
(Date:1/14/2014)... 14, 2014 /PRNewswire-iReach/ -- Acumed,s new SLIC Screw System ... accompanying instrumentation to place and insert the screw accurately ... tissue (e.g. ligament) repair or reconstruction as it holds ... (Photo: http://photos.prnewswire.com/prnh/20140114/MN45636 ) The ...
(Date:1/14/2014)... 2014   NuAire , a manufacturer of ergonomically designed laboratory ... Koki of Japan to sell and ... . NuAire will utilize its network of sales professionals throughout ... to offer assistance in application use, product benefits and ...
(Date:1/14/2014)... Jan. 14, 2014   Oligomerix, Inc. , a privately held ... Alzheimer,s disease (AD) and related neurodegenerative disorders, announced today ... Valhalla, NY as of January 15, 2014 ... New York Medical College. Oligomerix, which is ...
Breaking Medicine Technology:Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 2Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 3NuAire announces sales and service of Hitachi Koki centrifuges in North America 2Oligomerix Relocates Corporate Headquarters and Secures Additional Laboratory Space from New York Medical College 2
... Access MediQuip (AMQ), the nation,s first and largest provider ... Prakash Patel, M.D. to chief executive officer. He currently ... officer, and brings over 14 years of health care ... network, alliances, acquisitions and strategy. As part of a ...
... Texas Institute of Dermatology, Laser and Cosmetics is now offering ... Antonio and Boerne area to treat superficial vascular and pigmented ... excited to add this new service for our patients," said ... Cosmetics. "As a long time provider of aesthetic medicine, we ...
Cached Medicine Technology:Access MediQuip Names Prakash Patel Chief Executive Officer 2San Antonio's Texas Institute of Dermatology, Laser and Cosmetics Adds Alma Lasers Harmony XL Cosmetic Laser to Offer Advanced Rejuvenation Treatments to Patients 2
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Large type 1/1 (mm), opening width 10.0 mm and length 10 mm....
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Large type 1/1 (mm), opening width 8.0 mm and length 11 mm....
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Large type 1/1 (mm), opening width 6.0 mm and length 10 mm....
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Large type 1/1 (mm), opening width 8.0 mm and length 5 mm....
Medicine Products: