Business Details
32 Years
experience
Your Trusted Pharmacy Benefit Management Partner in Lanham, MD
Founded in 1994, Direct Pharmacy Service, Inc. (DPSI) has established itself as a leader in pharmacy benefit management. Our mission centers on delivering custom prescription drug benefit solutions with a focus on efficiency, accuracy, and excellence. With decades of experience in healthcare and mail-order pharmacy operations, we have cultivated long-term partnerships with industry leaders, enabling us to provide nationwide pharmacy network access. Our transition from a Small Disadvantaged Business to a dedicated PBM reflects our commitment to innovation and client-centric service.We serve diverse clients including health plans, government agencies, and labor unions, offering tailored solutions that balance cost savings with medication accessibility. Our expertise in formulary design, rebate negotiations, and program management positions us as trusted advisors in optimizing prescription benefit programs.
Services
Prescription Benefit Solutions
Formulary Development
Cost Reduction Strategies
Account Management
PPE Supply
Details
- Year established: 1994
Highlights and features
- We offer 28 years of specialized pharmacy benefit management expertise
- Our nationwide provider network ensures reliable medication access
- Dedicated account teams address unique client requirements
- Proven cost savings of 15-28% through strategic plan design
- Former Small Disadvantaged Business with established industry relationships
Services
Prescription Benefit Management
We provide comprehensive pharmacy benefit management services including formulary development, claims processing, and rebate negotiations. Our solutions help clients achieve 15-28% program cost savings while maintaining medication access through nationwide provider networks. With dedicated account teams, we create customized plans tailored to specific organizational needs.
Formulary Development
Our formulary development services optimize medication coverage while controlling costs. We analyze drug utilization patterns and negotiate manufacturer rebates to create cost-effective formularies. This strategic approach helps clients balance financial objectives with therapeutic effectiveness, ensuring members receive appropriate medication options through our extensive pharmacy network.
Cost Reduction Strategies
We implement targeted cost reduction strategies that deliver 15-28% savings on prescription programs. Through plan design optimization and network pharmacy negotiations, we identify savings opportunities without compromising medication access. Our approach combines industry expertise with data-driven analysis to create sustainable financial benefits for clients.
Account Management
Our dedicated account teams provide personalized support for health plans, government agencies, and employers. With deep industry knowledge, we develop customized solutions that address specific organizational challenges. This client-focused approach ensures ongoing program optimization and responsive service delivery tailored to each client's unique requirements.
PPE Supply
During the COVID-19 pandemic, we expanded to supply essential personal protective equipment. Our product range includes N95 masks, face shields, gloves, and rapid test kits at fair pricing. This service supports healthcare providers and communities with reliable access to critical protective supplies through our established distribution network.
Questions
What is a Pharmacy Benefit Manager (PBM)?
A PBM administers prescription drug programs, processes claims, develops formularies, and negotiates discounts with pharmacies and manufacturers.
How do you help clients reduce costs?
We deliver 15-28% savings through strategic plan design, formulary optimization, and negotiated pharmacy network discounts tailored to client needs.
What clients do you serve?
We work with health plans, government agencies, labor unions, and employers of all sizes to create customized pharmacy benefit solutions.
Do you offer PPE supplies?
Yes, we provide essential PPE including N95 masks, gloves, and rapid test kits at competitive pricing during the pandemic.
