Restat announces signing of PEBA as latest Align cost-plus pricing model client

Restat, the nation's largest independent pharmacy benefits manager has announced the signing of the Public Employee Benefits Alliance (PEBA) as its latest Align cost-plus pricing model client. PEBA, an organization formed by several Texas government employers, cooperatively purchases employee benefits -- including health care benefits -- on behalf of the local government entities.

“This relationship provides the PEBA membership with the most proactive cost competitive and clinically effective business model for the PEBA membership”

"We are delighted to learn that PEBA has provided us access to its membership to help better manage the cost and quality of their prescription benefit. The addition of PEBA to our growing list of Align clients further validates our unique cost clarity and cost containment network strategies.," said Restat President, David Kwasny. "PEBA's decision confirms the importance of our mission to simplify the purchase and use of healthcare."

"This relationship provides the PEBA membership with the most proactive cost competitive and clinically effective business model for the PEBA membership," said PEBA Board Chairman Leonard Martin. "By contracting with Restat we've stayed true to our commitment to purchase competitively on behalf of the membership while providing high-quality, evidence-based healthcare and related benefits and services. In addition, Restat's business philosophy complements PEBA's implementation of the 2010 medication therapy management program."

The relationship will allow Restat to potentially contract with approximately 250,000 political subdivision employee and dependents lives, including the 700 groups that are currently accessing Restat's Pharmacy Benefit Management Services.