Module 5: PBM Contracts
Managing Director at
This is an intermediate to expert level course designed to cover relatively complex topics of pharmacy benefit management in order to provide the student with adequate foundational knowledge required for higher-level evaluation of RFPs, contracts, and overall PBM performance with emphasis on cost effectiveness. To that end, the following specific learning objectives will be achieved.
Knowing which account to use for each of your clients is critical and PBIA has created a new course to ensure you remain on the cutting edge of innovative new opportunities.
The PBIA PBM Contracts course brings all of this knowledge to one place and allows you to get the information you need through an online course. The course provides up to five hours of continuing education* and can be used as an elective for the Certified Pharmacy Benefits Specialist® (CPBS®) designation.
*Filed for continuing education in all states.
- Describe the elements of PBM contracts with pharmacies, manufacturers, and plan sponsors
- Discuss key stakeholders and contractual arrangements between pharmacies, manufacturers, pharmacy benefit managers, plan sponsors, and members.
- List important considerations of a pharmacy benefit management contract.
- Discuss important contracting considerations for plan sponsors.
- Design best practices for PBM contract pricing.
PBIA is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP®. This program is valid for up to 5 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
Course instruction will be delivered through GoToTraining. For everything you need to know from creating an account to purchasing and accessing your course to taking the final exam, click here to access the user guide.
The PBIA PBM Contracts Certificate course is an elective of the Certified Pharmacy Benefits Specialist® (CPBS®) designation. Earning the CPBS designation elevates your credibility as a professional and prepares you to climb the corporate ladder and best serve your clients or members. By completing the PBIA PBM Contracts Certificate course you will be one step closer to obtaining the designation. Click here to access more information about the CPBS designation, including the learning objectives and curriculum.