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COUNTY OF ALAMEDA GENERAL SERVICES AGENCYPURCHASINGADDENDUM No. 1 to RFP No. 900666 for Pharmacy Benefit Management (IBM) Service ProgramSpecification Clarification/Modification Notice to Bidders
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Pharmacy Benefit Management (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.
Pharmacy Benefit Management (PBM) companies are required to file pharmacy benefit management (PBM) reports.
To fill out the pharmacy benefit management (PBM) report, PBM companies need to report information related to prescription drug programs and services provided.
The purpose of Pharmacy Benefit Management (PBM) is to control costs related to prescription drugs, improve medication adherence, and provide access to medications for patients.
Information such as drug costs, rebates, claims processing, formulary management, and utilization management strategies must be reported on pharmacy benefit management (PBM) reports.
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