How Do PBMs Work?
Pharmacy Benefit Managers (PBMs) advocate on behalf of patients and payers to reduce prescription drug costs, expand access, and improve patient outcomes.
Formularies are lists of drugs that a health plan uses as part of its pharmacy benefit. These lists help patients avoid unsafe medications that may not interact well with other prescriptions, prevent expensive or ineffective drugs from being prescribed to patients, and improve patient outcomes by reducing physician or ER visits.
When PBMs Succeed, Patients Receive Accessible, Affordable Prescriptions
- PBMs play an essential role in patients receiving quality health care. PBMs partner with other health care providers to protect drug supply chains and help keep patients healthy.
- As more information becomes available about COVID-19 vaccines, navigating it all can be a challenge for those seeking their turn in line. PBMs have experience helping patients access prescription drugs. As patients and families have questions about where to get a vaccine, when to receive their shot, or even if they qualify, PBMs are taking action to support national, state, and local COVID-19 vaccination efforts.
Pharmacy Benefit Managers
Who we are
Pharmacy Benefit Managers (PBMs) make prescription drugs accessible and affordable for patients and payers.
Today, health care plans hire PBMs to not only secure lower costs for prescription drugs through discounts and rebates, but also to advocate for access to generic drugs and home delivery. PBMs are coordinating every step of your pharmaceutical care for better health outcomes.
OnYourRxSide provides information about the role of PBMs in advocating for lower prescription drug costs and greater savings on behalf of patients and payers.