Pharmacy benefit management is a system that many say is broken. Traditional, vertically integrated PBMs lack alignment with payers and patients in a system that is complex, opaque and secretive, say many of the smaller and midsize PBMs that Formulary Watch and Managed Healthcare Executive ( MHE ) have spoken with for an effort to create a PBM directory. Several common themes emerged from our survey.

In this series on the PBM industry, we’ll highlight several of them. Last week, we addressed state PBM reform efforts that are filling a void left by inaction on the federal level.

In this story, we are turning our attention to transparency. “Transparency is not just a buzzword in the PBM space,” said Justin Jasniewski, CEO of Serve You Rx, one upstart PBMs that is positioning itself

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