Tyson Foods has switched from CVS’ Caremark as i
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Posted On: 01/25/2024 5:51:00 AM
Tyson Foods has switched from CVS’ Caremark as its pharmacy benefit manager, in an effort to lower the amount it spends on providing drug benefits to its 140,000 employees
The food giant chose Rightway, a PBM startup which works on a fee basis and guarantees employers it can save them 15% on pharmacy benefit costs
Small PBMs like Rightway have mostly worked with small and medium-sized employers.
Tyson will become one of the first Fortune 100 companies to work with an upstart PBM, at a time when the large pharmacy benefit mangers are under pressure for their business models.
The food giant chose Rightway, a PBM startup which works on a fee basis and guarantees employers it can save them 15% on pharmacy benefit costs
Small PBMs like Rightway have mostly worked with small and medium-sized employers.
Tyson will become one of the first Fortune 100 companies to work with an upstart PBM, at a time when the large pharmacy benefit mangers are under pressure for their business models.
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