Pharmacy Benefit Manager FAQs

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Appro-Rx helps improve the way pharmacy benefits management is done every day to help lower prescription costs. However, we understand that the world of PBMs can be confusing. Below we have answered your most frequently asked questions to give you a better understanding of your needs!

What is a Pharmacy Benefit Manager (PBM)?

Pharmacy Benefit Managers (PBMs) are third party administrators for prescription drug programs that negotiate drug prices with manufacturers and handle the exchange of money between pharmacies and health plan enrollees (employees of private companies and government agencies as well as welfare programs).

How many people use a Pharmacy Benefit Manager?

90% of all Americans get their pharmacy benefit through a PBM.