SmithRx Drives $35 PMPM Savings for Montana Credit Union League Group Benefit Trust
“There are always new opportunities to save on drugs. We appreciate the continuous innovation especially as the market evolves and programs change.”
Director of Human Resource Benefits, MCUL
The Montana Credit Union League Group Benefit Trust provides health and life insurance benefits to nearly half of the 45 credit unions in the state of Montana. We spoke with Mara Rayner, Director of Human Resource Benefits at the Montana Credit Union League Group Benefit Trust (MCUL) and Dara Anderson, Employee Benefits Team Lead at Leavitt Great West Insurance to hear more about their journey to reduce MCUL’s pharmacy costs.
In 2021, MCUL’s pharmacy costs were “out of control” according to Mara. “They were 30% higher than any other of our clients at the time, we knew we could get them down significantly,” said Dara of where MCUL started. With Dara’s guidance, MCUL did an RFP for a new pharmacy benefits manager and “SmithRx was easily the best company we were looking at,” says Mara. “We had great guidance from Dara on how to structure the RFP and evaluate responses, but in the end it was easy to make the choice. There were several PBMs that said they could deliver significant savings but the attention and level of service we received from Jake [Frenz] and team was exceptional.
”The transition over to SmithRx was pretty seamless as well. “Making a move like this is never easy. Of course there is going to be some member disruption and we ran into some of that. I remember at the beginning there was a specific member having challenges and the SmithRx member services team stayed late and worked with the member and me to make sure that member was taken care of. That got us off to a strong start.”
“Since then, we’ve seen significant reductions in our PEPM from $143 in 2021 to the 2022 average of $88. There have been challenges along the way, but overall SmithRx has been communicative about those challenges and addressed issues quickly.
”Dara adds “I appreciate how communicative your team is. When I have a question, the team helps me understand the context that’s involved. I always learn something from you and am able to use that knowledge to help MCUL even more.”
A new type of pharmacy benefits manager, SmithRx is working to reduce pharmacy costs by reimagining the traditional PBM as a Drug Acquisition Platform built on transparent modern technology that aligns with the needs of our customers.