How Transparency Impacts Rx Spend with Nick Williams

Description: On this episode of Impact Healthcare, Lester sits down with Nick Williams, Director of Business Development at TrueRx. Together, the pair discuss how Nick started his career as a fifth-generation pharmacist and transitioned into the benefits industry. Nick also walks through the impact the innovative programs that can be developed when pharmacists and PBM’s unite. Lastly, he leaves the audience with a relevant case study and a bit of advice to listeners looking to impact their Rx spend. Show Notes: Welcome to Impact Healthcare! Nick starts the podcast with a story of how he got into the industry (1:12) and how disruptive benefit managers and carriers can be to patient care (4:00). The pair discuss the problems with rebate chasing (7:00) and how TrueRx helps patients save money on prescription drugs over traditional methods (15:00). Nick explains how he’s able to save employers up to 80% and patients up to $8,000 per year (21:00) what his team does to avoid disruption (23:30). Lester asks Nick to describe the innovation that is fostered when clinicians and PBM combine (26:40) and share a case study from one of his clinical programs (34:00).