Negotiating contracts with third party administrators of prescription drug programs known as pharmacy benefits managers can be a difficult and confusing process, and it’s made all the more challenging when employers don’t have all the information they need upfront.

Like in any negotiation, more information available to the buyer creates the best chance of ensuring a fair, transparent deal. In pharmacy benefits management, PBMs have reaped the benefits of contract negotiations for years to increase their bottom line. Now, there’s a new tool available to employers to level the playing field.

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