Pharmacy benefit manager. A specialty health care organization that serves thousands of client groups, including managed care companies, insurance carriers, third-party administrators, employers and union-sponsored benefit plans. These organizations specialize in pharmaceuticals and strive to contain the costs of prescription drugs while promoting more efficient, safer drug use.
Pharmacy Benefit Manager. An organization that provides administrative services in processing and analyzing prescription claims for pharmacy benefit and coverage programs. PBM services can include contracting with a network of pharmacies; establishing payment levels for provider pharmacies; negotiating rebate arrangements; developing and managing formularies, preferred drug lists, and prior authorization programs; maintaining patient compliance programs; performing drug utilization review; and operating disease management programs. Many PBMs also operate mail order pharmacies or have arrangements to include prescription availability through mail order pharmacies. PBMs are expected to play a key role in managing pharmacy benefit plans in the Medicare drug program.
Pharmacy Benefit Manager. A pharmacy benefit manager (PBM) is a third party administrator of a prescription drug program that is primarily responsible for processing and paying prescription drug claims. Technically, PBMs are private firms that contract with employers, insurers and public and private plan sponsors, but HMOs, managed care organizations, state governments, etc. also can function as PBMs.
Pharmacy Benefit Managers. Organizations that contract with insurers, employers or government agencies to administer pharmacy benefits to members. Pharmacy benefit managers are responsible for providing services while controlling expenditures.
Pharmacy Benefit Manager. This is the company that makes decisions about what drugs will be provided by a program such as Medicare Part D. The PBM may require that a less expensive medicine be tried by the patient or limit the quantity of pills available per month.
Abbreviation for Process Based Management, describing an implementation of ISO 9000-based Quality Control specification. This implementation uses a graphical method of describing manufacturing and business processes for which quality metrics are to be obtained for the purposes of managing and controlling those processes.
PBM is an American rock band based out of Detroit, Michigan. Founded in 1997 by lead singer Nate Castle and trumpet player Tom Torrento, PBM (Poor Boy Music) has released two full length albums - Overview (2003) and One Sip at a Time (2006).
The portable bitmap format is a flexible bitmap representation introduced by the PBMplus package. The PBMplus utilities allow for the conversion of PBM format files to and from almost anything else. The PBM format (and all the utilities) are described in the manpages that accompany the PBMplus toolkit distribution. The PBM toolkit and many other X11 graphics utilities can read and write PBM files (e.g. XV).