Top DoD pharmacy benefit management and other third party administration of insurance and pension funds contractors
In the 12 months ending Oct 5, 2026, the Department of Defense obligated $47.2M in net prime contract dollars under NAICS 524292, up 7.8% from $43.7M in the preceding 12 months. 4 prime contractors received positive obligations, and 2 of them accounted for 80% of that spend.
Prime contracts funded by the Department of Defense. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
DoD publishes contract data to USAspending with a 90-day delay, so the most recent months understate DoD activity.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top DoD contractors for NAICS 524292
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Wisconsin Physicians Service Insurance Corp. | $42.2M | $42.4M | 77.1% | — |
| 2 | Consumer Capital Group Corp. | $11.1M | $5.9M | 20.2% | — |
| 3 | Defense Collaboration Group LLC | $924K | $977K | 1.7% | ▲ 2 |
| 4 | Healthequity, Inc. | $550K | $1.9M | 1.0% | — |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- International SOS Government Services LLC−$9.4M → $0 (+$9.4M) · no latest-period obligations
- Consumer Capital Group Corp.$5.9M → $11.1M (+$5.2M) · now #2
Largest declines
- Paragon Benefits, Inc.$2.0M → −$7.5M (−$9.6M) · no latest-period obligations
- Healthequity, Inc.$1.9M → $550K (−$1.3M) · now #4
- Wisconsin Physicians Service Insurance Corp.$42.4M → $42.2M (−$214K) · now #1
Where the money comes from
Funding sub-agencies within the Department of Defense, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Defense Health Agency | $42.2M | $33.0M | Up $9.2M (27.9%) |
| Department of the Navy | $3.5M | $8.5M | Down $5.0M (58.6%) |
| Department of the Army | $931K | $994K | Down $63K (6.3%) |
| Defense Finance and Accounting Service | $520K | $1.3M | Down $748K (59.0%) |
| Washington Headquarters Services | $9K | $11K | Down $3K (24.9%) |
| Department of the Air Force | $5K | $13K | Down $8K (59.6%) |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| N0018925CZ008 | Consumer Capital Group Corp. MEDICAL EXPENSES | $16.9M | Dec 31, 2026 |
| HT940221C0005 | Wisconsin Physicians Service Insurance Corp. TRICARE MEDICARE ELIGIBLE PROGRAM (TMEP) SERVICES | $223.2M | Apr 30, 2027 |
Common questions
Who are the top DoD contractors for NAICS 524292?
In the latest 12 months, Wisconsin Physicians Service Insurance Corp. ($42.2M), Consumer Capital Group Corp. ($11.1M), Defense Collaboration Group LLC ($924K) received the most DoD obligations for pharmacy benefit management and other third party administration of insurance and pension funds.
How concentrated is this market?
The eight largest primes held 100.0% of positive obligations, and Wisconsin Physicians Service Insurance Corp. alone held 77.1%. 0 contractors won their first obligations in this market during the latest 12 months.
Are any large DoD NAICS 524292 contracts ending soon?
2 of the largest awards in this market reach their current end date in the next 18 months. The first is N0018925CZ008 (Consumer Capital Group Corp., $16.9M obligated), ending Dec 31, 2026. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
NAICS 524292 across all agencies
VA · NAICS 524292
$975.1MDHS · NAICS 524292
$68.1MFigures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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