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Pharmacy Use and Costs in Employer Provided Health Plans Rand  Form

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hello this is dr eric bricker with a healthcare z new year 2021 new video so let's get right back on the horse where we left off so pharmacy switch operators it's our topic for today now believe it or not between the pharmacy where you go to get your medication filled and the pbm there is a software service run by a couple of companies that's called a switch sometimes they call it a clearinghouse but the industry term for it is actually a switch and what that switch does is it allows the plan information from the pbm in regards to what medications are on formulary or not on formulary and what the particular copay or coinsurance is or if they even have a pharmacy deductible if that pharmacy deductible has an accumulator if they've reached that at all the pharmacy doesn't get that straight from the pbm they don't get it from express scripts they don't get it from cvs care mark what they do is they get it from this switching company now who are these switching companies well guess who own

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