Tuesday, August 3, 2021

Tip of the Week: Education is the most logical and effective foundation for achieving maximum value in pharmacy benefit management (PBM) services.

Teachers, military personnel, doctors, pharmacists and even some professional athletes are tested for competency specific to their job functions. Yet, in an industry where over $400 billion changes hands annually the folks making purchasing decisions don't have to prove competency specific to pharmacy benefits management. It's really quite simple, PBM competency (mastery) = lower costs = better patient outcomes.

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Expand your PBM knowledge beyond a functional role and understand exactly how each domain works together within the pharmacy distribution and reimbursement system. Education is the most logical and effective foundation for achieving maximum value in pharmacy benefit management (PBM) services. Assessing transparency will be more effectively done by a trained eye.

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