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Employee benefit board approves pharmacy benefit manager audit showing few errors and rebate surplus
Summary
Gallagher auditors reported a largely favorable review of Navitus’s management of Mohave County’s pharmacy benefit for plan year July 2023–June 2024, identifying a small number of errors, a financial surplus and manufacturer rebates that exceeded contract guarantees; the board voted to accept the audit.
The Mohave County Employee Benefit Trust Board voted unanimously to accept a pharmacy benefit manager (PBM) audit of Navitus covering the July 2023–June 2024 plan year, after receiving a presentation from Gallagher auditors that found few contract errors and overall financial overperformance.
Sherry Blue, director of PBM audits at Gallagher, told the board that the audit reviewed 15,824 paid pharmacy claims representing about $2,990,586 in spend and identified an estimated 263 minor errors across the claims population. "Those errors involved minor issues…
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