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Organizations face difficulties in accurately comparing pharmacy benefit manager (PBM) proposals against existing contracts due to complex calculations, large datasets, and integration challenges with external drug pricing databases. Existing manual processes create inefficiencies and potential inaccuracies in cost projections.
Health technology company disrupting traditional insurance brokerage models through data-driven medication cost optimization
The platform will enable healthcare organizations to reduce medication procurement costs by 15-20% through data-driven PBM selection, while decreasing contract analysis time by 70%. The solution will provide actionable insights for contract negotiations and ensure compliance with healthcare data regulations.