By: Nic Hayes
A savings of $311.96...
Bill Miller, the founder of Evo, has experienced firsthand the difference his company’s solution makes. When Bill went to his pharmacy to fill a prescription for fish oil and statin, the initial cost using his high-deductible health plan was a staggering $386.12. Shocked by the price, Bill asked the pharmacist to submit the claim with his Evo card instead. The result? A new total of $74.16—a savings of $311.96.
This real-life experience underscores what Evo stands for: significant savings and better outcomes. But this story is about more than just numbers—it's about Evo's unwavering commitment to transparency, innovation, and personalized service, setting them apart in the crowded pharmacy benefit manager (PBM) space.
At the heart of Evo’s mission is a simple yet powerful idea: to transform the way pharmacy benefits are managed by putting transparency and value above all else. This isn’t just a goal; it’s a promise that Bill Miller, the Founder and CEO of Evo, is passionate about delivering every day. “At Evo, we’re redefining what employers should expect from their pharmacy benefits by putting transparency and savings at the forefront. Our commitment to eliminate conflicts of interest with the plan empowers organizations to take control of their pharmacy costs without compromising the member experience,” he adds.
Transparency: The Cornerstone of Evo’s Promise
Evo’s story is rooted in transparency. For far too long, PBMs have operated behind a veil of opaque pricing structures, leading to hidden costs and conflicts of interest. But Evo is different. By prioritizing full transparency, they empower employers with the tools and knowledge to take control of their pharmacy spend, ensuring that every dollar is spent wisely while maintaining the highest quality of care for employees.
Evo's commitment to transparency means no hidden fees, no surprises—just clear, upfront pricing. They establish direct contracts with pharmacies to ensure that employers know exactly where their money is going. With Evo’s pass-through pricing model, all manufacturer rebates and discounts are passed directly to employers, eliminating an estimated 30% overspend on everyday prescriptions. This isn’t just a business model; it’s a promise to act in the best interest of the plan, free from financial conflicts.
Innovation: Constantly Evolving to Serve Better
In an industry that’s constantly evolving, Evo is not just keeping up—they’re leading the way. Guided by their motto, “Be better than you were, get better than you are,” Evo is committed to continuous improvement. They’ve recognized the inefficiencies and cost-drivers in traditional pharmacy benefit solutions, such as spread pricing and rebate games, and have innovated a transparent, efficient solution that reduces costs without compromising care.
Evo’s innovation goes beyond cost savings. It’s about reimagining the entire pharmacy benefit experience. While other PBMs are stuck in the past, Evo is pressing forwards, addressing the challenges of today and tomorrow with solutions that make a real difference.
Personalized Service: Tailored to Fit Every Organization
Every organization is unique, and Evo understands that. That’s why they offer personalized service that allows employers to tailor their pharmacy benefit plan to meet their specific needs. Whether it’s integrating point solutions to address challenges like immunotherapies or GLP-1s, Evo’s approach is flexible and responsive, ensuring that every plan is optimized for its members.
This personalized approach extends to implementation as well. Evo ensures a smooth transition with minimal disruption, allowing employers to seamlessly integrate their solution while maintaining continuity of care for employees. From the moment Evo’s program is in place, savings start rolling in. One Evo Benefit Specialist Customer put it simply, "Evo knows their business, and I consider them to be one of my primary valued resources to help me do my job for our employees."
A Commitment to Continuous Improvement
The pharmacy benefits landscape is always changing, and Evo is committed to staying ahead of the curve. They encourage a mid-year review to identify strategic opportunities, optimize costs, and respond to emerging trends, regulatory changes, or the introduction of new bio-similars and generics. By being proactive, Evo helps clients maximize savings and satisfaction.
In a world where change is constant, Evo’s dedication to transparency, innovation, and personalized service hold steadfast setting them apart from the rest of the industry. They empower employers and employees alike with the savings and clarity they need to navigate the complex pharmacy benefits landscape with confidence.
We are proud to feature Evo on the Granite List.