What Does PMB Stand For?
PMB stands for Pharmacy Benefit Manager
PMB, or Pharmacy Benefit Manager, is a third-party administrator of prescription drug programs, primarily serving health insurers, employers, and plan sponsors. PMBs negotiate pricing and manage the distribution of prescription medications, aiming to control costs and ensure access to necessary pharmaceuticals for patients. They also oversee formularies, process claims, and implement programs that promote medication adherence and safety, ultimately enhancing the efficiency of pharmacy benefits within healthcare plans.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym