Benchmark your PBM contract against current market rates. Know your competitive position before renewal—not after.
Check Your Market PositionYou signed a great contract three years ago. But the market has changed—and you have no idea if you're still competitive today.
You negotiated your current contract 2-3 years ago based on what was competitive then. But PBM pricing evolves constantly—discounts improve, rebate structures change, guarantees strengthen.
When renewal time comes, you have no objective benchmark. Your PBM says your rates are 'very competitive'—but compared to what? You're negotiating blind.
Without market intelligence, you don't know what's achievable. You might be 5-10% behind current market rates—translating to millions in unnecessary spend over a three-year term.
By the time you realize you need to check the market, your contract is expiring in 90 days. Rushed benchmarking leads to weak positioning and missed opportunities.
Without annual market checks, you have no idea if your contract is competitive. You're renewing blind—and leaving millions on the table.
BenefitsBridge Partners delivers annual competitive benchmarking that positions you for renewal success
Know where you stand in the market
We compare your contract terms against current market rates annually—ensuring you know exactly where you stand competitively throughout your contract term.
Understand what's achievable today
Comprehensive analysis of current discount levels, rebate structures, and guarantee terms across similar employers—giving you objective benchmarks for what's possible.
Identify gaps and opportunities
Clear documentation of where your contract exceeds market standards and where gaps exist—creating a roadmap for renewal negotiations or mid-term improvements.
Enter renewals with confidence
Armed with market intelligence, you negotiate from strength—knowing exactly what to ask for and having the data to back it up.
We bring deep market knowledge and access to current benchmarking data across hundreds of contracts. You get both the intelligence to understand your competitive position and the expertise to leverage it during renewals.
Actionable market intelligence that drives better renewal outcomes
Detailed benchmarking reports comparing your contract terms to current market standards—discount levels, rebate structures, guarantee terms, and more. You see exactly where you stand competitively.
Strategic guidance on renewal positioning based on market intelligence. Know what to ask for, what's negotiable, and where to push hardest—backed by objective market data.
Ongoing insights into market trends, emerging pricing models, and industry shifts that could impact your contract value. Stay ahead of market movements throughout your term.
Clear quantification of potential savings available through market-rate pricing. Know exactly how much you're leaving on the table—and what you can recover at renewal.
The Challenge: A large manufacturing employer was approaching renewal with 22,000 covered lives. Their incumbent PBM claimed their current rates were "industry-leading"—but the client had no objective benchmark to evaluate this claim.
The BBP Approach: We conducted comprehensive market benchmarking 18 months before renewal, comparing their contract against current market rates for similar employers. The analysis revealed significant gaps—especially in specialty rebates and MAC pricing.
The Results: Armed with objective market intelligence, the client negotiated from strength. They achieved an 8% improvement over their incumbent's "best and final" offer—translating to $5.1M in additional annual savings over the new three-year term.
This wasn't guesswork or hope—this was market-informed negotiation that put millions back into the budget.
Comprehensive competitive analysis across every contract element that impacts your costs
Our benchmarking covers every element that impacts your total pharmacy and Stop-Loss spend—from ingredient costs to network access. You get complete competitive visibility across your entire contract, not just selected highlights.
Annual market checks ensure you enter renewals with leverage—not hope. Contact us to benchmark your contract against current market rates.
Get Your Market Analysis