PBM/PBA Development (In-Sourcing)
ARMSRx has unique industry knowledge in helping clients develop their own in- house pharmacy benefit management (PBM) or pharmacy benefit administrator (PBA) program. We work with our clients to determine the best solutions and vendors for the various components to develop a plan and timeline to support the planning and development phase, through a successful launch.
Payers that have the resources and capacity to engage in this “new generation” pharmacy benefit model have been extraordinarily successful in saving money, creating greater control, reducing costs, trend and generating revenue streams. PBMs offer a vast array of services and clients can duplicate or outsource to unify their offering.
The standard marketplace PBM offers full-service capabilities; however, they may only own a few of the components and subcontract the rest. Unbundling the varied services provides a greater knowledge of actual prescription costs, creates greater control of formulary placement and product selection, generates increased revenue opportunities, and reduces administrative costs. Contact Us Today to explore your options for PBM/PBA Development with the professionals at ARMSRx!
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