Industry Analysis & Industry Trends
Though it felt the recession's effects, the Pharmacy Benefit Management industry has recovered quickly and is poised to grow on the back of rising insurance coverage and increased physician visits, which will yield a higher number of prescriptions filled. As the median age of the US population continues to rise, more Americans will rely on medications, increasing demand for the industry's services from insurers and employer-sponsored coverage plans. As more patients choose generics over more expensive brand names, however, industry profit margins are expected to make little progress in the coming years.... purchase to read more
Industry Report - Industry Locations Chapter
In the Pharmacy Benefit Management industry, a widespread geographic reach is essential for the proper distribution of prescription drugs to retail pharmacies and other clients. In becoming a primary healthcare source for many healthcare organizations, industry establishments are more capable of negotiating with large insurance and pharmaceutical companies if they are able to present nationwide coverage and accessibility.
Easy access to markets has become a key to success because it allows industry firms to more easily take advantage of economies of scale. The strategic placement of a company's operations can decrease delivery costs, which allows a firm to not only offer more competitive prices but also improve its profit margins... purchase to read more