Discover how our innovative pharmacy benefits strategy helped this leading truck dealership achieve dramatic cost savings while improving employee coverage.
Key Results
The Challenge
Rihm Kenworth, the second oldest Kenworth dealership in the country with a 75+ year history, is a well-known entity in Minnesota and across the transportation industry. With approximately 280 employees, Rihm Kenworth partnered with Cottingham & Butler to optimize their benefits strategy and control rising costs.
Why They Need Change
Benefit costs spiraling upward year after year
Specialty drug claims creating unsustainable cost surge
Previous provider's rigid plan design limiting options
Growth plans hindered by reactive benefits approach
The Cottingham & Butler Approach
In-Depth Analysis & Strategy Development
Utilized our exclusive Pharmacy Toolkit to collect and analyze claims data
Pinpointed cost drivers with proprietary Guided Pharmacy Solutions (GPS) process
Benchmarked against industry standards to secure competitive edge
Strategic Pharmacy Management
Developed a tailored strategy, recommending the optimal combination of ControlRX and NaviCareRx programs
Aggressive program management cut pharmacy costs by 71%, reducing per-member per-month (PMPM) spend from $165 to $48
Projected YTD annual savings of ~$500,000
Enhanced Clinical Oversight
Applied advanced drug management strategy, reducing specialty drug costs while protecting member access
Maximized patient assistance programs to lower costs for both employer and members
Delivered successful clinical oversight with minimal disruption to member care
Network Optimization
Maximized carrier relationships to transform regional coverage into nationwide access
Expanded access to care for employees, doubling provider options without increasing costs
Improved employee satisfaction through broader provider choice and improved coverage for out-of-state care
"Our collaboration with Cottingham & Butler has been transformative. Not only did we achieve substantial cost savings—nearly half a million dollars in just six months—but we've also significantly improved our employee benefits package." - Rihm Kenworth
Ready to revolutionize your HR processes? Contact us today to begin your journey!