Drug Plan Cost Management
Aon is here to help manage your drug plan and maximize its impact on organizational health.
Performing Plan Reviews
‣Drug utilization review (DUR)
In-depth analysis of your plan’s drug costs, presenting key performance indicators, looking into demographics, high cost claimants, most commonly claimed drugs and therapeutic drug categories.
Your entire plan’s drug, dental, extended health care claims are verified to ensure that claims payments are processed by the insurer according to contractual provisions to evaluate your insurer’s operational performance.
‣Drug plan redesign
Review and modifications to your plan’s parameters, financial arrangements and cost containment measures, based on your current situation, impact on employees, industry trends and changes.
Ad hoc communication on drug plan redesign, cost containment measures, smart health consumer habits and health conditions, onsite or online presentations.
Containing Future Costs
Formulary (i.e. list of covered drugs) review to balance your plan’s sustainability and your employees’ medical needs.
‣Interactive on-demand dashboard
You will be able to follow key performance indicators in real-time to help you measure your employee population’s behavior in health benefits and more. This is a fully customizable solution.
‣Pooling risk simulation
Determines your plan’s most efficient pooling arrangements accounting for various risk profiles and scenarios.
Five-year trend forecast of your benefit plan costs, based on your current plan design and demographics using Aon’s proprietary Predictive Cost Model (PCM).