CobaltRx Provides Pharmacy Benefit Management Consulting in Baton Rouge, LA

CobaltRx Provides Pharmacy Benefit Management Consulting in Baton Rouge, LA
CobaltRx is an experienced third-party administrator of prescription drug programs of different entities in the pharmacy industry. CobaltRx has an important participation in developing and maintaining the formulary, having open communication with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims.

Baton Rouge, LA – CobaltRx is an experienced third-party administrator of prescription drug programs of different entities in the pharmacy industry. CobaltRx has an important participation in developing and maintaining the formulary, having open communication with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims. CobaltRx operates inside of integrated healthcare systems as part of retail pharmacies and insurance companies, as they use advanced analytic tools to make auditing and evaluating pharmacy benefit management simple. 

CobaltRx is owned and operated by Ginger Campbell, a nationally recognized pharmacy consultant with over 30 years of experience in the pharmacy benefits industry. Through her years in business, she has gathered vast experience in the pharmacy benefits industry. She has created an analytics centric culture to analyze pharmacy data, making it easy to make informed decisions regarding pharmacy benefit plans.

“CobaltRx’s wealth of experience in the pharmacy benefits industry drives us to continually challenge client expectations, providing comprehensive, targeted results to match your goals. We pair this depth of Rx knowledge and experience with impressive data visualization and analytics technology to sift through vast amounts of data and arrive at highly-effective solutions for our clients,” said Ginger Campbell, President of CobaltRx, regarding their unrivaled services.

At CobaltRx, an appraisal of the current and potential plan is performed, along with a comparison of the client ‘s financial and clinical objectives, seeking initially obvious mismatches. If the plan lacks a long-term strategy or direction, their company will work to develop a strategic plan tailored to each client.  

Various processes are available at CobaltRx, as one of them may include evaluating the pharmacy benefit manager or carrier pharmacy contract and analyzing it to the marketplace, getting access to the plan’s design and figuring out how it impacts on each members behavior, evaluating key metrics such as PMPM and comparing them to benchmarks that match the incurred date of data, evaluating and creating a strategy for meeting the plan’s financial and clinical objectives, evaluating cost trends, identifying high-cost claimants, as well as reports on ingredient cost breakout and trends.  

Pharmacy benefit consultant companies are here to make decisions easier by providing the researched details to the employer and providing necessary information to make auditing and evaluating pharmacy benefit managers a process that can be a benefit for everyone.

“Whether you need a simple plan analysis or a full-scale, formal audit of your Pharmacy Benefit Manager, CobaltRx’s unrivaled dedication, ability, and tools provide the most effective and efficient means to maximize your benefits and your bottom line,” said the spokesperson for CobaltRx.

CobaltRx is located at 1651 Thibodeaux Avenue, Baton Rouge, LA 70806. They are open to the public Monday through Friday, from 8:00 am to 5:00 pm. Contact their team via phone at 225-927-1509 or send online inquiries via email to info@cobaltrx.com. For additional information regarding their services, visit their website.

Media Contact
Company Name: CobaltRx
Contact Person: Ginger Campbell
Email: Send Email
Phone: 225-927-1509
Address:1651 Thibodeaux Avenue
City: Baton Rouge
State: LA
Country: United States
Website: http://www.cobaltrx.com/