Onboard navigation: Successfully steering a PBM relationship

Thomas, Tim
July 2007
Employee Benefit News;Jul2007, Vol. 21 Issue 9, p9
The article presents ways on how employers can create a relationship with pharmacy benefit managers (PBMs). It is noted that the PBM industry started as employers struggled to deal with increasing costs of pharmaceuticals, and PBMs developed programs and services that can save money. Maintaining a network with retail providers, managing claims processing for retail pharmacies and creating a formulary are among the services which a PBM provides. Three ways on providing PBM profits are described.


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