Rite Aid To Start PBM With Third-Party Vendor
This article was originally published in The Pink Sheet Daily
Executive Summary
Rite Aid is in negotiations with potential partners to establish a pharmacy benefit management subsidiary, CEO Sammons says. The PBM division would accommodate managed care plan mail order prescriptions with a third party providing claims adjudication and mail order services.
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Rite Aid Picks ProCare Rx As PBM Administrative Services Partner
ProCare will perform claims adjudication, drug formulary management, network management and member services for Rite Aid’s PBM. Responsibility for mail order services is yet to be determined, ProCare says. The PBM will not offer mandatory mail, but will offer “mail order capabilities for clients who require them.”