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National Employee Benefit Starts PBM

By Staff Writer

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NU Online News Service, March 11, 2004, 5:23 p.m. EST – National Employee Benefit Companies Inc., Warwick, R.I., has set up a pharmacy benefits management division.[@@]

National Employee, a benefits wholesale brokerage and plan administrator, is calling the PBM unit IdealScripts.

The unit will help customers get discounts from drug manufacturers and retail pharmacies. The unit also will help manage mail-order drug services, claims adjudication and preferred drug lists.

National Employee says it will continue to work with other pharmacy benefit managers when customers choose to use outside vendors.