Pharmacy Benefit Managers (PBMs) is the industry term for third-party companies that manage prescription drug benefits on behalf of private health insurers, Medicare Part D drug plans, large employers, and other payers.

This whitepaper provides a comprehensive understanding of PBMs influence in the healthcare continuum. It explains the role of PBMs in the pharmaceutical supply chain, their need, and functions in addition to their relationships with their primary stakeholders. It also touches upon the fund flow and service flow between the PBMs and their stakeholders, channels of their revenue generation and the regulatory landscape.