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Argus' innovative Rebate Contracting service is an alternative to today's
restrictive PBM model. The Argus approach brings manufacturers and health
plans together, acts as an intermediary, and fosters open and direct
communication. Argus acts as the information conduit between its health
plan customers and pharmaceutical manufacturers—negotiating and
maintaining pharmaceutical reimbursement contracts, performing
administrative services, and providing expertise and information to
enhance rebate contract results.
With Argus as your Pharmacy Benefit Partner, you retain control of your rebate program. We base rebate contracts on your formulary and offer options to suit your unique business needs. Argus' support services help maximize your rebate revenue. Our clinical staff offers formulary management services. We proactively provide new drug industry information used to evaluate and select formulary medications for various diseases, conditions and patient populations. To aid you in decision-making, we perform drug utilization analyses and review these studies with you. With the support of Argus' superior information and technology, you achieve optimum rebate contract results. Our full disclosure policy ensures you are aware of every aspect of your rebate program. Argus discloses fees up front, including its per-claim administration fee. Manufacturers pay Argus a low, fixed-percentage fee for the administrative and information services provided, based solely on rebated product sales. |
All contract terms and conditions are loaded into the Rebate Administration System and are available for your access. Once contract terms are loaded, the system generates an easy-to-understand summary that can be used for manufacturer negotiations and review. Argus' industry-leading Rebate Administration System performs all administrative functions. Contract administration services include monthly billing, reconciliation, accounting, and utilization reporting. We have streamlined the generation of manufacturer invoices—creating invoices for each drug manufacturer within 15-20 business days of the quarter's close. This rapid turnaround time improves your cash flow and positively impacts your bottom line. By utilizing Argus' vast resources to administer rebates, you enjoy cost reductions and the efficiency of a centralized reimbursement program. Argus frees your resources to focus on critical business needs by holding the contracts and managing the administrative process with our superior software and expertise. Argus' rebate programs are the unique solution to your rebate needs. With Argus, you'll see new value in your rebate contracts. |
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