Pharmacy Benefit Management Services Procurement in the US
This report is intended to assist buyers of pharmacy benefit management (PBM) services. A PBM provider is a third-party company that manages the sale and distribution of government and employer-sponsored prescription drugs. In addition to processing prescription drug claims, PBM firms develop and maintain formulary. PBM providers leverage their size to contract with pharmacies and negotiate discounts and rebates with pharmaceutical manufacturers. This report does not focus on pharmacies and drugstores. Common buyers of PBM services include health insurance carriers, pharmacies and healthcare facilities.
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