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Consultants say pharmacy review is producing "significant" savings; full health-plan recommendations due in June
Summary
Consultants from the Bailey Group told the Doge committee that they prioritized pharmacy analysis and medical repricing for the city's group health plan and expect a detailed pharmacy and contract update on Feb. 18, with further recommendations and final budget numbers by June.
The Doge oversight committee heard an update from the Bailey Group on the city's group health-plan review, with consultants saying early work points to substantial savings from the pharmacy benefit and repricing work.
"We are seeing significant savings in what's coming back," said Sabrina Abares of the Bailey Group, who with colleague Sherry Beignet outlined a five-part scope that includes pharmacy analysis, stop-loss review, salary-tier benchmarking and benefit-eligibility scrutiny. The consultants said they prioritized the…
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