FBMC has established the following two tiered program to select Pharmacy Benefit Management Partners, and Preferred Pharmacy Benefit Management Partners.

The first tier selects Pharmacy Benefit Management Partners using set qualification standards. This tier is designed to weed out all companies that do not maintain FBMC’s stringent standards, industry standards, or provide the necessary initiatives that will satisfy our customers. For example, Pharmacy Benefit Management Partners must consistently analyze the Maximum Allowable Cost and the Average Wholesale Price to determine the best cost, be willing to proactively pursue contracts with retail sites that we identify, etc.

The final tier selects Preferred Pharmacy Benefit Management Partners using set experience qualification standards. If a Pharmacy Benefit Management Partner from the first tier not only meets, but exceeds all qualification standards within this tier they will achieve Preferred Pharmacy Benefit Management Partner status. The following are sample ratings that will be applied to enable FBMC Partners to elevate their status to that of Preferred Pharmacy Benefit Management Partners: Provide a proven step therapy management program, and are proactive in providing cost control recommendations, etc. 

Preferred Pharmacy Benefit Management Partners will be exhibited on the FBMC web site, and will be offered first rights to all new business, and renewal business opportunities.