HighRoads, an industry leader in employer healthcare regulation compliance, has announced that Thomson Reuters will use HighRoads' solution to procure and manage pharmacy benefits for its clients. Thomson Reuters already offers its clients HighRoads' HR Compliance service, which automates the Summary Plan Description (SPD) process.
HighRoads will enable the anticipated growth of Thomson Reuters pharmacy procurement business by streamlining the data collection, analysis, management and selection process for PBM vendors and programmes. The HighRoads Procurement and Renewal Service gives Thomson Reuters a platform that provides the ability to manage PBM Request for Proposal (RFP) projects and contract negotiations in a cost-effective and efficient manner.
HighRoads helps employers to gain complete control over their healthcare costs and compliance. With HighRoads' service, employers have online access to benefits plan information and pricing, competitive benefits benchmarks, and complete benefits supply chain management.
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