FlexScripts Administrators Company Profile
FlexScripts Administrators is a team of industry experts who fully understand the Pharmacy Benefit market and are solely dedicated to managing pharmacy risk. We review market pricing annually to ensure our clients benefit from the most competitive contract pricing. Our unique clinical approach allows us to better control pharmacy trends, and ensures the plan is being properly managed. We analyze and develop rates quarterly, using actuarial factors derived from our own block of business, as well as the millions of claims we load into our data warehouse. We annually review our co-pay and deductible factors to ensure they accurately reflect the value of the plan design. FlexScripts continuously audits the claims administration process to ensure that both contract pricing and plan design are properly administered by the PBM. We ensure that every dollar an employer spends on their employee pharmacy benefit is being spent in the most cost effective manner. Our audits also satisfy the fiduciary responsibilities of self-funded ERISA plans.