Pharmacy Benefit Managers Oversee Prescription Drug Plans to over 200 Million Americans.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c31478) has announced the addition of Pharmacy Benefit Management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. Market Overview to their offering. Pharmacy benefit managers (PBMs) organize the market for prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, . Pharmacy benefit managers secure deep discounts from drug manufacturers and retail pharmacies for large employers or health plans. They try to influence doctors' prescribing habits and encourage the use of lower-cost drugs, including generic substitutes for brand-name medicines. They strongly recommend certain drugs over others in each therapeutic category. PBMs administer prescription drug plans for more than 200 million Americans with drug coverage provided through the nation's small and large employers, Taft-Hartley union plans, health insurers, state and federal-employee benefit plans, Medicare Advantage health plans, and state Medicaid plans. Mergers have nearly cut the number of PBMs in half, from more than 100 five years ago to about 55 today. The largest of the recent mergers consolidated Caremark Rx  The introduction to this article may be too long. Please help improve the introduction by moving some material from it into the body of the article according to the suggestions at with AdvancePCS. Although the top five PBMs have a market share of nearly 60% when measured by number of covered lives, there are a number of smaller market players that are having a significant impact on the market place. Industry consolidation is likely to continue over the next few years. Our Pharmacy Benefit Management Market Overview, 300 pages in length, provides insight into the trends and issues affecting the market. Our Pharmacy Benefit Management Market Overview also identifies more than 50 of the leading market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. and provides a brief profile on each company, which includes (when available): the company background, strategy, products and services, financial and statistical information, and recent activities. This Pharmacy Benefit Management Market Overview, published in February 2005 and nearly 300 pages in length, provides insight into the trends and issues affecting the market. This Pharmacy Benefit Management Market Overview also identifies more than 50 of the leading market participants and provides a brief profile on each company, which includes (when available): the company background, strategy, products and services, financial and statistical information, and recent activities. Topics Covered Industry Overview/Trends PBM PBM - play by mail. See play by electronic mail. List by Covered Lives ACS (Asynchronous Communications Server) See network access server. State Healthcare Aetna Pharmacy Management AmeriHealth Mercy AmeriScript Anthem Prescription Management Argus Health Systems BeneCard Services BeneScript Services Caremark Rx CBCA CBCA Centro Brasileiro da Construção em Aço CBCA Canadian Business Corporations Act CBCA Calgary Birth Control Association CBCA Charlotte Builders and Contractors Association CBCA Chilled Beam and Ceiling Association Rx CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) HealthCare/RxPRIME PharmaCare Management Services Envision Pharmaceutical Services Express Scripts First Health Services health services Managed care The benefits covered under a health contract Corporation 4D Pharmacy Management HealthExtras/Catalyst Rx Health Information Designs Health Net Pharmaceutical Services HealthTrans Kroger Prescription Plans MaxorPlus Managed Pharmacy Benefits/Medicine Shoppe MedImpact Healthcare Systems Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. MIM/Scrip Solutions Navitus Health Solutions NBRx New Benefits NMHCRX NMHCRX National Medical Health Card Systems Inc. Northwest Pharmacy Services Partners Rx Management PBM Plus Pequot Pharmaceutical Network Pharmaceutical Care Network Pharmaceutical Technologies/NPS Pharmacy Services Group Prescription Solutions Prime Therapeutics RESTAT RESTAT Reserve Components Status Reporting RxAmerica RxStrategies RxWest Safeway-SMCRx Serve You Custom Prescription Management Systems Xcellence Total Script US Script Walgreens Health Initiatives WebMD Prescription Benefit Solutions WellPoint Pharmacy Management Sources Summary Our Pharmacy Benefit Management (PBM) Market Overview provides the information and analysis you need to gain an understanding of the PBM market and the trends which affect it. Our PBM Market Overview also identifies approximately 40 market participants and provides information on each company which includes (when available): company background, company strategy, products and services, financial and statistical information and recent activities. For more information visit http://www.researchandmarkets.com/reports/c31478 |
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