10 Questions
What is the primary responsibility of a pharmacy benefit manager (PBM) according to the American Pharmacists Association?
Developing and maintaining the formulary
Where do PBMs operate as per the text?
Integrated healthcare systems
How many Americans did PBMs manage pharmacy benefits for as of 2016?
266 million
Who do PBMs negotiate discounts and rebates with according to the text?
Drug manufacturers
In 2017, what did the revenue of the largest PBMs indicate about their role in healthcare?
Their increasingly large role in healthcare
What does management refer to?
Administration of organizations
What does the term 'management' also refer to?
Those who manage an organization
What are the activities included in management?
Setting strategy and coordinating efforts
What concepts are used in management to differentiate between continued delivery and adapting to changing needs?
Run the business and Change the business
What is the science of managing the resources of businesses, governments, and other organizations called?
Management
Test your knowledge about Pharmacy Benefit Managers (PBMs) in the United States with this informative quiz. Learn about their role in prescription drug programs, their responsibilities, and their impact on healthcare plans.
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