PBM Consulting Optimize your pharmacy benefits

Working to deliver a level of certainty that you’re receiving the greatest value for your participants from your pharmacy benefit manager.

Pharmacy Benefit Management (PBM) consulting

We help optimize pharmacy benefits programs including self-funded, claims administration, and hybrid models. We accomplish this by identifying cost savings, ensuring compliance and providing transparency. Our services include:

Talk to an advisor
  • Specialized pharmacy consulting
  • Consulting on cost savings and emerging trends
  • Auditing and reporting
  • Compliance and regulatory change advisories
  • Pharmacy benefits program planning, development and maintenance
  • Communications consulting
Talk to an advisor

Why Rael & Letson for PBM consulting?

The pharmacy benefit is often one of the most complicated, costly and confusing parts of any healthcare benefits package. Compliance, regulatory changes, and other issues that affect your plan are always evolving. With expert guidance from Rael & Letson, we can help you:

Manage costs

Our consulting team can ensure claims are paid correctly and help identify cost savings and emerging trends.

Increase participant satisfaction

We can help tailor your pharmacy benefits program to meet your organization's and participants' needs.

Increase transparency

Our audits and detailed reporting can help you better understand the cost drivers of your pharmacy benefits program.

Stay current on compliance and regulatory changes

We keep up with regulatory requirements and can help you navigate the latest changes in the industry.

Related insights

Insights
Company News | Health Benefits | PBM Consulting

Welcome to Dr. Fornataro, Senior Pharmacy Benefits Consultant

We are excited to welcome Martin Fornataro, Pharm.D., to our PBM Consulting team.

Read more
Health Benefits | PBM Consulting

Managing GLP-1 plan exclusions

High claims costs and the high demand of popular weight loss medications can lead to necessary plan exclusions, but is exclusion the right path?

Read more
Health Benefits | PBM Consulting

Time to review your Pharmacy Benefit Manager contract?

Need to benchmark your current agreement? Help negotiate a favorable deal? Find lower cost options for expensive medications? We can help.

Read more
Insights

Team Leader

Martin Fornataro

Pharmacy Benefits Consultant

Martin P. Fornataro, Pharm.D., has over 32 years of experience in consulting, account management, and pharmacy benefit management. His clients benefit significantly from his expertise in client management, strategic planning, analytics, and reporting, which he leverages to enhance their prescription drug benefit programs. Dr. Fornataro has held numerous influential leadership roles in various Pharmacy Benefit Managers and national pharmacy consulting firms, enabling him to provide insights that empower his clients to make well-informed business decisions and achieve their strategic pharmacy management goals. Martin has spoken on various prescription drug benefits topics at national healthcare conferences and local benefits association meetings on critical prescription drug benefit topics. He has been quoted in the national media. He has published articles outlining effective strategies to combat rising prescription medication costs, highlighting the value of generic medications, and cautioning against the pitfalls of direct-to-consumer advertising. During the pandemic, he presented information on effective treatments for COVID-19 at a multi-state public sector conference. Martin holds a Doctor of Pharmacy degree from the University of Southern California, School of Pharmacy in Los Angeles, and a Bachelor of Science in Microbiology from San Diego State University. He is a registered Pharmacist in California and Nevada and actively engages with the Academy of Managed Care Pharmacy (AMCP). With his extensive expertise, Martin is committed to helping clients navigate the complexities of pharmacy management with confidence and success.