Why PBMs Build Pharmacy Networks to Compete on Quality and Costs
More competition in the health care marketplace helps Pharmacy Benefit Managers (PBMs) keep prescription drug costs low for patients. To fuel that competition, PBMs build networks of pharmacies that compete on quality and costs. That competition helps provide patients with convenient access to their prescription medications at affordable rates.
Here’s how it works: PBMs build pharmacy networks with pharmacies that provide high-quality care. Through these networks, PBMs can also monitor prescription safety across all pharmacies, alerting pharmacists to any potential drug interactions, even if a patient uses multiple pharmacies. One key component of pharmacy networks is that pharmacies are held to quality standards in order to be included in these networks.
Pharmacy networks are just one of the many ways PBMs are working every day to provide patients with affordable prescription medications. Learn more about pharmacy networks and how PBMs are #OnYourRxSide.
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Pharmacy benefit managers (PBMs) are your advocates in the health care system, working to lower out-of-control prescription drug costs for patients across the country.