Module 5: PBM Contracts

Module 5: PBM Contracts
Tyrone Squires, MBA, CPBS

Managing Director at


About the Course

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 certificate 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.

Course Learning Objectives
  • 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.
Continuing Education Credits
The PBM Contracts certificate course is eligible for CE in most states. Check your state’s CE approval requirements and rules for self-study programs prior to purchasing the course.
SHRM Credits

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

HRCI Credits
The use of the HRCI seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Online Cost

The cost of the PBM Contracts certificate course is $525 for members and $595 for non-members which includes online instruction, a final exam, training guide, and continuing education credits, if applicable. Upon completion, the student will receive a certificate of completion for PBM Contracts. There are no refunds for any self-study programs. Discounts are offered to PBIA Corporate Partners and company groups over 25. Please contact for a quote.

Online Format

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.

CPBS® Designation Elective

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.

Have Questions?

Contact Student Services with questions or comments at 866-499-1940 ext. 244 or