Innovation in Pharmacy Benefits that Control Cost and Provide Transparency

Prescription drug costs continue to increase at significant trends and are now approaching 25% of overall healthcare spend. Recent new innovative therapies like GLP-1 drugs for diabetes/obesity and gene therapy drugs will continue to drive pharmacy spend for plan sponsors. This presentation will explore how the prescription drug supply chain model operates and share opportunities for innovation. 

Takeaways 

1. Provide landscape overview of the prescription drug supply chain. 

2. Understand the key stakeholders in the supply chain and discuss how their business models impacts drug costs.  

3. Discuss opportunities for innovative approaches to managing drug costs and forecast where the market is heading.

Speaker:

Roger Tiao, PharmD

Principal Pharmacist, Pharmacy Sales & Accounts

Blue Shield

Roger Tiao is a Principal Pharmacist at Blue Shield and supports the Southern California Commercial Core and Premier Large Group accounts and sales activities. He has over 10 years of provider and payer experience covering medical and pharmacy drug benefits, population health, quality programs and employer healthcare. Roger earned his pharmacy degree from Midwestern University and completed his residency training in Managed Care at University of Maryland School of Pharmacy. He has served as adjunct faculty at University of California San Francisco (UCSF) and University of the Pacific (UOP) pharmacy schools.

Moderator:

Michelle Landrum, CEBS, GBDS

Employee Benefits Consultant 

Bolton

Meet Michelle Landrum, an accomplished insurance brokerage professional with over 15 years of experience in employee benefits. She holds a Bachelor of Science in Business Administration and Human Resources from Troy University, and is a licensed life/health agent, Certified Employee Benefit Specialist, and Group Benefits Disability Specialist. Michelle is also actively involved in her community, serving as the President of the Los Angeles CEBS Board, the Engagement Chair of the PIHRA Pasadena Board, an Executive Committee member of C-Sweet, and a member of Women in Defense (NDIA). Her passions extend beyond her work and include transforming healthcare, space travel, and supporting charitable causes.