The Employer's Guide Blog for Overseeing PBMs

The Definition of Oversee: to watch over and direct (an undertaking, a group of workers, etc.) in order to ensure a satisfactory outcome or performance.

Tuesday Tip of the Week: How Pharmacy Benefit Managers Make Money [Video]

The five primary ways PBMs make money are:
1. Administrative Fees
2. Dispensing Fees
3. Ingredient Costs
4. Refunds or Rebates
However, there is one strategy which drives these costs – Information Asymmetry. Watch the video to learn more.

 

Tyrone Squires, MBA, CPBS

I am the proud founder and managing director of TransparentRx, a fiduciary-model PBM based in Las Vegas, Nevada. We help health plan sponsors reduce pharmacy spend, by as much as 50%, without cutting benefits or shifting costs to employees.

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