What is the main focus of the "pharmacy benefit management" accreditation by URAC?

The main focus of the "pharmacy benefit management" accreditation by URAC is on evaluating the management of prescription drug benefits within health plans. This involves assessing how well a health plan administers its prescription drug benefits to ensure that members receive appropriate medications while managing costs effectively.

Pharmacy benefit management encompasses various processes, including formulary management, utilization management, patient care services, and claim processing. Accreditation in this area signifies that a health plan meets established standards for providing equitable access to medications, promoting patient safety, and ensuring adherence to best practices in managing pharmaceutical benefits.

In terms of the context of the other options, managing hospital pharmacy practices is related but specific to institutional settings rather than health plans. Evaluating the distribution of pharmaceutical products and overseeing medication inventory management also deal with aspects outside the primary scope of pharmacy benefit management, which is centrally focused on the management of prescription benefits rather than the logistics of drug distribution or inventory control.