PBM definition

PBM means the independent pharmacy benefit manager that contracts with BCBSAZ to administer the prescription medication benefits covered under this benefit plan.
PBM means a pharmacy benefit management company.

Examples of PBM in a sentence

  • These benefits are administered by our Pharmacy Benefit Manager (PBM).

  • You or your physician may file a written or verbal prescription drug appeal with our pharmacy benefits manager (PBM).

  • The PBM also negotiates price discounts with pharmaceutical manufacturers and provides drug utilization and quality reviews.

  • Determination of tier assignment (in collaboration with input from Pharmacy Benefit Management (PBM)) is made exclusively by BCBSWY.

  • This will allow time for the PBM to work with the prescribing provider to negotiate future drug regimens.


More Definitions of PBM

PBM means a pharmaceutical benefits manager which has entered into an agreement with an Originator to make payments as agent for various insurers and other Persons, on account of pharmaceutical goods sold by such Originator.
PBM means pharmaceutical benefit management company or pharmacy administrator designated by the Administration to manage the pharmacy administrative services under the Pilot Program.
PBM means the combination of
PBM means Princeton BioMeditech Corporation, as identified above, and its Affiliate entities.
PBM. The term "PBM" shall mean a pharmacy benefits manager.
PBM means any Person which engages in any of the following activities, whether or not constituting such Person's principal line of business: contracting with a health plan sponsor to provide prescription drug benefits via mail order, point-of-sale electronic processing of pharmacy claims, formulary development and administration, or developing and/or maintaining retail pharmacy networks for fulfillment of consumer orders for Pharmaceutical Products for members of a prescription drug benefit plan; provided, that an insurance -------- company, HMO or other Person whose principal business involves offering policies or plans of comprehensive health care and which engages in such activities solely for the benefit of its policyholders or members of its comprehensive health plans shall not be deemed to be a PBM for purposes of this Agreement.