New Cooperative Utilization Management Program

Deb Thomsen  •   November 11, 2020

With new drugs launching every month, the pharmaceutical pipeline is robust and the marketplace is constantly evolving. A large portion of these drugs are expensive therapies that will typically be considered specialty medications once approved by the U.S. Food and Drug Administration. Specialty medications will trigger automatic utilization management (UM) programs for our member groups

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November is American Diabetes Month

Emily Torgerson  •   November 10, 2020

diabetes   noun di·​a·​be·​tes Definition of diabetes : a chronic (long-lasting) health condition that affects how your body turns food into energy.1 November is American Diabetes Month and now more than ever it is important to know how to effectively manage diabetes. Keep reading to learn more about the condition that affects one in 10 Americans and how

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Celebrating Our Pharmacists Today and Every Day!

Emily Torgerson  •   October 29, 2020

We couldn’t close out October without recognizing American Pharmacists Month, as well as our incredible on-staff pharmacists who strive daily to improve our members’ bottom line and our participants’ continued good health and well-being. Whether you work with them regularly or are hearing their names for the first time, keep scrolling to learn more about

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100% Cooperative Satisfaction and More 2020 Survey Results

Emily Torgerson  •   October 28, 2020

Each year, National CooperativeRx conducts a survey to measure the satisfaction of our membership and partners with certain aspects of our organization and current pharmacy benefit manager, as well as the Cooperative as a whole. This year was especially important as we are in the midst of our request for proposal process, which gives us

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PBM RFP Process Underway for 2022

Josh Bindl  •   October 7, 2020

Using Purchasing Power to Benefit our Members The pharmaceutical industry is in a state of constant change. The upside to this change is the cutting-edge medications for patients; the downside is an uptick of tactics resulting in wasteful spending that hurts both patients and plan sponsors. To keep up, National CooperativeRx has expanded its watchdog

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NCRx Pipeline Report 10.1.20

Erica Guetzlaff  •   October 1, 2020

National CooperativeRx constantly monitors the pharmaceutical pipeline. As treatment options change, it’s important to know how those changes could impact your plan and which drugs bring the highest value. Our quarterly NCRx Pipeline Reports highlight some of the newest therapies coming to market and are not intended to imply formulary placement or coverage by CVS Caremark. SPN-812

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Specialty High-Dollar Claim Review Program: Launch Date & Pilot Savings

Emily Torgerson  •   September 30, 2020

The week is finally here! Our specialty high-dollar claim review program launches this Thursday, October 1. This program will focus on reviewing indication-specific dosing of specialty medications and optimizing dose regimens for efficiency. Our Cooperative pharmacists will assess all specialty claims above $10,000 to identify and resolve issues at no additional cost to members who

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Market Check Results in Additional 4% Savings

Deb Thomsen  •   September 16, 2020

We are happy to announce the annual market check process for improvement of our CVS Caremark Master Contract is complete. Across the board, membership will save $11.2 million and it will result in an additional 4.3% overall savings for our members. Annual Market Check Process As a result of our 2019 contract negotiations, we incorporated

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Millions to Membership

Deb Steele  •   September 11, 2020

The results are in and we are happy to announce National CooperativeRx paid out $3.7 MILLION to our members in rebate true-up and patronage this year. National CooperativeRx is unique because our members come together as a group and purchase into one pharmacy benefit contract. With 364,000 covered lives and growing, our purchasing power is strong and

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Flu Shots Are Necessary in the Age of COVID-19

Wayne Salverda  •   September 2, 2020

September marks the beginning of this year’s flu season. Retail pharmacies began receiving inventory for it in middle to late August. In today’s world, where every newspaper headline and media bit read the latest on the coronavirus (COVID-19) deaths, treatments, and potential vaccines, it’s easy to lose track of the importance of protecting yourself against

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