Pass-Through vs Traditional PBM Pricing: A Plain-English Guide
Pass-through and traditional (spread) PBM pricing are the two business models pharmacy benefit managers operate under. This guide explains how each works and how to verify your contract.
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TeliosRx supports brokers, employers, third-party administrators, and other payers to engineer smarter pharmacy benefit solutions. We optimize your PBM strategy through actionable insights, driven by data and clinical expertise.

Typical Pharmacy Spend Savings
PBM Commissions Accepted
Years of Pharmacy Benefits Leadership
TeliosRx stands apart through independence, integrity, and insight. Our approach is collaborative, evidence-based, and built for your success.
No PBM conflicts, no hidden incentives. Only your best interests.
Measurable results that deliver value and reduce pharmacy spend.
Evidence-based recommendations powered by deep analytics.
Rooted in the meaning of "Telios" – complete and perfect – TeliosRx is your strategic partner in a rapidly evolving healthcare landscape, guiding pharmacy benefits to their fullest, most resilient potential.
We deliver results that redefine expectations and strengthen trust.
"They caught spread pricing on our generics that the PBM swore wasn't there. Recovered six figures and a renegotiated MAC methodology."
"Their reconciliation found a $42,000 rebate gap we would never have seen. The audit paid for the engagement five times over."
"Our GLP-1 spend grew 220% in one year. TeliosRx built our coverage policy in three weeks and stopped the bleed."
… and many more. Get in touch to read additional client references.
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