Managing pharmacy risk in today's economic environment has never been more challenging. With new drugs that are being introduced into the pipeline and new applications for current drugs, this process can be almost impossible. The Specialty Pharmacy area is running at trends at or near 40% and the cost of a single annual treatment can run from the tens of thousands to nearly a million dollars which only serves to complicate the process further.

PRAM is a recognized leader in underwriting pharmacy risk on behalf of many of the nations leading insurance companies and reinsurance carriers. PRAM's experience runs the gamut from Main Street to Wall Street. Our experienced pharmacy staff understands the risk associated with pharmacy exposure and maintains current dated sophisticated Predictive Modeling tools to analyze the risk and minimize and / or eliminate potential pharmacy claims exposure and loss.

PRAM incorporates leading technology to answer the difficult questions underwriters face when reviewing known pharmacy experience or where it is necessary to supplement the normative data to set rates for a given exposure. Our experience can turn your pharmacy risk into a manageable profit center for years to come.

With our experience and predictive modeling systems, building and getting new insured products to the marketplace can be accelerated and cost exposures can be diminished. This allows for a reasonable budget forecast when rolling out a new product. PRAM can and does manage the entire process on your behalf or we can unbundle services as you feel appropriate. Full services include underwriting, product and plan design, filing support, PBM contracting and management, ad hoc reporting capabilities, agent administration, full plan administration services, including billing and eligibility management along with field sales training and support.

Why not take a moment and speak with our experienced staff about how we can partner to build you a viable pharmacy profit center.