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:

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  • 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
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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.

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Team Leader

Joseph Feliciani

Pharmacy Benefits Consultant

Joseph Feliciani has over 21 years of experience in pharmacy benefit management. Joseph’s career began in several pharmacy settings, retail, home infusion, hospital and mail order. He further refined his skills in state Medicaid Programs handling monthly reporting, analytics and identification of plan setup issues. Joseph furthered his experience with a large auditing firm specializing in PBM Audits and Pharmacy Network Audits/Fraud, Waste and Abuse identification. He has held director and vice president level positions in, networks, analytics and client relations departments at regional Blue’s plans and several PBMs both large and small. Joseph has a deep understanding of the pharmacy supply chain and how best to engage clients in a full understanding of the benefits they have, what the market is doing today and where benefits are moving towards. He graduated from Thomas Edison State University with a bachelor’s degree in Mathematics and Natural Sciences and a Master of Business Administration with a focus on Health Care Management. Joseph is a licensed Life, Accident and Health insurance producer in several states. He joined Rael & Letson in May of 2023.

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