Research and Markets: US Pharmacy Benefit Management (PBM) Industry Report: 2015 Edition
27 January 2015 - 7:07AM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/2sznrq/us_pharmacy) has
announced the addition of the "US Pharmacy Benefit Management (PBM)
Industry Report: 2014 Edition" report to their offering.
In the US, Pharmacy Benefit Management (PBM) deals with the
management of prescription drug programs. It acts as an
intermediary between health plans, drug companies, retail
pharmacies and patients. Initially, PBMs used to process
pharmaceutical claims for health plans. But nowadays in addition to
this, PBMs have created more significant pharmacy benefit' by
providing a system for reimbursement of drug claims, processing and
cost control. The US prescription volume and pharmaceutical sales
has witnessed an exceptional growth over the past few years and the
same pattern is likely to continue in the near future. Therefore,
through rebates from pharmaceutical manufacturers, price discounts
from retails, and effective mail service pharmacies, the PBMs
emphasis on enabling the plan sponsors and individuals to obtain
prescribed drugs at lower prices.
The PBM providers control drug spending and utilization by
virtue of their advanced tools and techniques, encouraging use of
generics and other lower-cost medications. In the US, there are
some independent PBM's while some are owned by managed care
organizations and retail pharmacies. Today, the PBM industry has
become more determined through a series of mergers and
acquisitions.
Some of the factors driving the growth of the PBM industry are:
accelerating US aging population, increasing life expectancy rate
and incidences of chronic and infectious diseases which further
increase the healthcare expenditure and pharmaceutical sales in the
US. The ongoing trends and development in the PBM industry include
rising medicare enrollments and increased acceptance of specialty
drugs.
This report assesses the US PBM industry in terms of both market
volume and market value. The increasing competition in the PBM
industry has been analyzed on number of factors: revenue,
dispensing specialty pharmaceuticals, claims and PDP lives. The top
three companies having a vicious competition with each other and
dominating the PBM industry are- Express Script, CVS Health and
Catamaran. These players are being profiled in the report along
with their key financials and strategies for growth.
Key Topics Covered:
1. Overview
1.1 Introduction
1.2 History of PBM
1.3 Retail Dispensing Process & Flow of Funds
1.4 Mail Dispensing Process and Flow of Funds
2. The US PBM Market
2.1 Rx Market
2.2 Pharmaceutical Sales
2.3 Specialty Drugs
3. Market Dynamics
3.1 Growth Drivers
3.2 Trends and Developments
3.3 Challenges
4. Competitive Landscape
5. Company Profiles
5.1 Express Script
5.2 CVS Health
5.3 Catamaran
For more information visit
http://www.researchandmarkets.com/research/2sznrq/us_pharmacy
Research and MarketsLaura Wood, Senior
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U.S.): +353-1-481-1716Sector: Pharmaceuticals