Employer-Led Group Purchasing Coalition Selects EnvisionRx as Alternative to Traditional Pharmacy Benefit Management Choices

Employers and self-funded plans can now opt to use a fully
transparent, customizable PBM

Patients will receive the attention they deserve with new ways to
save and a condition-specific, high-touch care model

CANTON, Ohio–(BUSINESS WIRE)–After an extensive search, Employers Health, a national coalition of
employers and other self-funded plan sponsors, has selected EnvisionRx
as a preferred pharmacy benefit manager (PBM). EnvisionRx is the newest
option, joining OptumRx and CVS Health in providing prescription
benefits for more than 215 employers in the Employers Health coalition,
caring for more than one-million patients across the United States.

The unique model offered by EnvisionRx ‘passes through’ drug rebates and
negotiated discounts on drug prices to the company’s employer clients,
providing Employers Health member companies with the option to receive
rebates at the point of sale. As a result, plan sponsors have better
clarity on their drug spending and receive the benefit of continuous
contractual improvements. When combined with the added support of
Employers Health’s account management, clinical, legal and analytics
teams, this relationship offers a unique alternative for coalition
members.

“As we strive to reduce rising health care costs for plan sponsors and
their participants, we are excited to add EnvisionRx to our already
impressive group-purchasing offerings. EnvisionRx is a unique PBM option
for plan sponsors looking for a more straight-forward approach to
managing their pharmacy costs, while benefiting from the purchasing
scale of Employers Health, and added flexibility, such as point-of-sale
rebates and multiple contract models,” stated Employers Health CEO,
Chris Goff.

In 2001, EnvisionRx was founded on the idea of transparency. The PBM has
a patented point-of-sale rebate technology that many of its commercial
clients successfully utilize to share rebates with patients at the point
of sale. As regulations to mandate the use of point-of-sale rebates for
government-sponsored health plans are currently being debated,
EnvisionRx has significant experience with point-of-sale rebates and
offers plan sponsors an option that is already compliant with proposed
legislation.

“EnvisionRx looks forward to offering our common-sense approach to the
coalition members of Employers Health,” said Bill Epling, president of
EnvisionRxOptions. “We help employers gain clarity into their true drug
spend. While other PBMs try to position rebates and discounts as
‘savings,’ their approach often results in unnecessary spending and can
sometimes make it more difficult for patients to get access to the
medications they need. EnvisionRx ensures that patients receive the
right drug, at the right time and the right cost.”

Employers Health Chief Marketing Officer, Mike Stull, added, “Because we
know one size doesn’t fit all, this addition provides another unique
model for self-insured employers seeking a new PBM. As a fully
integrated PBM with its own claims adjudication system, a high-touch
approach to specialty management and a willingness to be flexible,
EnvisionRx is able to provide our employers with prescription benefits
that meet the unique needs of their business, employees and families, at
a lower cost.”

About Employers Health

Founded in 1983, Employers Health provides aligned, independent and
transparent resources, tools and expertise to help plan sponsors deliver
access to high-quality health benefits at a sustainable cost. Employers
and plan sponsors benefit from Employers Health’s group purchasing
opportunities for pharmacy, medical, EAP services, dental and vision
benefits. Employers Health began group purchasing for pharmacy benefit
management services in 1995, making it one of the oldest and most
established employer-founded group purchasing coalitions in the country.
Today, more than 250 employer-members in 34 states participate in our
group purchasing programs for pharmacy benefits through CVS Health,
OptumRx and EnvisionRx. To learn more about Employers Health, visit
employershealthco.com.

About EnvisionRx

EnvisionRx is a division of EnvisionRxOptions, a pharmacy benefits and
services company and wholly owned subsidiary of Rite Aid. URAC
accredited for Pharmacy Benefit Management (PBM) and Drug Therapy
Management (DTM), EnvisionRx provides affordable and effective
prescription drug coverage for employers and health plans. The first PBM
to offer true transparency, EnvisionRx provides flexible, customizable
services, such as traditional and pass-through pricing, unique network
and formulary design, and specialty pharmacy care. Using its proprietary
EnvisionCare model, EnvisionRx optimizes all aspects of the pharmacy
care experience to consistently achieve better patient and plan
outcomes. For more information, visit envisionrx.com.

Contacts

Employers Health Contact:
Emily Clevenger
Marketing
Executive and Team Lead
[email protected]
330-639-2292

EnvisionRx Contact:
Jan Luongo, APR
Sr. Director
Content & Communications
[email protected]
234-212-3778

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