29 Nov 2023 | Healthcare | blogs

How PBMs are Transforming The Way Pharmacies Operate?

PBMs occupy a complex role in the pharmaceutical industry, wielding significant influence over drug pricing, formulary management, and pharmacy benefit programs. While they have contributed to lowering drug costs for insurance companies, their opaque practices, potential for conflicts of interest, and detrimental impact on pharmacies have raised serious concerns. It is crucial to address these issues to ensure that PBMs operate in a transparent, patient-centric, and pharmacy-friendly manner.