Fixing What's Broken in Pharmacy Benefits w/ Dr. Alan Pannier, SVP of Product Strategy, SmithRx

Send us Fan MailHealthcare spending continues to surge, with pharmacy costs now representing 30-40% of total healthcare spend.   In this episode of CareTalk Executive Features, David Williams speaks with Dr. Alan Pannier, SVP of Product Strategy at SmithRx, about how legacy PBMs’ misaligned incentives drive up costs, the toll on patients, employers, and independent pharmacies, and how a modern PBM model focused on transparency, fair reimbursement, and aligned incentives could finally fix what’s broken in pharmacy benefits.🎙️⚕️ABOUT DR. ALAN PANNIERAlan Pannier, Pharm D,MBA has extensive experience in the pharmaceutical industry, with a background in managed care pharmacy. Alan has held various leadership positions at companies such as SmithRx, Magellan Health, and Veridicus Health. Alan completed their Doctorate of Pharmacy and Master of Business Administration at Idaho State University, following a Bachelor of Science in Chemistry at Westminster University.🎙️⚕️ ABOUT SMITHRXSmithRx is a modern PBM dedicated to reducing the cost and complexity of pharmacy benefits. They empower organizations of all sizes to take control of their pharmacy spend with a radically transparent, universal pass-through model, innovative cost-saving programs, and intuitive technology. Unlike legacy PBMs, SmithRX eliminates hidden fees, pass through 100% of rebates and discounts, and provide their clients with real-time prescription pricing and detailed savings reports. This gives them the insights they need to make informed decisions and achieve meaningful savings for both their business and their employees.To learn more about how SmithRx is inventing a new kind of PBM, tune into Alan Pannier’s new Youtube series. Subscribe and keep an eye out for more installments, coming soon.🎙️⚕️ABOUT CARETALKCareTalk is a weekly podcast that provides an incisive, no B.S. view of the US healthcare industry. Join co-hosts John Driscoll (President U.S. Healthcare and EVP, Walgreens Boots Alliance) and David Williams (President, Health Business Group) as they debate the latest in US healthcare news, business and policy. GET IN TOUCHFollow CareTalk on LinkedInBecome a CareTalk sponsorGuest appearance requestsVisit us on the webSubscribe to the CareTalk NewsletterSupport the show⚙️CareTalk:  Healthcare. Unfiltered. is produced by Grippi Media Digital Marketing Consulting.