90 Degree Benefits Taps Milliman SkySail for Pharmacy Benefit Optimization
Event summary
- 90 Degree Benefits, a top 10 U.S. third-party administrator (TPA), selected Milliman SkySail for comprehensive pharmacy benefit management (PBM) consulting services.
- Milliman SkySail will provide PBM procurement, contract compliance monitoring, and performance analytics to 90 Degree Benefits' clients.
- The selection followed a competitive RFP process, highlighting Milliman's independent, data-driven approach to pharmacy benefits.
- 90 Degree Benefits manages over 700,000 lives annually across 23 U.S. offices.
The big picture
This partnership underscores the growing demand for independent PBM consulting as pharmacy costs rise. With 90 Degree Benefits' scale and Milliman's actuarial rigor, the collaboration could set a new benchmark for transparency in pharmacy benefit management. The engagement also highlights the trend of TPAs outsourcing specialized functions to maintain cost competitiveness.
What we're watching
- Scale Impact
- How Milliman SkySail's expansion with 90 Degree Benefits will affect its market positioning against specialized PBM consultants.
- Cost Containment
- Whether the data-driven approach can demonstrably reduce pharmacy benefit costs for 90 Degree Benefits' clients.
- Independent Model
- The pace at which Milliman can replicate this engagement with other large TPAs, given its no-financial-ties-to-PBMs stance.