A new book detailing pharmacy benefits and offering advice to human resources professionals has been published by the International Foundation of Employee Benefit Plans.
The book, "Pharmacy Benefits: Plan Design and Management," by industry expert F. Randy Vogenberg, PhD, RPh, walks HR professionals through the intricacies of pharmacy benefits and gives guidance and advice on a benefits practitioner's day to day duties.
"As the director of a health care purchasers coalition, I find Dr. Vogenberg's explanations and insight invaluable in my relations with PBMs," stated John Miller, executive director, MidAtlantic Business Group on Health. Miller says he highly recommends the book for professionals who want "to understand how PBMs operate."
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The 180-page book, available for $46 ($35 for IFEBP members), is an introduction on pharmacy benefits and addresses benefit plan design, selecting a pharmacy benefits manager and pharmacy network. It also focuses on compliance issues, specialty pharmacy and cost-saving strategies. Most chapters conclude with a checklist or important questions to ask vendors. In addition, it includes references, a glossary of terms and website resources.
Order the book at www.ifebp.org/pharmacy or contact the Foundation Bookstore at [email protected] or by calling (888) 334-3327, option 4. Bulk prices are available.
Also included in the book:
• The pros and cons of carving pharmacy benefits into or out of a health plan.
• Strategies for reducing drug costs while improving health care outcomes.
• Ways to promote informed patient choices and compliance with prescribed drug therapy.
• An overview of current prescription drug utilization and spending in the United States, including biologics or specialty medications.
• An introduction to various federal laws and regulations affecting pharmacy benefit plans.
• An overview of select government prescription drug plans, including Medicare Part D and Medicaid.
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