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 2019–FY 2025. 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 2019–FY 2025 profile window.
Latest closed fiscal year$729.18M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $409.56M | 316 | 39 | 24 | — |
| FY 2020 | $369.09M | 327 | 41 | 21 | −9.9% |
| FY 2021 | $546.44M | 339 | 42 | 57 | +48.0% |
| FY 2022 | $621.49M | 439 | 42 | 58 | +13.7% |
| FY 2023 | $573.08M | 430 | 44 | 62 | −7.8% |
| FY 2024 | $800.05M | 417 | 44 | 63 | +39.6% |
| FY 2025 | $729.18M | 423 | 38 | 68 | −8.9% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2019–FY 2025.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | $2.36B | 861 | 18 | 58.3% |
| DEFENSE HEALTH AGENCY (DHA) | 97DH | $707.24M | 218 | 3 | 17.5% |
| FEDERAL EMERGENCY MANAGEMENT AGENCY | 7022 | $251.08M | 114 | 5 | 6.2% |
| HEALTH RESOURCES AND SERVICES ADMINISTRATION | 7526 | $241.97M | 54 | 4 | 6.0% |
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $209.78M | 203 | 10 | 5.2% |
| PEACE CORPS | 1145 | $39.81M | 38 | 2 | 1.0% |
| DEPT OF THE NAVY | 1700 | $37.20M | 30 | 2 | 0.9% |
| OFFICE OF PERSONNEL MANAGEMENT | 2400 | $31.46M | 34 | 1 | 0.8% |
| DEPT OF THE ARMY | 2100 | $24.72M | 95 | 6 | 0.6% |
| CENTERS FOR MEDICARE AND MEDICAID SERVICES | 7530 | $23.56M | 103 | 6 | 0.6% |
05 / Contracting Offices
Which contracting offices buy in NAICS 524292?
Ranked by net obligations during FY 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| STRATEGIC ACQUISITION CENTER FREDERICKSBURG (36C10G) | 36C10G | VETERANS AFFAIRS, DEPARTMENT OF | $1.77B | 149 | 5 | 43.7% |
| DEFENSE HEALTH AGENCY | HT9402 | DEFENSE HEALTH AGENCY (DHA) | $703.88M | 211 | 2 | 17.4% |
| COMMODITIES & SERVICES ACQUISITION SERVICE (36C791) | 36C791 | VETERANS AFFAIRS, DEPARTMENT OF | $557.43M | 35 | 3 | 13.8% |
| HRSA HEADQUARTERS | 75R602 | HEALTH RESOURCES AND SERVICES ADMINISTRATION | $241.97M | 54 | 4 | 6.0% |
| MITIGATION SECTION(MIT60) | 70FA60 | FEDERAL EMERGENCY MANAGEMENT AGENCY | $234.11M | 94 | 3 | 5.8% |
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $209.78M | 203 | 10 | 5.2% |
| PEACE CORPS OACM | 1145PC | PEACE CORPS | $39.81M | 38 | 2 | 1.0% |
| NAVSUP FLT LOG CTR NORFOLK | N00189 | DEPT OF THE NAVY | $37.20M | 30 | 2 | 0.9% |
| OPM DELEGATED PROCUREMENT OFFICES | 243625 | OFFICE OF PERSONNEL MANAGEMENT | $29.04M | 4 | 1 | 0.7% |
| OFC OF ACQUISITION AND GRANTS MGMT | 75FCMC | CENTERS FOR MEDICARE AND MEDICAID SERVICES | $23.56M | 103 | 6 | 0.6% |
06 / Top Vendors
Which contractors lead the NAICS 524292 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| TRIWEST HEALTHCARE ALLIANCE CORP. | $1.11B | 70 | 1 | 27.3% | Sep 30, 2025 |
| SIGNATURE CHOICE LLC | $538.45M | 50 | 1 | 13.3% | Aug 14, 2024 |
| OPTUMRX ADMINISTRATIVE SERVICES, LLC | $424.61M | 19 | 1 | 10.5% | Jun 24, 2025 |
| WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION | $424.39M | 142 | 1 | 10.5% | Sep 30, 2025 |
| INTERNATIONAL SOS GOVERNMENT SERVICES, INC. | $279.50M | 69 | 1 | 6.9% | Mar 25, 2025 |
| SIGNATURE CHOICE II, LLC | $202.45M | 13 | 1 | 5.0% | Sep 29, 2025 |
| TORRENT TECHNOLOGIES INC | $193.87M | 75 | 1 | 4.8% | May 30, 2025 |
| SERCO INC. | $178.83M | 58 | 1 | 4.4% | Nov 20, 2024 |
| OPTUMSERVE TECHNOLOGY SERVICES, INC. | $131.38M | 28 | 1 | 3.2% | May 27, 2025 |
| UNITED HEALTHCARE SERVICES, INC. | $95.48M | 24 | 2 | 2.4% | May 5, 2025 |
07 / Product and Service Mix
What products and services are purchased under NAICS 524292?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| Q999 | MEDICAL- OTHER | $1.36B | 262 | 8 | 33.6% |
| R499 | SUPPORT- PROFESSIONAL: OTHER | $1.05B | 438 | 23 | 25.9% |
| R408 | SUPPORT- PROFESSIONAL: PROGRAM MANAGEMENT/SUPPORT | $477.98M | 299 | 14 | 11.8% |
| Q201 | MEDICAL- GENERAL HEALTH CARE | $454.02M | 151 | 3 | 11.2% |
| Q701 | SPECIALIZED MEDICAL SUPPORT | $242.15M | 66 | 6 | 6.0% |
| G008 | SOCIAL- GOVERNMENT INSURANCE PROGRAMS: OTHER | $241.93M | 147 | 8 | 6.0% |
| R711 | SUPPORT- MANAGEMENT: BANKING | $63.32M | 487 | 1 | 1.6% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $62.84M | 238 | 12 | 1.6% |
| G007 | SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS | $24.09M | 29 | 6 | 0.6% |
| R699 | SUPPORT- ADMINISTRATIVE: OTHER | $23.44M | 122 | 11 | 0.6% |
08 / Buying Pattern
How does the government buy in NAICS 524292?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $3.25B | 1,659 |
| DEFINITIVE CONTRACT | $740.29M | 626 |
| BPA CALL | $25.27M | 245 |
| PURCHASE ORDER | $31.05M | 161 |
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 $4.05B market as addressable.