Expert AdvicePBM's are knowledgeable about the prescription drug industry, it's their job. Having a good relationship with your PBM means you stay informed about industry changes relating to efficacy, pricing, and new or changing regulations. |
Save MoneyA PBM is essentially a TPA for your prescription drugs. They process claims, negotiate pricing, and offer cost saving options such as 90 day fulfillment, or mail order programs, to make sure your plan is getting the most bang for your buck. |
Provide InsightYour PBM will provide you with reporting similar to what your TPA provides. This reporting will contain information regarding drug utilization, trends, and money spent. This will allow you to make changes to your plan where necessary to save money. |