The rules changed. What used to be an HR task is now a serious fiduciary obligation with real consequences. The Consolidated Appropriations Act of 2021 didn’t just add paperwork, it exposed a harsh truth: most organizations can’t fulfill their fiduciary duties with their current PBM.
CEOs and CFOs: You Can’t Be Lazy About This Anymore
The Department of Labor is investigating employer health plans. Class action lawsuits are coming. If you fail to properly evaluate your PBM’s fees and compensation, you could face personal liability.
Here’s the problem: How can you fulfill your fiduciary duty when your PBM won’t tell you about all their revenue streams? How can you act in your members’ best interests when your PBM hides rebates, uses spread pricing, and competes directly with your organization?
You can’t. Traditional PBMs make fiduciary compliance impossible.
DisclosedRx: Built to Eliminate Your Fiduciary Risk
We’re Contractually Bound to You
We are The Fiduciary and Fully Disclosed PBM®. We’re contractually bound to act in your best interests. It’s in every contract we sign.
No hidden rebates. No spread pricing. No manufacturer kickbacks. Not a dime more from anywhere else.
When regulators or auditors review your pharmacy benefits, you’ll have clear records showing exactly what you paid and received. No gaps. No questions.
We Take the Responsibility Off Your Plate
Plan sponsors need documented procedures to monitor PBM performance and fees. DisclosedRx makes this easy:
- Custom formularies aligned with your clinical and financial goals
- Real-time visibility into drug spend
- Full control over your pharmacy strategy
- Responsive Member Service that supports your employees
What This Means for You
Fiduciary responsibility for pharmacy benefits is real. The DOL is watching. Lawsuits are coming. You need a PBM that makes compliance possible, not impossible.
With DisclosedRx:
- All compensation is disclosed
- We’re contractually bound to your interests
- You have complete cost visibility
- You can actually demonstrate prudent oversight
Traditional PBMs were built to hide information. DisclosedRx was built to reveal it.
The question isn’t whether you need to take this seriously. The question is whether your current PBM lets you.