Becker's Healthcare January 24, 2025
Alexandra Murphy

An increasing number of health systems are bringing pharmacy benefit manager services in house, a trend driven by a goal to reduce prescription drug costs, improve transparency and have more control over patient care.

As PBM services have traditionally been dominated by large companies such as CVS Caremark, Express Scripts and OptumRx, health systems are starting to create alternatives.

Here are four more things to know:

  1. A significant factor driving health systems to bring PBM services in house is the escalating cost of prescription drugs. By managing PBMs internally, health systems are able to negotiate prices directly with drug manufacturers and pharmacy networks. For example, Salt Lake City-based Intermountain Health has entered a partnership with the...

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Topics: Health System / Hospital, Pharma, Pharma / Biotech, Provider
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