Description
Specialty drug expenditures are the fastest-growing segment of healthcare costs. While plan sponsors recognize the clinical benefits these medications offer, they must also manage expenses to ensure sustainable benefits in a rapidly evolving landscape. To achieve this, they require data-driven insights to effectively target necessary therapies, minimize the use of ineffective treatments, and reduce waste. Unfortunately, the guidance available to them is often lacking in objectivity and comprehensiveness. Addressing these challenges, Archimedes provides specialty drug management solutions for health plans, TPAs, employers, labor groups, and other plan sponsors nationwide, free from any conflicting financial ties to specialty pharmacies or PBMs. Inspired by our namesake, we combine unparalleled analytical expertise, advanced technology, and practical experience to equip plan sponsors with the essential support needed to manage the rising costs of specialty drugs across both pharmacy and medical benefits
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