Pharmacy Benefit Management (PBM) contracts are complicated, nebulous, and non-transparent on many fronts. So how can employer purchasers really know what is going on behind the scenes? How can employers trust PBMs to do what is in the best interests of the employer’s finances, versus what’s most profitable for the PBM?
We’ve compiled the following list of things PBMs would rather you didn’t know about PBM contracts. Knowing these ahead of time will make your company a savvier purchaser of PBM services, and put you in a stronger position when it comes time to sign or renegotiate subsequent PBM contracts.
Knowing that you have more clout with your PBM than you may have realized, combined with the tips provided here, should give you new negotiating tools to get the best pricing available.
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