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Historically, a pharmacy benefit manager (PBM) is a third-party administrator of prescription. drug programs. PBMs are primarily responsible for developing and maintaining the. formulary, contracting with pharmacies, negotiating discounts and rebates with drug. manufacturers, and processing and paying prescription drug claims.
So, what exactly do these wellness visits entail, and what types of tests and screenings should you take advantage of? Read on for the key facts you need to know. 1. What exactly is a Medicare wellness exam? The Welcome to Medicare physical is the first wellness exam you can expect when you enroll in Medicare. Itâs what sets your baseline for looking at your health changes over time. The yearly Wellness visits follow-up on the information found in that initial exam (they start once youâve had Part B for longer than 12 months).