A DIVISION OF THE

Pharmaceutical Care Management Association

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What is a specialty drug?

Specialty drugs are best defined by the full range of each product’s attributes, rather than solely by cost and route of administration.

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What services do specialty pharmacies provide?

Specialty pharmacy services are designed for a small, but growing population of patients with relatively complex and chronic diseases that require expensive and challenging drug regimens.

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What is a PBM?

These drugs are best defined by the full range of each product's attributes, rather than solely by cost and route of administration.

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What is a formulary?

A formulary is a continually updated list of prescription drugs approved for reimbursement by the PBM’s payer client.

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What tools do PBMs use?

The total costs and utilization of specialty drugs will have a substantial impact on overall health care costs during the next decade.

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