Barry Sloane, Newtek’s CEO, discusses how PBMs help his company reduce Rx costs and improve access

Florida-based Newtek Business Solutions is a business development company that helps small and midsize businesses run their operations. Newtek serves the IT, HR, financial and customer service needs of their 100,000 customers. Newtek is a publicly traded company that has been in business for two decades and has more than 400 employees.

“The most important part of controlling drug prices is competition. Pharmacy benefits managers actually create that competition. Pharmacy benefit managers are important to our employees because they give our staff choice, convenience at an affordable price.” -Barry Sloane