RICHMOND, Va. & TWINSBURG, Ohio--(BUSINESS WIRE)--
Virginia Premier Health Plan and Envision Pharmaceutical Services, Inc.,
today announced a multi-year agreement that establishes Envision as the
exclusive provider of pharmacy benefit management (PBM) services for
Virginia Premier’s 150,000 managed Medicaid members starting 7/1/2012.
The agreement is based on the pillars of pass-through pricing,
transparency and service that will allow Virginia Premier unprecedented
plan access and customization while achieving lower net costs.
“Virginia Premier is excited to move the pharmacy benefit program
forward. Flexibility and overall savings to the plan were key in making
the decision to use Envision.” Carl Gattuso, Chief Corporate Officer,
Virginia Commonwealth University Health System, parent company of
Virginia Premier Health Plan.
“Envision’s proven transparent, completely auditable conflict-free PBM
model, and fully aligned lowest net cost strategy delivers dramatic cost
savings that will only continue to improve over time as the
pharmaceutical marketplace evolves,” said Barry Katz, President,
Envision. “Our flexible plan design and customized approach aligns
perfectly with the goals and objectives of Virginia Premier Health Plan.”
About Virginia Premier Health Plan
Virginia Premier Health Plan, Inc., a Managed Care Organization (MCO)
owned by Virginia Commonwealth University Health System, began
operations as a full-service Medicaid MCO in August 1995. VPHP was
formed for the purpose of effectively coordinating health care for
low-income persons by delivering services that are quality-driven,
culturally-sensitive and financially-viable. Headquartered in Richmond,
VPHP has multiple satellite locations throughout the Commonwealth. For
more information, visit www.vapremier.com.
About Envision Pharmaceutical Services, Inc.
Established in 2001, Envision Pharmaceutical Services (also marketed as
EnvisionRxOptions) is a national, full-service pharmacy benefit
management (PBM) company. The company is part of a group of healthcare
management companies owned and operated by Envision Pharmaceutical
Holdings, Inc. (EPH), a privately held company. EPH subsidiaries include
Envision Insurance Company, a fully insured provider of Medicare Part D
Plans nationally, Envision Medical Solutions, Inc., an administrator of
prescription savings plans and Prescription Savings Cards, and Orchard
Pharmaceutical Services, Inc., a full-service mail order and specialty
drug pharmacy. Envision Pharmaceutical Services, Inc. was founded on a
commitment to provide full transparency and disclosure in the pharmacy
benefit management marketplace. The Company has been awarded the
Utilization Review Accreditation Commission (URAC) accreditations for
Pharmacy Benefit Management and Drug Therapy Management each year since
2007. Envision is headquartered in Twinsburg, Ohio, with offices in Fort
Lauderdale, Fla.; Tampa, Fla.; Canton, Ohio; and El Dorado Hills, Calif.
For more information about Envision visit www.envisionrx.com
or call 800-361-4542.
EnvisionRxOptions
Josh Paulen, MBA, 954-767-2645
jpaulen@envisionrx.com
Source: Envision Pharmaceutical Services, Inc.
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