#1 Pharmacy Benefit Consultant in Baton Rouge

With wealth of experience in the industry, CobaltRx's provides pharmacy benefit management consulting in Baton Rouge
Opening at 8:00 AM tomorrow
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Negotiating Rebates is like Playing a Game without the Rules!: Post 3

Ideally, the plan sponsor would have transparent pricing and would know what percentage of total revenue paid to the PBM was being paid out to the plan sponsor and the percentage retained by the PBM from the drugs prescribed t...

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Negotiating Rebates is like Playing a Game without the Rules!: Post 2

Fast forward a few years and plan sponsors started getting better at negotiating and PBMs were faced with how to maximize profits as margins were shrinking from the higher payout to plan sponsors of rebates received from the d...

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Negotiating Rebates is like Playing a Game without the Rules!: Post 1

Imagine playing a game for the first time but those you’re playing against only showed you some of the rules. How well do you think you’d do? Probably not very well.
Essentially, plan sponsors are in this position today wh...

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The Tale of Two PBM Pricing Models: Post 5

Reality is that a plan sponsor cannot simply rely on theory. Plans should embrace an audit of their contract to assure that what is intended in practice is delivered. For our clients that move to the pass-through model, we do a savings analysis to answe...

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The Tale of Two PBM Pricing Models: Post 4

Both the pass-through and traditional pricing models help manage rising pharmacy plan costs, just in very different ways. We have found that the details in the contract determine the true financial value to the plan sponsor. Overall, we find in the pass...

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The Tale of Two PBM Pricing Models: Post 3

In contrast, the traditional model is like a bumpy curvy mountain road. The contract includes a lot of financial pricing, dispensing fees, and rebate guarantees with language to allow the PBM to be in the best position to meet the guarantees. Their appr...

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The Tale of Two PBM Pricing Models: Post 2

Think of the pass-through model as a straight road. The contracts are short and relativity easy to read. However, the pass-through model does not offer financial pricing, dispensing fees, and rebate guarantees, just minimum expected performance levels. ...

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The Tale of Two PBM Pricing Models: Post 1

As a pharmacy consultant for more years than I would like to admit, I am always surprised by the continued debate between the pure transparent pass-through PBM pricing model and the traditional PBM pricing model.
The pass-through pricing model is where ...

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Try Pharmacy Benefits Consultants For Remarkable Deals

Apr 28, 2020 – Aug 31, 2020

If you are looking for solutions to replace or customize your pharmacy plan, then stop searching for pharmacy benefit management consulting near me and seek the services of pharmacy benefit consultants at Baton Rogue. We help our clients to device beneficial pharmacy plans that are based on data ...

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Pharmacy Benefit Manager in Baton Rouge

Pharmacy benefit consultants support and assist the clients in planning and maintaining their pharmacy benefit program. At Cobalt Rx, we provide pharmacy benefit management consulting Baton Rouge. Our pharmacy benefit manager Baton Rouge evaluates the current and potential plan performance of the client and then compares it with the financial and clinical objectives. 

At CobaltRx our process include:

  • Evaluating your Pharmacy Benefit Manager (PBM)/Carrier Pharmacy contract and comparing it to the marketplace
  • ‍Assessing your plan design and how it impacts member behavior
  • ‍Gauging utilization of high-cost drugs, specialty and compounds
  • Evaluating key metrics such as plan cost Per Member Per Month (PMPM), generic fill percentage and mail utilization percentage
  • Comparing key metrics to benchmarks that match the incurred date of data or reports received
  • Evaluating and/or creating a strategy for meeting your plan’s financial and clinical objectives

We give a clarity-driven insight to our customers that makes us stand out from other Baton Rouge pharmacy benefit management companies.

Our reports are outstanding

After reviewing your information, we detail pharmacy transactions from your Rx plan. Other information, such as clinical, demographic, administrative, or financial, is also necessary for comprehensive reporting. Hence we integrate these details with the information given by you. Cobalt Rx Baton Rouge pharmacy benefit consultants, then review custom ad hoc reporting requirements and outline a process. Adding details like discounts and rebates increase the market value of the pharmacy. A report by pharmacy benefit management companies Baton Rouge includes an executive summary, cost trends, demographic claimants and cost, specialties, and glossary.

To formulate a strategic blueprint for the future of your plan, you need a consultant. If you’re looking for pharmacy benefit consultants near me or pharmacy benefit management consulting near me, you will find Cobalt Rx as one of the top-rated consultants. Our Baton Rouge pharmacy benefit manager, assesses the plan design, and determines how it will impact the member behavior.

Why is Cobalt Rx different from competitors?

We thoroughly discuss broad and specific business goals with our clients at Cobalt Rx pharmacy benefit consultant companies Baton Rouge. For financial audits, we apply the plan-management strategies correctly at point-of-scale. When you look for pharmacy benefit consultant companies near me, you will find our services useful for large and small clients, unions, third-party administrators, and more.

Our analytics centric culture integrates medical and pharmacy data in better ways. For audits and RFP services, clients usually search for pharmacy benefit management companies near me. Cobalt Rx pharmacy benefit consultants Baton Rouge also delivers accurate and top-quality audits at an affordable rate. We ensure that claims adjudication does not stray away from contract terms.

When you choose Cobalt Rx Baton Rouge pharmacy benefit management consulting for audit, you get audits that offer the greatest return. We provide financial contract audits as well as clinical program audits to our clients.
While searching for a pharmacy benefit manager near me, look for the experience and expertise. At Cobalt Rx, we have consultants who have years of experience in the pharmacy benefits industry. We have established a working relationship with clients to manage, plan costs, and predict the future cost to create a care management strategy. It helps to identify opportunities for benefit redesign.

Cobalt Rx is among the top-known Baton Rouge pharmacy benefits consultant companies that possess a depth of knowledge and experience to provide highly-effective solutions to the clients.

The world of pharmacy is constantly changing with new technologies and researches. We have dynamic methods of consulting that fit at every level of this ever-changing industry.

CobaltRx
1651 Thibodeaux Ave Suite B Baton Rouge, LA 70806
(225) 927-1509

The best pharmacy benefit consultant in Baton Rouge is CobaltRx and they serve all of Baton Rouge, LA.


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  • (225) 927-1509

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1651 Thibodeaux Ave
Suite B
Baton Rouge, LA 70806
United States

Business Hours

Mon:8:00 AM – 5:00 PM
Tue:8:00 AM – 5:00 PM
Wed:8:00 AM – 5:00 PM
Thu:8:00 AM – 5:00 PM
Fri:8:00 AM – 5:00 PM
Sat:Closed
Sun:Closed
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