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Managing Pharmacy Costs Equates to Lower Health Insurance Premiums for Employers & Employees.

(PRWEB) June 11, 2004

Greenwood Village, CO- June 9, 2004

Prescription drug costs can now account for up to 20% of an employers total health insurance cost structure. Five years ago prescription drug costs represented only 5 to 7% of the total health insurance cost structure.

Many strategies exist that can help manage and lower prescription drug cost up to 25% annually. In addition, employers can be entitled to refunds or overcharges from their current Pharmacy Benefit Manager (PBM).

Solutions to lowering pharmacy costs include:

Â?Arranging direct contracts with PBMÂ?s.

Â?The removal of Â?spread pricingÂ? from a contract.

Â?Arranging direct rebates between the PBM and the plan.

Â?Implementing Â?Step Therapy PlansÂ?.

C. David Kikumoto, President & CEO, and Peter Miterko, Executive Vice President both with Denver Management Advisors, LLC are available to further comment on strategies to lower pharmacy benefit costs as well as expand upon the options to audit a pharmacy benefit program and secure refunds and overpayments.

Denver Management Advisors, LLC based in Greenwood Village, Colorado, has successfully helped some of the nationÂ?s largest companies reduce their healthcare costs. C. David Kikumoto, is a nationally recognized healthcare cost reduction expert who has recently testified before the State of California legislature regarding the need for pharmacy benefits cost reform.

To arrange an interview or for further information please contact:

Brad Cillian

Denver Management Advisors, LLC


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