Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

This U.S. industry comprises establishments primarily engaged in providing pharmacy benefit management (PBM) services and other third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee benefit plans, and self-insurance funds.

Managing the portfolio assets (i.e., funds) of others--are classified in Industry 523940, Portfolio Management and Investment Advice; Initially underwriting health and medical insurance policies--are classified in U.S. Industry 524114, Direct Health and Medical Insurance Carriers; Retailing prescription and nonprescription drugs and medicines--are classified in Industry 456110, Pharmacies and Drug Retailers; Providing insurance actuarial services--are classified in U.S. Industry 524298, All Other Insurance Related Activities; and Providing actuarial consulting services--are classified in U.S. Industry 541612, Human Resources Consulting Services.