For employers looking for guidance on navigating contracts with pharmacy benefit managers (PBMs), there are a variety of resources available; but you have to be cautious about who's supplying the information.

URAC (the Utilization Review Accreditation Commission) is responsible for granting accreditation for a variety of health care organizations, including PBMs. Their set of criteria is designed so that consumers and employers can trust that a provider meets universal requirements for fair business practices. However, the group is not immune to the size and influence of the PBM industry.

Not surprisingly then, URACs "PBM Purchasers Guide: A Quality Management Toolkit" offers some misleading information and neglects some of the more troubling aspects of PBM behavior.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.