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Employers Only Prescription Roundtable

When:
Wednesday, July 24, 2019, 8:00 AM until 12:00 PM
Where:
Lancaster Chamber Building
https://www.cpbgh.org
115 East King Street
Lancaster, PA  17602

7172396954
Additional Info:
Event Contact(s):
Laura Mscisz
717-696-6211 (p)
Category:
CPBGH Event
Registration is required
Payment in Full In Advance Or At Event
No Fee
$25.00
No Fee
$25.00
This event is sponsored through a grant from the National Alliance of Health Purchaser Coalitions and is for Employers Only. For purposes of this event, the definition of Employer includes individuals that work in Human Resources, Finance or an Executive position that has oversight for your company's prescription drug benefit offering. We respectively ask that individuals who do not work in these roles refrain from registering.

Health care spending in the United States is high and continues to increase, as does the spending for prescription drugs in particular. In 2016, the U.S. spent $3,337 billion, or 17.9 percent of the gross domestic product (GDP), on national health expenditures, of which $329 billion was spent on prescription drugs. In some years, prescription drug spending growth has far exceeded the growth in other medical spending, while in others it has fallen below other medical spending growth. Over the next decade, however, the Centers for Medicare and Medicaid Services (CMS) projects that spending for retail prescription drugs will be the fastest growth health category and will consistently outpace that of other health spending.

Changes in utilization (including the introduction of new drugs) and increases in the unit cost or cost per dosage are the two primary drivers affecting prescription drugs expenditures. Additional factors include delays in introducing generics, higher cost inflation in the United States for pharmaceuticals relative to other nations, and the compensation of numerous stakeholders throughout the pharmacy supply chain.

Knowing these facts is good, but the real challenge for you, the employer, is to learn how to manage this valuable benefit to ensure your employees and their covered dependents are getting the medicines they need in the most cost-effective manner possible.

On July 24th, the Central Penn Business Group on Health will host a half day roundtable on this topic. This event is being sponsored by a grant through the National Alliance of Healthcare Purchaser Coalitions and is free for employers. During the morning we will focus on 4 core areas to help you better manage your plans:
• Overall management of your pharmacy benefit plan
• Understanding and utilizing Biosimilars
• The role of the Pharmacist in helping you to control costs
• Price transparency – what it means and how does it work?

Agenda:
8:00  Registration & Breakfast
8:30  Welcome & Opening Remarks
8:35 Industry Trends and Issues - Potential Disruptors
9:20 Understanding and Utilizing Biosimilars
10:05 Break
10:15 PBM’s Perspective on Employer Sponsored Benefits
11:00 Transparent Pharmacy Benefit Managers, Considerations and Advantages
11:45 Summary and Wrap-Up 12:00 Adjourn




This program is valid for 2.0 PDCs for the SHRM-CP® or SHRM-SCP®.” “The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.”