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Rite Aid PBM Contractor Employs “Lowest Net Cost” Instead Of Rebate Model

Executive Summary

Rite Aid pharmacy benefit management plan designs could include five-tiered formularies and use of preferred pharmacies as part of its contractor's "lowest net cost" business plan

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Rite Aid names its PBM

Rite Aid's pharmacy benefit management division is called Rite Health Solutions. The company is re-entering the PBM market through an agreement with ProCare Rx, which will provide administrative services (1"The Pink Sheet" May 9, 2005, p. 17)...

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