Tyson Foods decided to cut ties with the Big Three and partner with Rightway to cut costs on high-priced drugs and elevate the member pharmacy experience.
Tyson Foods is rewriting the script on pharmacy benefits, transitioning away from their large, traditional pharmacy benefit manager (PBM) to partner with Rightway. As one of the first Fortune 100 companies to take this bold step, Tyson aims to cut spending on high-cost drugs and enhance the member pharmacy experience. After rigorous evaluation, Tyson bid farewell to its legacy PBM partner and embraced Rightway’s more personalized, transparent, and cost-effective pharmacy benefits model.
"Our partnership with Tyson is a major milestone in our mission to reshape the pharmacy benefits landscape for America's most forward-thinking employers."
Facing escalating pharmacy costs, Tyson's move underscores a broader trend challenging the industry’s status quo. The three major PBM players, which control nearly 80% of the total market share, claim to save employers money by negotiating big rebates from drugmakers. However, their lack of transparency raises questions about how much of these savings actually benefit employers and patients. Rightway's approach guarantees transparency by passing all drug rebates and savings back to plan sponsors and using concierge pharmacist support to drive prescriptions to their lowest net cost.
For more details on the partnership, explore the CNBC coverage HERE.
Ready to join the wave of PBM innovation? Connect with us.
Get in touch to learn more.
Prioritizing high-value care for your employees is now more essential than ever. Explore how care navigation can guide your team to efficient, cost-effective care that drives healthcare value.Read more
Healthcare navigation is not only a smart choice but a necessary one. It lets you not only control healthcare costs, but it improves your employees' well-being and helps you achieve your benefits goals.Read more
Pharmacists play a crucial role in improving a member's healthcare journey that often goes unnoticed. Discover how clinical pharmacists shape the well-being of your teams and help reduce costs.Read more
Drop your email below and we will be in touch.