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National Employee Benefit Starts PBM

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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.

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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.