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This article highlights the legal risks of Pharmacy Benefit Manager (PBM) contracts for employers due to new fiduciary duties. It introduces RootTrust, a platform that analyzes these contracts, providing clarity and compliance to protect companies from financial and legal pitfalls.
- New fiduciary duty laws are shifting legal liability for opaque PBM contracts from PBMs onto employers themselves.
- RootTrust uses AI to translate dense PBM contract legalese into risk scores and flag problematic clauses.
- It positions itself as an independent auditor rather than a PBM competitor, monetizing via consulting firm subscriptions and one-time fees for self-insured employers.
- Its data moat comes from accumulating analyzed contracts over time, improving its ability to detect risky contract language.