Pat Shier: New Secretary/Treasurer Elected to Cooperative Board

Emily Torgerson  •   June 17, 2021

National CooperativeRx would like to congratulate Pat Shier for becoming the new secretary/treasurer on our Board of Directors! Following his predecessor Joy Matthews’ completion of a six-year term on our Board last month, Pat was elected by the Board to fill the opening of secretary/treasurer. Pat, Alaska Membership Representative at Pacific Health Coalition (PHC), has

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New Three-Year PBM Contract Yields Significant Savings for Self-Funded Plans

Josh Bindl  •   May 25, 2021

At the heart of any joint purchasing arrangement is a strong contract. The optimal balance of maximizing benefits and controlling costs cannot be achieved for a self-funded plan sponsor without a solid contract from a pharmacy benefit manager (PBM). With 2021 being the final year of a three-year contract, National CooperativeRx hired an independent consultant

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Ways We Prove Our Members Are the ‘Heart’ of Everything We Do

Emily Torgerson  •   February 16, 2021

Showing Self-Funded Plan Sponsors How Much We Care The month of February always inspires us to think about how much we at National CooperativeRx love our members — a group of several hundred self-funded plan sponsors. We hope our members already know they are at the core of everything our organization aims to accomplish, but

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Reflecting on 2020 and Turning the Page to 2021

Josh Bindl  •   January 6, 2021

Saying 2020 was an unusual year is an understatement. Experiencing a global pandemic was not something on our radar and hopefully it will soon be behind us. National CooperativeRx fared well despite working through pandemic-induced challenges familiar to many. Strong growth, financial strength and finding ways to add value for members all persevered in 2020

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Advanced 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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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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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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Jeff Butz: New Board Member

Emily Torgerson  •   August 13, 2020

Please help us welcome our newest Cooperative Board representative! Jeff Butz, Executive Director at Fond du Lac Area Businesses on Health (FABOH), was appointed to the National CooperativeRx Board of Directors last month, following his predecessor Larry Richardson’s retirement. FABOH gives Fond du Lac area businesses the power to provide better quality health care and wellness

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