How To Cut Out The PBMs And Increase Your Bottom Line
Independently owned pharmacies are struggling to keep their doors open and if you ask them why, the owner may cite PBMs as the biggest offenders. In excess of 16% of independent or rural pharmacies have closed their doors for good over the past fifteen years according to an article published in the Washington Post in August of 2018. The issue isn’t the rising rising drug costs that are set by the drug manufacturers, but instead the reimbursement rates set by pharmacy benefit managers that do not cover the cost of the drug from the pharmacy.