What does AEPC do?
We are a not-for-profit corporation established in 1993 to develop high-quality, value-based purchasing programs which have allowed employers and organized labor groups to save tens of millions of dollars on negotiated benefits such as prescription drugs.
Over 30 organizations with over 270,000 lives participate in AEPC programs, including public and private sector employers, Taft-Hartley union/management funds, Michigan universities and colleges, and Voluntary Employee Beneficiary Associations (VEBAs).
AEPC conducts an in-depth Request for Proposal (RFP) for each program using industry best practices. Member organizations can rely on AEPC’s expertise and due diligence without incurring the expense of conducting their own RFP.
AEPC’s purchasing clout is leveraged to drive cost-effective, value-driven contracts with improved pricing for all group members. After a program is created, we competitively bid contracts every three years and pay for the bidding process and ongoing annual reviews or audits.
Member organizations don’t relinquish control over their own benefit plan design, and make claims payments directly to the vendor while reaping the benefits of being in a large purchasing coalition with more clout to get the best pricing and terms possible.