Financial terms of the transaction weren’t disclosed. Plans call for 8th Day Software, based in Cordova, Tenn., to operate under Diplomat subsidiary Envoy Health Management LLC.
The specialty pharmacy noted that 8th Day will expand EnvoyHealth’s service offerings for health care partners to include IT outsourcing, consulting, and product development.
“In an interoperable world, technology delivers comprehensive insight and sustainable value for patients and health care partners,” Jennifer Cretu, senior vice president of pharma services and marketing at Diplomat, said in a statement.
Loschinskey has served as CEO of 8th Day since launching the firm in 2013. The company is experienced in building technologies for patient engagement, reporting, hub management and payor services, among other capabilities, Diplomat said.
“The health care market has shown significant demand for information technology services,” stated Phil Hagerman, CEO and chairman of Diplomat. “Dave built 8th Day along with past Accredo leaders, and their unique health care experience will bring new opportunities to provide better and broader services for our customers. Diplomat continues to move its analytics capabilities up the business intelligence curve from descriptive to predictive.”
Loschinskey will oversee Diplomat’s information technology strategy, day-to-day operations, and product development. He brings more than 20 years of experience in technology and software development, with a focus on the specialty pharmacy space.
“Since our founding, 8th Day has built technology designed to help our customers best serve their patients,” Loschinskey commented. “The same patient-first mentality is woven into Diplomat’s culture, making this partnership all the more exciting. I’m proud to join such an innovative company as Diplomat.”
Before founding 8th Day, Loschinskey spent nearly a decade at Accredo (which joined Medco and is now Express Scripts’ specialty pharmacy), first as vice president of software development, then as CIO and later as vice president of business innovation. Prior to that, he served five years as senior director at database technology giant Oracle Corp.