01 / NAICS Market Profile
NAICS 524292 Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds Federal Contracts
North American Industry Classification System code 524292
Federal contract activity classified under Pharmacy Benefit Management And Other Third Party Administration Of Insurance And Pension Funds across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 524292 federal market?
03 / Spending Trend
NAICS 524292 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$1.19B
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $366.61M | 319 | 41 | 21 | — |
| FY 2021 | $545.78M | 336 | 42 | 57 | +48.9% |
| FY 2022 | $621.13M | 434 | 42 | 58 | +13.8% |
| FY 2023 | $573.14M | 427 | 44 | 62 | −7.7% |
| FY 2024 | $799.25M | 415 | 44 | 63 | +39.5% |
| FY 2025 | $729.18M | 422 | 38 | 67 | −8.8% |
| FY 2026 | $1.19B | 426 | 38 | 58 | +62.9% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2020–FY 2026.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | $3.22B | 909 | 20 | 66.7% |
| DEFENSE HEALTH AGENCY (DHA) | 97DH | $597.75M | 229 | 3 | 12.4% |
| HEALTH RESOURCES AND SERVICES ADMINISTRATION | 7526 | $240.61M | 55 | 4 | 5.0% |
| FEDERAL EMERGENCY MANAGEMENT AGENCY | 7022 | $237.85M | 115 | 5 | 4.9% |
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $182.59M | 149 | 9 | 3.8% |
| OFFICE OF PERSONNEL MANAGEMENT | 2400 | $54.46M | 37 | 1 | 1.1% |
| U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT | 7012 | $50.52M | 22 | 2 | 1.0% |
| DEPT OF THE NAVY | 1700 | $39.88M | 32 | 2 | 0.8% |
| PEACE CORPS | 1145 | $38.22M | 36 | 2 | 0.8% |
| CENTERS FOR DISEASE CONTROL AND PREVENTION | 7523 | $29.35M | 32 | 4 | 0.6% |
05 / Contracting Offices
Which contracting offices buy in NAICS 524292?
Ranked by net obligations during FY 2020–FY 2026.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| STRATEGIC ACQUISITION CENTER FREDERICKSBURG (36C10G) | 36C10G | VETERANS AFFAIRS, DEPARTMENT OF | $2.24B | 181 | 5 | 46.5% |
| COMMODITIES & SERVICES ACQUISITION SERVICE (36C791) | 36C791 | VETERANS AFFAIRS, DEPARTMENT OF | $930.36M | 28 | 2 | 19.3% |
| DEFENSE HEALTH AGENCY | HT9402 | DEFENSE HEALTH AGENCY (DHA) | $594.39M | 222 | 2 | 12.3% |
| HRSA HEADQUARTERS | 75R602 | HEALTH RESOURCES AND SERVICES ADMINISTRATION | $240.61M | 55 | 4 | 5.0% |
| MITIGATION SECTION(MIT60) | 70FA60 | FEDERAL EMERGENCY MANAGEMENT AGENCY | $220.87M | 94 | 3 | 4.6% |
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $182.59M | 149 | 9 | 3.8% |
| OPM DELEGATED PROCUREMENT OFFICES | 243625 | OFFICE OF PERSONNEL MANAGEMENT | $52.04M | 7 | 1 | 1.1% |
| DETENTION COMPLIANCE AND REMOVALS | 70CDCR | U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT | $50.15M | 8 | 1 | 1.0% |
| NAVSUP FLT LOG CTR NORFOLK | N00189 | DEPT OF THE NAVY | $39.88M | 32 | 2 | 0.8% |
| PEACE CORPS OACM | 1145PC | PEACE CORPS | $38.22M | 36 | 2 | 0.8% |
06 / Top Vendors
Which contractors lead the NAICS 524292 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| TRIWEST HEALTHCARE ALLIANCE CORP. | $1.46B | 89 | 1 | 30.3% | Sep 30, 2026 |
| OPTUMRX ADMINISTRATIVE SERVICES, LLC | $933.33M | 23 | 1 | 19.4% | Aug 26, 2026 |
| SIGNATURE CHOICE LLC | $426.41M | 42 | 1 | 8.8% | Aug 14, 2024 |
| WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION | $411.28M | 177 | 1 | 8.5% | Jul 13, 2026 |
| SIGNATURE CHOICE II, LLC | $328.88M | 27 | 1 | 6.8% | Sep 28, 2026 |
| INTERNATIONAL SOS GOVERNMENT SERVICES, INC. | $183.11M | 45 | 1 | 3.8% | Mar 25, 2025 |
| SERCO INC. | $166.64M | 55 | 1 | 3.5% | Nov 20, 2024 |
| TORRENT TECHNOLOGIES INC | $158.07M | 73 | 1 | 3.3% | Jul 21, 2026 |
| OPTUMSERVE TECHNOLOGY SERVICES, INC. | $130.02M | 29 | 1 | 2.7% | Jun 11, 2026 |
| HEALTHEQUITY, INC. | $101.96M | 815 | 65 | 2.1% | Sep 26, 2026 |
07 / Product and Service Mix
What products and services are purchased under NAICS 524292?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| Q999 | MEDICAL- OTHER | $1.65B | 223 | 7 | 34.2% |
| R499 | SUPPORT- PROFESSIONAL: OTHER | $1.06B | 384 | 24 | 22.0% |
| R408 | SUPPORT- PROFESSIONAL: PROGRAM MANAGEMENT/SUPPORT | $987.22M | 320 | 11 | 20.5% |
| Q201 | MEDICAL- MANAGED HEALTHCARE | $409.53M | 182 | 3 | 8.5% |
| Q701 | SPECIALIZED MEDICAL SUPPORT | $240.78M | 65 | 6 | 5.0% |
| G008 | SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER | $228.76M | 148 | 8 | 4.7% |
| R711 | SUPPORT- MANAGEMENT: BANKING | $86.20M | 563 | 1 | 1.8% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $84.59M | 268 | 13 | 1.8% |
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $22.39M | 50 | 5 | 0.5% |
| R699 | SUPPORT- ADMINISTRATIVE: OTHER | $19.96M | 111 | 11 | 0.4% |
08 / Buying Pattern
How does the government buy in NAICS 524292?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $3.94B | 1,676 |
| DEFINITIVE CONTRACT | $832.90M | 650 |
| BPA CALL | $30.62M | 286 |
| PURCHASE ORDER | $21.01M | 167 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 524292?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $4.82B market as addressable.