Transparency in Negotiated Pricing and Rebates
When employers and organizations become members of our Cooperative, they see every aspect of the financial arrangement with our chosen PBM partner. With a simplified contractual process and negotiated pricing, our plan sponsors see the full benefits we offer of our negotiations.
It’s not enough that our Cooperative receives transparent information from our PBM vendors. We also achieve accountability through:
- Issuing periodic Request for Proposals to ensure we have the highest value PBM partner
- Regularly renegotiating our contract to build upon our success
- Independently auditing confirms our members get the financial benefits they deserve
100% of Rebates Go to Members
We pass 100% of all discounts and rebates back to members. Our model offers the benefit of fully transparent pricing and negotiations and our member groups to see exactly what is paid out for all pharmacy transactions.
Through expert negotiations, we ensure our members receive their expected drug rebates. The Cooperative doesn’t keep any funds but sends it directly to the intended member. It’s one of the many benefits from partnering with a not-for-profit cooperative for your pharmacy benefits.
Audits to Every Single Claim
National CooperativeRx retains independent firms that audit every claim from our members’ plans. We’ve returned hundreds of thousands of dollars to our members through the auditing process. It’s the best way to ensure the financial benefits we have negotiated continue to pass to our members.
Our commitment extends to contract enforcement of rebates, guarantees, and other contract terms. In such a complicated industry that is constantly evolving, our members can feel confident they have left little to chance when joining our Cooperative.