What are Pharmacy Benefits Managers?
May 1, 2017 | Tina PellandPrescription cost is the fastest growing branch of healthcare cost in America, faster than physician and hospital costs put together. With costs of prescriptions growing so rapidly, a Pharmacy Benefits Manager is key in managing prescription claims and saving you money.
A good Pharmacy Benefits Manager will save money for you and your employees when it comes to prescription drug costs.
A pharmacy benefits manager (PBM) is a type of third-party administrator (TPA) that manages prescription drug programs. Choosing the right PBM to assist with prescription claims cost management is a challenge. That’s why it’s important to know the right questions to ask PBMs during interviews. The right PBM can help you lower your prescription claims cost and make prescription drug benefits a breeze.
Learn more on our What Is A Pharmacy Benefits Manager page in the Educational Resources section of our website.