PHARMACY BENEFIT MANAGEMENT AND OTHER THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (NAICS 524292) covers services for managing prescription drug programs and overseeing various insurance and pension funds. This sector saw approximately $20 million in federal spending across 94 contracts in FY24. Interestingly, this market features an equal number of vendors and agencies, with 24 entities from each side participating. This balance suggests a broad distribution of service providers, like Nelnet Servicing LLC and CACI Inc. Federal, across various governmental needs, rather than a concentration among a few major players.

NAICS

524292

Contracts

527

Vendors

55

Agencies

42