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Submitted URL: https://cvshealth.com/about/our-offerings/pharmacy-benefits-management
Effective URL: https://www.cvshealth.com/services/prescription-drug-coverage/pharmacy-benefits-management.html
Submission: On February 03 via manual from IN — Scanned from DE
Effective URL: https://www.cvshealth.com/services/prescription-drug-coverage/pharmacy-benefits-management.html
Submission: On February 03 via manual from IN — Scanned from DE
Form analysis
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Name: newsletter — POST
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Text Content
Skip to main content * CVS.com * Aetna.com * Caremark.com * Careers * Investors * About We enter our 60th year as one of the most trusted brands in America. ABOUT OUR STRATEGY * Diversity, Equity and Inclusion * Company History OUR PEOPLE * Our Purpose LEADERSHIP PUBLIC POLICY * Public Health * Value-Based Care * Access to Coverage * Drug Costs CVS HEALTH VENTURES * Services Our approach ties directly to our purpose: Bringing our heart to every moment of your health™. SERVICES COVID-19 * Timeline HEALTH CARE AND WELLNESS * Health Services * Condition Management * Mental Health * Health and Wellness Products * Other Health Care Services PRESCRIPTION DRUG COVERAGE * Pharmacy Benefits Management * Health Care Affordability HEALTH INSURANCE * Commercial Health Coverage * Medicare * Medicaid * Individual and Family Plans * Vision and Dental Management * Medical Management PHARMACY * Mail Order Pharmacy * Neighborhood Pharmacy * Prescription Delivery * Prescription Savings * Specialty Pharmacy * News Find everyday health news, media resources and more. NEWS FEATURED CONTENT * CVS Health Live * Healthy Communities * Healthy Conversations * Heart At Work PRESS RELEASES RESEARCH REPORTS MEDIA CONTACTS MEDIA LIBRARY * Impact Find out how we're touching people, communities, businesses and the planet. IMPACT HEALTHY PEOPLE HEALTHY COMMUNITY * Health Zones * Our Giving * Disaster Relief * Volunteerism * Our Opioid Response HEALTHY PLANET * Climate Action * Sustainability HEALTHY BUSINESS HEALTH EQUITY * Social Determinants of Health ESG REPORTS * Annual Report * Women's Health * About * Services * News * Impact * Women's Health * CVS.com * Aetna.com * Caremark.com * Careers * Investors Back * About * Our Strategy * Our People * Leadership * Public Policy * CVS Health Ventures * Services * COVID-19 * Health Care and Wellness * Prescription Drug Coverage * Health Insurance * Pharmacy * News * Featured Content * Press Releases * Research Reports * Media Contacts * Media Library * Impact * Healthy People * Healthy Community * Healthy Planet * Healthy Business * Health Equity * ESG Reports * Our Strategy * Diversity, Equity and Inclusion * Company History * Our People * Our Purpose * Public Policy * Public Health * Value-Based Care * Access to Coverage * Drug Costs * COVID-19 * Timeline * Health Care and Wellness * Health Services * Condition Management * Mental Health * Health and Wellness Products * Other Health Care Services * Prescription Drug Coverage * Pharmacy Benefits Management * Health Care Affordability * Health Insurance * Commercial Health Coverage * Medicare * Medicaid * Individual and Family Plans * Vision and Dental Management * Medical Management * Pharmacy * Mail Order Pharmacy * Neighborhood Pharmacy * Prescription Delivery * Prescription Savings * Specialty Pharmacy * Featured Content * CVS Health Live * Healthy Communities * Healthy Conversations * Heart At Work * Healthy Community * Health Zones * Our Giving * Disaster Relief * Volunteerism * Our Opioid Response * Healthy Planet * Climate Action * Sustainability * Health Equity * Social Determinants of Health * ESG Reports * Annual Report 1. Home 2. Services 3. Prescription Drug Coverage Prescription Drug Coverage PHARMACY BENEFIT MANAGER Designing and administering cost-effective prescription drug plans that meet the financial and health care needs of our customers and members THE IMPACT OF PHARMACY BENEFIT MANAGERS (PBMS) As part of CVS Health®, CVS Caremark® plays a critical role in the health care system by negotiating low net costs for our customers while supporting safe and