NCRx Pipeline Report 10.1.21

Erica Guetzlaff  •   October 1, 2021

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. Xywav

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As Always…Get Your Flu Shot!

Wayne Salverda  •   September 29, 2021

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 COVID-19 deaths, new strains of the virus, and vaccine eligibility, it’s easy to lose track of the importance of protecting

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Don Graham: My Experience as a National CooperativeRx Board Member

Don Graham  •   September 13, 2021

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

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National CooperativeRx Just Distributed $6.1 Million to Members!

Deb Steele  •   September 7, 2021

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

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What Do Our Members and Partners Really Think of Us?

Emily Torgerson  •   September 1, 2021

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

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Top 3 Powerful Considerations for Repricing Self-Funded Plan Sponsors’ PBM

Kyle Kapusta  •   August 18, 2021

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

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Behind The Alliance/National CooperativeRx Partnership

Paul Meyer  •   August 17, 2021

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

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How to Implement Your New PBM With Fewer Disruptions and Better Results

Carrie Brown  •   August 12, 2021

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

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How to Get the Best PBM Customer Service for Your Self-Funded Plan

Carrie Brown  •   July 16, 2021

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

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Artificial Intelligence in Pharmacy

Emily Torgerson  •   July 7, 2021

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

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