MedImpact, an independent pharmacy benefits provider, launched a new per member, per month (PMPM) pricing program today designed to give health plans more predictable drug costs while linking the company’s administrative fees directly to performance.

Rising pharmacy costs are a key driver behind the need for more predictable pricing models. According to a recent report by SmithRx, pharmacy spending is the fastest-growing component of employer health benefit costs, increasing 7.7% in 2024 after an 8.4% rise in 2023 and totaling $805.9 billion in the U.S., a 10.2% jump from the previous year.

Specialty medications, which serve relatively few patients, account for nearly half of this spending, adding pressure on employer-sponsored health plans.

At the same time, employers are increasingl

See Full Page