As National CooperativeRx is member-owned and member-governed, it’s important its objectives align with those of its members. To ensure that, the Board of Directors is elected by Cooperative membership. Applicants go through a vetting process performed by a committee of current board representatives, and member voting occurs online leading up to the Annual Meeting. I began my

Drum roll, please! The final numbers are in, and we are excited to share that National CooperativeRx was able to distribute $6.1 MILLION to our members in patronage, retired equity, rebate true-up and audit recoveries. Our unique Cooperative model enables us to provide our members with 100% of rebates, 100% of money received from the annual

Here at National CooperativeRx, we conduct an annual satisfaction survey to measure how well we are performing among our membership and partners with certain aspects of our organization and current pharmacy benefit manager (PBM), as well as the Cooperative in its entirety. Keep reading for some highlights of the survey results. 97% are satisfied or strongly satisfied

Last Call to Begin the Process for 1/1/22 Implementations Self-funded plan sponsors are lucky to have brokers and consultants always searching for the best pharmacy benefit management (PBM) provider on their behalf.  Without their initiative, plan sponsors may not have opportunities to save year over year. We have made it even easier for brokers and

If you’ve ever worked with National CooperativeRx or attended one of their events, you’ve likely heard of The Alliance. National CooperativeRx and The Alliance have a strategic partnership that was formed in 2002, when The Alliance helped found the not-for-profit pharmacy benefit management cooperative. The easiest way to describe the difference between the two cooperatives

Industry-wide, pharmacy benefit implementations can be rough. With so many moving pieces in the process, it’s easy to see why. To ensure a seamless implementation, plan sponsors often turn to their broker or consultant to help them avoid any confusion and minimize disruption. It’s a smart move. By leaning on the experts, they’ll have the

When plan sponsors look at new partnerships for their self-funded pharmacy benefits, reduced spending isn’t their only priority. In fact, it’s customer service that is more important as it proves to be the key to an ongoing and successful partnership. So how can you, as a plan sponsor, navigate the current complexities of the industry

When you hear the words “artificial intelligence (AI),” most people think of Steven Spielberg’s science fiction film of the same name about the first robot child to harbor true emotions. However, in recent years, it is difficult to discuss the future of the pharmaceutical industry without mentioning AI. The industry has been facing challenges as

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. Aduhelm®

Diabetes Management Diabetes is a complex and progressive medical condition associated with abnormally elevated blood sugar levels. If left untreated or uncontrolled, diabetes may cause numerous complications and damage to the human body’s organs. Not surprisingly, diabetic medications usually rank among the top spend categories for most plan sponsors. Type 1 diabetes (T1D) is an