Pharmacy benefit management definition

Pharmacy benefit management means any of the following:

Pharmacy benefit management or “PBM,” means the administration of prescription drug programs, including developing and maintaining a list of medications that are approved to be prescribed, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers and processing prescription drug claim payments;

Pharmacy benefit management means an arrangement for the

Examples of Pharmacy benefit management in a sentence

• On the evening preceding the commencement of the Offer, Mr. Bluhm, as a courtesy to Insignia on account of its relationship with the Partnership, informed Insignia that the Purchaser was commencing the Offer.

• The final rule amends the definition of showerhead such that each showerhead in a product with multiple showerheads would constitute a single showerhead for purpose of compliance with the 2.5 gpm standard and define and exclude body sprays and safety shower showerheads from the regulatory definition of showerhead.

• Pharmacy benefit management tools are a feature of the current prescription drug market and are used to lower drugcosts.

• The Contractor shall promptly respond to all inquiries from the Board concerning any aspect of the Pharmacy benefit management program.

• Pharmacy benefit management programs are allowed as long as the employer or carrier does not direct care into the program.

More Definitions of Pharmacy benefit management

Pharmacy benefit management means an arrangement for the procurement of prescription drugs at a negotiated rate for dispensation within this State to beneficiaries, the administration or management of prescription drug benefits provided by a health benefit plan for the benefit of beneficiaries, or any of the following services provided with regard to the administration of pharmacy benefits:

Pharmacy benefit management means the procurement of

Pharmacy benefit management means any of the following: (1) The procurement of prescription drugs at a negotiated

Pharmacy benefit management means an arrangement for

Pharmacy benefit management means the services provided to a self-insured employer or insurance carrier, directly or through another entity, including:

Pharmacy benefit management means the services provided to a self-insured employer (or insurance carrier) directly or through another entity, including (1) the negotiation of the amount to be paid for prescription medicine or drugs by the self-insured employer (or insurance carrier) and the amount paid to independent pharmacy, pharmacy chain, or remote pharmacy dispensing prescription medicine or drugs; (2) procurement of prescription medicines or drugs to be dispensed to injured employees; or (3) the administration or management of prescription medicine or drug benefits, including, but not limited to, any of the following: (1) mail service pharmacy; (ii) claims processing, retail network contracting and management, or payment of claims to pharmacies for dispensing prescription medicines or drugs; (iii) patient compliance, therapeutic intervention, or generic substitution programs;

Pharmacy benefit management means the business of (i) contracting with pharmacies or pharmacists to provide pharmaceutical products and/or services to sponsors of pharmacy benefit plans or individuals covered by pharmacy benefit plans; (ii) managing a network of pharmacies or pharmacists, (iii) processing the claims for such services, and (iv) providing appropriate consulting services to managers of pharmacy benefit plans and their clients; provided that, except for claims processing, such services shall not include services which Acquirer did not provide for clients as of June 1, 2000. Notwithstanding the foregoing, nothing contained in this Section 6.07 shall prohibit any Management Shareholder or his, her or its Affiliates from (i) owning not more than an aggregate of one percent (1%) of any class of stock of any company which is listed on a national securities exchange or traded in the over-the-counter market and (ii) in the case of Management Shareholders who are attorneys, practicing law in the ordinary course of such Management Shareholder's business.