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."
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