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300 Employee Construction Company

300 Employee Construction Company

Annualized Charges to the sponsor in excess of optimal pricing $101,529
Total valid prescriptions in the dataset (12 mos) 11,164
Prescriptions analyzed that showed variances from optimal pricing in this dataset 6,707
Percent of total prescriptions in this dataset that showed variances from optimal pricing 60.1%
Average excess margin per prescription $9.09/Rx
Annualized projected rebates returned to plan sponsor $17,304
Total Elimination of repackaging Annualized Savings $11,744
Annualized Savings from minimal formulary revision at 25% $95,229

Gross Potential Annualized Savings

ANNUALIZED SAVINGS Conversion​ 25% Conversion​ 50% Conversion​ 100%
Removal of Drug Cost Markups: $101,529 $101,529 $101,529
Return of Rebates to Plan Sponsor: $17,304 $17,304 $17,304
Savings Potential with Formulary Conversion: $95,229 $171,026 $322,619
Elimination of Repackaging: $11,744 $11,744 $11,744
Return of Audit Recoveries $5,872 $5,872 $5,872
TOTAL ANNUALIZED SAVINGS $231,678 $304,475 $459,068

Benefit Design Specialists, Inc.

BDS offers a range of services and products dedicated to a two-fold goal; delivering quality, cost-effective employee benefit plans coupled with hassle-free benefits management for our clients HR departments.

1 Kacey Court, Suite 100
Mechanicsburg, PA 17055

Toll Free: (888) 273-7036
Phone: (717) 766-8844
Fax: (717) 766-8711

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