CARY, N.C. — As economic concerns continue to mount for pharmacies, many providers are looking for ways to reduce expenses while expanding services to meet customer needs. Some organizations are turning to mail order pharmacy services as a solution. To support these pharmacies, Accreditation Commission for Health Care (ACHC) is launching a Mail Order Pharmacy
MINNETONKA, Minn. — UnitedHealth Group has confirmed that its OptumRx division for pharmacy services is combining operations with Genoa Healthcare, which runs 435 pharmacies in behavioral health centers in 46 states. An unnamed source familiar with the deal, reported that UnitedHealth, which is based here, paid about $2.5 billion to acquire Genoa. OptumRx spokesperson Drew
CHICAGO — OptumRx is becoming the first major pharmacy care services company to introduce fully sustainable medication packaging that replaces polystyrene, or foam. The new packaging delivers temperature-sensitive specialty and maintenance prescriptions to consumers’ homes while ensuring the safety and quality of the medication remain intact. Eliminating foam commonly used in medication home delivery is
MINNEAPOLIS — Former GlaxoSmithKline plc chief executive officer Sir Andrew Witty has been named CEO of Optum, the health services, technology and pharmacy benefits management unit of health insurance giant UnitedHealth Group. Plans call for Witty to start as Optum CEO on July 1. He takes over from Larry Renfro, vice chair of UnitedHealth Group, who has
WOONSOCKET, R.I. — At presstime The Wall Street Journal along with other news agencies reported that CVS Health will offer more than $200 per share, or about $66 billion, to purchase the health insurance giant Aetna Inc. Anonymous sources cited by WSJ originated the story about a potential CVS-Aetna deal. The possible transaction comes as
When a doctor prescribes a medication to a patient, neither party wants to be wondering about drug cost and coverage — an all-too-common situation that all too often makes things more difficult for the pharmacist as well. UnitedHealthcare and its OptumRx PBM aim to help reduce that occurrence with PreCheck MyScript, a new online solution
WOONSOCKET, R.I. — CVS Pharmacy is partnering with OptumRx, the PBM subsidiary of UnitedHealth Group, to boost convenience and lower costs for consumers and clients while improving outcomes. The two companies will offer employers a new pharmacy network program providing eligible OptumRx members the option to fill 90-day prescriptions at prices equal to home delivery
WOONSOCKET, R.I., and CHICAGO — UnitedHealth Group’s OptumRx aims to bring more prescription drug and pharmacy care options to clients and members through a new partnership with CVS Pharmacy. The companies said Tuesday that they will offer employers a new pharmacy network solution enabling eligible OptumRx members to fill 90-day prescriptions at the more than
CVS Health’s scaled-back 2017 guidance, given in its third-quarter report this week, spotlights an intensifying competitive battle with rival Walgreens Boots Alliance. CVS reported that for fiscal 2017 it expects to lose over 40 million retail prescriptions due to marketplace changes, notably narrower retail pharmacy networks excluding CVS Pharmacy drug stores. The announcement sent CVS
DEERFIELD, Ill. — Walgreens is partnering with OptumRx to create a new pharmacy benefit to meet consumers’ changing prescription drug needs and help employers, health plans and their members achieve better health outcomes and greater cost savings. OptumRx is UnitedHealth Group’s freestanding pharmacy care services business, managing more than a billion prescriptions annually. Through a
The presence of Walgreens Boots Alliance (WBA) across the pharmacy care sector continues to broaden and deepen. Over two days earlier this month, WBA unveiled an integrated pharmacy offering with PBM OptumRx and then announced that it’s boosting its equity stake in drug distributor AmerisourceBergen. The highlight of the offering with OptumRx is that members
DEERFIELD, Ill. and EDEN PRAIRIE, Minn. — Walgreens and pharmacy benefit manager OptumRx are collaborating on an an integrated pharmacy care solution that blends attributes of in-store and mail-order prescription drug services. The companies said Thursday that OptumRx members enrolled in the program will get the option to fill 90-day prescriptions at home delivery co-payment levels at
NEW YORK — After CVS Caremark and two other pharmacy benefit managers announced that they are terminating mail-order pharmacy Philidor Rx Services LLC from their networks, Valeant Pharmaceuticals Inc. said it would also sever ties with Philidor. Philidor has been accused of bolstering sales of products made by the Canadian-based drug manufacturer Valeant. Joining CVS
NEW YORK and SCHAUMBURG, Ill. — Reflecting the ongoing consolidation in the pharmacy benefit management (PBM) sector, UnitedHealth Group plans to acquire Catamaran Corp. in a deal valued at $12.8 billion. The companies said Monday that Catamaran would integrated into OptumRx, UnitedHealth’s freestanding pharmacy care services business and part of its Optum health services unit.
