Pharmacy Benefit Managers

Pharmacy benefit managers (PBMs) are specialized business entities established to provide a broad spectrum of outsourced pharmacy benefit management services for their private and public payer customers on a stand-alone or carve-out basis. PBMs are regarded as experts in pharmacy benefit management.

What are the advantages and disadvantages for a health plan in using a PBM to manage its pharmacy services rather than developing or building these services internally? Share your thoughts with classmates.

Please make your initial post by midweek, and respond to at least one other student's post by the end of the week. Please check the Course Calendar for specific due dates.