M3 Insurance launches new pharmacy benefits consultancy

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M3 Insurance announced the launch of Ethica Pharmacy Advisors, a pharmacy benefits consultancy created to bring a new level of expertise, specialization, transparency, and service to clients. It aims to help plan sponsors manage prescription drug costs through advice, financial analysis, and clinical resources.

Ethica will offer a comprehensive suite of services, including prescription (Rx) diagnostic assessments and pharmacy benefit manager (PBM) contract management, custom pricing arrangements, transparent pharmacy procurements and negotiation advice, full-service Rx directorship, and in-house PBM audit capabilities.

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