Glossary Term

PBMs

Pharmacy Benefit Managers (PBMs) are US intermediaries administering drug benefits for insurers and employers, negotiating prices, managing formularies, and processing claims for millions of members.

Illustration representing PBMs
Listen to definition
Related terms
CMS (Centers for Medicare & Medicaid) ASP AWP
Further reading
Wikipedia: Pharmacy Benefit Management AMA: What are PBMs? Browse the HEOR resource database

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