What Does PBM Stand For?
PBM stands for Pharmacy Benefits Management
Pharmacy Benefits Management (PBM) refers to a healthcare management service that optimizes the use of prescription medications for health plan members. PBMs work on behalf of insurers and employers to negotiate drug prices, manage pharmacy networks, implement cost-control strategies, and ensure appropriate medication use. By administering pharmacy benefits, PBMs aim to enhance patient adherence to medication regimens, improve health outcomes, and reduce overall healthcare costs.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym