What if your company could significantly reduce prescription drug costs without changing its pharmacy benefit manager or taking medications away from employees?

In Part 2 of The H.I.T. Podcast, host Toby Kennedy continues his conversation with Louis Gallucci, CEO of Limitless Consulting Group, about how employers can take greater control of prescription drug spending through smarter sourcing strategies.

Louis explains why self-funded employers should look beyond traditional pharmacy benefit managers (PBMs) and explore alternative purchasing options that can benefit both their health plans and their employees.

From analyzing pharmacy claims data to identifying high-cost medications and exploring alternative sourcing channels like GoodRx and Mark Cuban Cost Plus Drugs, this conversation provides practical insights for HR professionals, benefits managers, and business leaders looking to control healthcare costs.

In this episode:

• Why employees should have more flexibility in how they access prescription medications
• How identifying your five most expensive drugs can reveal potential savings opportunities
• Understanding the difference between clinical strategy and pharmacy procurement
• How employers can explore lower-cost sourcing without necessarily changing their PBM or formulary
• Why reducing out-of-pocket prescription costs can help employees access the medications they need
• How to request and analyze pharmacy claims data to identify unnecessary spending
• Why transparency matters when managing self-funded health plans and fiduciary responsibilities

Louis also shares a practical starting point for HR leaders: Request a report of your organization's 10 most expensive medications over the past 12 months. Then work with your broker or benefits advisor to explore alternative sourcing options.

The goal isn't simply to spend less on prescription drugs. It's to help employees access the medications they need while making smarter purchasing decisions for the organization.