Which of the following best describes the role of pharmacy benefits managers?

The role of pharmacy benefits managers (PBMs) encompasses a broader range of responsibilities than just negotiating drug prices. While negotiating drug prices with manufacturers is one aspect of what PBMs do, their primary function is to manage the delivery of pharmacy benefits. This involves developing and maintaining formularies, processing prescriptions, and ensuring that patients have access to necessary medications while also striving to control costs for health plans and employers.

In addition to these responsibilities, PBMs implement various programs aimed at improving medication adherence, ensuring safe and appropriate drug use, and enhancing overall quality of care. They work closely with pharmacies, healthcare providers, and insurers to facilitate the effective distribution of medications and to navigate the complexities of drug coverage.

The other options reflect roles that are not aligned with the core functions of PBMs. For instance, they do not engage in the manufacturing of pharmaceuticals or operate retail pharmacies, which are distinctly separate processes within the healthcare system. This makes the selection of the answer that recognizes the management of pharmacy benefit delivery as the best descriptor of PBMs’ role not only appropriate but essential for understanding how they fit within healthcare.