Pharmacy Benefit Management Institute (PBMI)

What Pharmacy Benefit Management Institute (PBMI) does

PBMI is a membership-based research and educational organization dedicated to pharmacy benefit management, founded in 1995 and headquartered at 259 Prospect Plains Road, Building H, Cranbury, New Jersey. It operates as a wholly-owned subsidiary of MJH Life Sciences, a diversified healthcare media conglomerate. PBMI runs a non-software professional-services platform consisting of an annual national conference (the 30th edition held in 2025, with the 2026 conference scheduled for September in Orlando, Florida), a tiered corporate and associate membership program, on-demand and live webinars, training courses, the PBMI MAP (Market Access and Policy) Oncology Series, the complimentary weekly PBMI e-Newsletter, an annual Excellence Awards program, and a Career Center hosted on the STACK member portal (pbmi.managewithstack.com).

The organization's revenue mechanics rely on recurring annual membership subscriptions (corporate memberships for PBM organizations and associate memberships for plan sponsors, pharmaceutical manufacturers, data/technology providers, and consultants), conference sponsorship and attendance fees, paid and member-discounted webinars, and training and market-research campaign services. Content distribution is amplified through formal media partnerships with Managed Healthcare Executive (MHE), Formulary Watch, and Drug Topics — all part of the MJH Life Sciences network — which syndicate PBMI podcasts, provide complimentary MHE subscriptions to members, and extend audience reach across payers, PBMs, manufacturers, consultants, specialty pharmacies, and provider organizations. PBMI does not develop proprietary AI/ML products, software platforms, or APIs; its technology footprint is limited to a member web portal, Brightcove-hosted webinar playback, and newsletter/CRM infrastructure.

PBMI describes itself as the nation's only membership organization exclusively dedicated to helping healthcare purchasers maximize the value of their drug benefit plans, targeting a horizontal segmentation that spans PBMs, employers and employer groups, commercial health plans, pharmaceutical manufacturers, consultants and TPAs, IPAs/IDNs, and specialty pharmacies. Day-to-day leadership is provided by Executive Director Jeff Prescott, PharmD, alongside a team that includes Directors of Education Strategy, Marketing, and Professional Relations, Associate Directors of Sales and Promotional Project Management, National Accounts, and marketing and project management staff, with senior industry executives serving on a Steering Committee drawn from member organizations.

Name

Pharmacy Benefit Management Institute (PBMI)

Legal name

Pharmacy Benefit Management Institute

Website

https://pbmi.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

PBMI is a 30-year-old membership-based research and education organization serving pharmacy benefit managers, payers, employers, manufacturers, consultants, and specialty pharmacies with annual conferences, webinars, and training subscriptions.

Ownership category

akta.pro rank

Product category

Pharmacy Benefit Management Services

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Hospital & Medical Service Plans (6324)

akta.pro primary industry

Formulary Management & Clinical Pharmacy Programs (HLAEAKAA)

akta.pro secondary industry

Pharmacy Benefit Management (PBM) & Formulary Management IT (HLACAKAD)

Keywords

• Pharmacy benefit management
• Drug cost research
• Healthcare education services
• Pharmacy membership organization
• Managed care conferences

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Subscriptions: Corporate and associate memberships providing access to training courses, white papers, policy reporting, exclusive webinars, and member portal access. Two membership types: corporate memberships for PBM organizations, and associate memberships for plan sponsors, manufacturers, data/technology providers, and consultants.
2. Conference Revenue: Annual National Conference generates revenue through sponsorship, attendance fees, and exhibitor participation. Discounted rates provided to members.
3. Webinar Content: On-demand and upcoming webinar content available to members and non-members, featuring topics on pharma market trends, healthcare policy, PBM strategies, and oncology management.
4. Marketing Campaigns: Marketing campaign opportunities and market research services offered to members at discounted rates.
5. Training Portfolio: Training courses and educational materials available through membership with discounted member pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

PBMI is an independent research and educational membership organization that provides healthcare purchasers and pharmacy benefit management (PBM) professionals with research, training courses, webinars, white papers, policy reporting, and an annual national conference to advance best practices and drive marketplace changes in drug benefit management. Operating since 1995 as a subsidiary of MJH Life Sciences, PBMI sells corporate and associate memberships along with conference sponsorship and attendance to PBM organizations, plan sponsors, manufacturers, data/technology providers, and consultants.

Product overview

PBMI operates as a membership-based research and education organization (not a software product company) offering a suite of professional services including the Annual National Conference, webinars, membership with training resources, policy reporting, decision-support tools, and career services. The core offering is membership access providing research, education, and networking benefits to pharmacy benefit management stakeholders.