clinically effective products for consumers. Beyond traditional PBMs, we use an integrated model to increase access to care, deliver better health outcomes and help lower overall health care costs. * Discover the Caremark difference * CVS Caremark facts at a glance (PDF) * 5 facts to know about PBMs (PDF) GET TO KNOW PHARMACY BENEFIT MANAGERS WHAT ARE PBMS Pharmacy benefit managers, or PBMs, manage prescription drug benefits for clients ranging from health insurers and Medicare Part D drug plans to large employers. PBMs are one of the few parts of the prescription drug supply chain specifically dedicated to lowering costs. HOW CAREMARK HELPS LOWER COSTS People are more likely to take their prescribed medications when they know they can afford them. CVS Caremark® negotiates lower costs for our customers and expands coverage to affordable medications that people need to stay healthy. We are transparent about medication costs and prioritize a high quality and more affordable approach to health care. Our approach begins with the latest clinical research, guidelines and best practices — and our formulary decisions are overseen by a committee of independent, unaffiliated clinical pharmacists and physicians. Across every therapeutic category, we strive to achieve low costs for our clients and their members. That means managing the two fundamental forces behind drug spending: price and utilization. As one example of how we help lower out-of-pocket prescription costs, our members may use our proprietary online search tool for savings options that work with their prescription plan. Find ways CVS Caremark helps keep drug costs down WHICH ESSENTIAL SERVICES DO PBMS PROVIDE The basic services PBMs provide include: * Negotiating low drug costs and rebates with pharmaceutical manufacturers * Creating and administering retail pharmacy networks * Helping members understand the best use of pharmacy benefits * Developing and maintaining formularies, which are lists of covered drugs * Providing mail pharmacy and home delivery services * Ensuring providers have the latest clinical information to prescribe clinically appropriate medications * Processing pharmacy claims Explore our mail service pharmacy WHY PBMS MAY PROVIDE ADDITIONAL SERVICES CVS Caremark goes above and beyond these basic services: We provide adherence counseling to make sure members take medications as prescribed, help close gaps in care, support members with chronic and specialty conditions, provide disease management support, and more. All in all, the goal of these added services is to help improve health outcomes, which helps lower long-term and overall health care costs. Almost half of our members use our digital tools to manage their prescriptions, find lower-cost alternatives and stay on track with their treatments. Discover our approach to care management HOW PBMS ARE DIFFERENT FROM AN INSURANCE COMPANY With traditional medical health insurance, medical bills are covered by insurance benefits for hospital, doctors and other health care provider costs. Traditional medical health insurance also covers medications administered directly by the provider in the office or at the hospital. The prescription drug benefit covers medications that are typically picked up at the pharmacy or delivered to the home. PBMs work alongside health plans and employers to administer prescription drug benefits. Depending on a person’s insurance, they may be able to use their health insurance card when they pick up prescriptions at the pharmacy, or they may have a separate card specifically for prescription drug coverage. HEALTHIER HAPPENS TOGETHER™ QUICK LINKS * News * Leadership * Careers * Investors * Contact SERVICES * COVID-19 * Health Care and Wellness * Prescription Drug Coverage * Health Insurance * Pharmacy IMPACT * Initiatives * Public Policies * Our Opioid Response * Political Contributions DISCLOSURES * Vulnerability Disclosure Program STAY CONNECTED Thank you for subscribing. There seems to be a problem. Please try again later. Email Please enter a valid email Subscribe * Accessibility * Privacy Center * Site Map * Terms of Use * Code of Conduct * facebook * twitter * youtube * instagram * linkedin © Copyright 1999 - 2024 CVS Health