Well folks, Rite Aid is back in the game of pharmacy benefit management! The sale of EnvisonRx, a mid-sized privately-held PBM with approximately 10 million lives under management, was announced today. Rite Aid will make the acquisition at a purchase price of $2 billion, made up of $1.8 billion in cash and $200 million in […]

A PBM’s formulary holds the “keys to the kingdom” when it comes to reducing prescription drug costs for a plan sponsor. A formulary is a list of drugs that is developed and maintained by a PBM for use by their clients. It determine what drugs are considered preferred (thus requiring a lower member co-payment) and […]