Differentiator

Problem solved

Functional benefit

Products and services

• PBMI Annual National Conference A world-class in-person annual meeting featuring industry leaders and subject matter experts discussing timely topics in pharmacy benefit management. Provides attendees opportunities for learning, engagement, and networking with key PBM industry stakeholders.
• PBMI Membership Program Annual membership program providing research, education, training courses, white papers, policy reporting, decision-support tools, and discounted rates for events and marketing campaigns. Offered in Corporate (for PBM organizations) and Associate (for plan sponsors, manufacturers, data/tech providers, and consultants) tiers.
• PBMI Webinars

Named customers3 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Managed Healthcare Executive (MHE)coreGTM or Marketing PartnerManaged Healthcare Executive is an official media partner of PBMI. It is a unique platform for both payers and PBMs speaking to shared interests in cost containment strategies that optimize patient experience and population health outcomes. MHE provides complimentary subscription to members and distributes PBMI podcast interviews.
• Formulary WatchcoreGTM or Marketing PartnerFormulary Watch is an official media partner of PBMI. It serves as an additional platform for reaching payers and PBMs with shared interests in cost containment and pharmacy benefit optimization. Part of the MJH Life Sciences network.
• Drug TopicsminorGTM or Marketing PartnerListed as an official media partner on the About Us page, providing additional media coverage and reach for PBMI content and events.
• MJH Life SciencescoreStrategic or Co-development PartnerParent company of PBMI. MJH Life Sciences is a healthcare media company providing publishing, events, and marketing services. The copyright notice indicates PBMI is owned by MJH Life Sciences (2026).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• America's Health Insurance Plans (AHIP): AHIP is the national trade association for health insurance providers, running conferences (e.g., AHIP Institute & Expo), policy research, and member programs. While not PBM-focused, its payer membership overlaps with PBMI's plan-sponsor and consultant segments and serves as a broader-incumbent alternative for healthcare benefit education.
• American Pharmacists Association (APhA): APhA is the largest national professional society of pharmacists, running the APhA Annual Meeting & Exposition and providing continuing pharmacy education. It sits adjacent to PBMI, with broad-pharmacy rather than PBM-specific focus, but it competes for pharmacist attention and continuing-education spend that PBMI also targets.
• National Association of Chain Drug Stores (NACDS): NACDS represents retail pharmacy chains and operates the NACDS Annual Meeting. It addresses pharmacy economics and PBM relationships that intersect PBMI's content, but its primary constituency (chain pharmacies) differs from PBMI's PBM-and-payer focus, placing it as a broader incumbent in the pharmacy industry conversation.

Emerging players

• World Congress (World Health Care Congress): World Congress hosts multi-stakeholder healthcare events covering PBMs, payers, and specialty pharmacy. It overlaps with PBMI's conference product on the buyer side and competes for sponsorship share in the PBM-education category.
• National Business Group on Health (NGBH): NGBH is a membership organization for large employers focused on healthcare benefits strategy, including pharmacy benefits. It speaks to one of PBMI's core segments (employers/employer groups) and competes for the same employer-side attention through conferences, research, and policy advocacy.

Direct peers

• Drug Channels Institute: Founded by Adam Fein, Drug Channels Institute produces the Drug Channels newsletter, the annual Drug Channels Outlook, and industry-relevant research on PBMs and pharmacy economics. It monetizes audience attention much the same way PBMI does — via paid membership subscriptions and sponsored events — and addresses the same PBM buyer.
• Pharmaceutical Care Management Association (PCMA): PCMA is the national trade association representing PBM companies. It operates in the same PBM ecosystem PBMI serves — organizing advocacy, research, and events around pharmacy benefit policy — and competes for the same PBM-side attention and sponsorship dollars.
• Academy of Managed Care Pharmacy (AMCP): AMCP is the largest national professional association of pharmacists and other healthcare professionals who serve patients through managed care. Like PBMI, it offers memberships, an annual meeting (AMCP Nexus, AMCP Annual), continuing education, and journal publications (Journal of Managed Care & Specialty Pharmacy), making it the closest peer in mission, audience, and monetization model.
• Asembia (Asembia Specialty Pharmacy Summit): Asembia operates one of the largest specialty pharmacy and pharmacy benefit conferences in the U.S., serving specialty pharmacies, PBMs, manufacturers, and health plans. It overlaps PBMI's stakeholder map heavily on the specialty pharmacy and manufacturer sides and competes for the same corporate sponsorships.

Others

• Drug Topics (MJH Life Sciences brand): Drug Topics is an MJH Life Sciences-affiliated pharmacy trade publication that lists PBMI as an official media partner. It is a sister property rather than a competitor, but it sits in the same pharmacy-media ecosystem and reaches overlapping PBMI audiences through shared editorial coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/the_pbmi
• LinkedInlinkedin.com/company/pharmacy-benefit-management-institute

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pharmacy Benefit Management Institute (PBMI)