RxAdvance Names Terry Ramey as EVP, Business Development and Client Engagement

Proquest LLC

RxAdvance has expanded its executive management team with another industry veteran, Terry A. Ramey, who joins as Executive Vice President, Business Development and Client Engagement.

According to a release from the company, Terry A. Ramey, Executive Vice President, Business Development and Client Engagement, is responsible for all RxAdvance's Sales and client relationship management. In addition, he will be instrumental in continuing to build upon RxAdvance's strategic alliances to meet the evolving needs of the healthcare market place.

Prior to joining RxAdvance, Ramey was EVP, CAO for HVHC, a subsidiary of Highmark Health Plan, focused on the integration of Highmark's vision care businesses. HVHC is a full service national vision care provider that manufactures, distributes and provides managed care services for over 18M members. While at HVHC, Ramey and his leadership team built and initiated the roll-out of a fully integrated retail/practice management solution for the retail business. Prior to HVHC, Ramey was the VP, Operations and Client Services for PerformRx. While at PerformRx, Ramey was responsible for all service operations, client engagement, network development and clinical services and was instrumental in the expansion of PerformRx to the external Commercial, Medicaid and Medicare markets.

"The PBM industry is known for 'business as usual' and has been challenged to bring real value to plan sponsors. The PBM space is filled with multiple, fragmented, inflexible, and homegrown legacy systems that are expensive to operate and unable to provide desired outcomes at the point of care and point of sale," says Ravi Ika, Founder and CEO of RxAdvance. Ika adds, "Healthcare reform adds additional pressure on the plan sponsor's PBM to demonstrate effective prescription benefit management through reduced adverse drug effects, better medication therapy management, improved prescription adherence, reduced fraud and abuse, increased usage of generics, and optimal usage of specialty medications. Such value- added services require us to think outside the box and achieve the highest degree of sophistication within RxAdvance." Ika says, "Terry brings such extensive experience in innovative business process re- engineering and a game changing approach to collaborative customer engagement."

More information and complete details:

www.rxadvance.com