Pharmacy PSAO (Pharmacy Services Administrative Organization) refers to a third-party organization that acts as an intermediary between pharmacies and Pharmacy Benefit Managers (PBMs) or health insurance plans. PSAOs provide a range of administrative and business services to independent pharmacies, enabling them to more effectively manage relationships with PBMs, negotiate reimbursement rates, and streamline operational processes. Pharmacy PSAOs play a crucial role in enhancing the business operations of independent pharmacies by helping them manage relationships with PBMs, negotiate better terms, and ensure compliance with regulatory requirements.
