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Three companies controlled 79% of U.S. pharmacy benefit management in 2022, according to the data platform Statista: CVS Caremark with 33%, Express Scripts at 24%, and OptumRx owns 22% of the market.
Pharmacy benefit management. In the United States, a pharmacy benefit manager ( 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.
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]
US House of Representatives, Committee on Veterans Affairs, Subcommittee on Oversight and Investigations. May 25, 2000. Testimony of John E. Ogden, M.S. Chief Consultant for Pharmacy Benefits Management, Department of Veterans Affairs. VA's Consolidated Mail Output Pharmacy Program. United States of America v. Joseph Haymond, Case 3:05–03107.
The Consumer Value Store first began in 1963 as a health and beauty retailer in Lowell, Massachusetts, before changing its name to CVS in 1964. Pharmacies within CVS stores were introduced later ...
In 2008, Surescripts merged with RxHub which was formed by a consortium of pharmacy benefit management companies comprising CVS Caremark, Express Scripts and Medco Health Solutions. According to the U.S. Department of Health and Human Services, in 2014 96% of U.S. community pharmacies and 70% of U.S. physicians used Surescripts' e-prescription ...
Walgreens ( WBA) is standing up a new specialty pharmacy segment to compete in an increasingly crowded pharmacy benefits manager (PBM) and specialty pharmacy space. The company announced Thursday ...
Medco Health Solutions, Inc. was an American Pharmacy Benefits Management (PBM) company. Medco provided pharmacy services to private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans. Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune ...