Value of the BeneCard PBF Business Model
“We now have 4 months of claims under BeneCard PBF. The
total paid to BeneCard PBF for the 4 months is $3,800,682. The last 4
months we had with [former PBM] the total paid was $4,356,281. You can
do the math and see the savings. BeneCard PBF said that they could
save us $1 million, and so far so good.”
- Large Union Fund
Delivering Savings Through Full Transparency and Zero Spread
The key attributes of our value proposition
include our people, service, and technology, and are all driven by
understanding the unique needs of each client and their members.
BeneCard PBF partners with our clients to provide a personalized
approach to improve care.
There are no conflicts of interest between
our financials and what is best for our clients. BeneCard PBF operates
on an administrative-fee only, zero-spread model and our only source
of revenue comes from the administrative fee a client pays us to
administer its benefit. All savings from over-performance, audit
recovery and clinical oversight are passed back to our clients.
| Why We Are
PBF is a driver of change. We developed our approach because we
were not satisfied with the status quo. We are motivated by making
prescription benefits understandable and more affordable while
improving patient care.
Our Savings Guarantee
We work for you and only you. BeneCard
PBF is not beholden to shareholders. Our incentive is to drive
savings for you, not to earn hidden revenue for us by playing
games and making up the rules.
When our contracted discounts and rebates
improve, you immediately benefit from our hard work. 100% guaranteed.