Health system to advise on new deal focused on improving access and cost of prescription drugs
LOUISVILLE, KY, USA, September 8, 2022 /EINPresswire.com/ — EmsanaRx, a public benefit corporation, and Cleveland Clinic today announced a first-of-its-kind strategic affiliation. This collaboration will align EmsanaRx with the Cleveland Clinic to further both organizations’ mission to provide high-quality, cost-effective care.
Cleveland Clinic will advise EmsanaRx clinicians and multidisciplinary teams to support the company’s formulary development and management programs and inform some of its benefit offerings. The health system will provide an outside perspective on the clinical value of new and existing drugs, treatments and therapies, based on its best practices in patient care and its expertise in the latest health care technologies and innovations. Health care.
This strategic affiliation creates opportunities to deliver new treatments to patients, reduce prescription drug costs and expand clinical programs. Its goals include providing trusted information and improving quality and patient satisfaction for EmsanaRx’s major employer clients and the lives they serve. EmsanaRx will ensure member needs are met and guide clinical decision-making.
“Through this collaboration, we can improve the efficiency with which we serve our large employer clients. The management of pharmaceutical benefits is complex. EmsanaRx provides a better member experience with less disruption and we can advance the industry for the benefit of our communities by working together on programs like this,” said Greg Baker, co-founder and CEO of EmsanaRx. “This agreement allows us to stay true to our mission and vision by bringing world-class clinical expertise to achieve superior results.”
As the only pharmacy benefit manager (PBM) designed by employers, EmsanaRx’s mission is to bring clarity, integrity and trust to pharmacy benefit management. EmsanaRx is committed to providing its members with a clinically-focused, seamless, and easy-to-use pharmaceutical benefits experience.
“Cleveland Clinic brings a patient-centric approach to EmsanaRx to this affiliation at a time when employers and individuals are increasingly sensitive to rising pharmacy spending. We prioritize transparency, care and improving the health of every population and believe this partnership will continue those efforts,” commented Bruce Rogen, MD, Chief Medical Officer, Cleveland Clinic Employee Health Plan.
EmsanaRx is the first company launched by Emsana Health, an innovation studio created by the Purchaser Business Group on Health (PBGH) to tackle the biggest problems facing employers today. PBGH is a nonprofit coalition of nearly 40 major private employers and public health care purchasers committed to transforming health care nationwide.
“Our members have told us that they find most drug benefit programs to be opaque, increasingly expensive and of variable clinical quality. They asked us to come up with a better solution,” said Elizabeth Mitchell, President and CEO of PBGH. “Large employers are very interested in EmsanaRx’s work to bring pharmacy benefits management in line with the needs of their employees by providing greater flexibility and the ability to manage their drug expenses. We believe working with the Cleveland Clinic can help employers achieve this.
EmsanaRx is a pharmacy benefit manager that partners with large, self-funded employers to deliver patient-centered pharmacy benefits with a mission to improve healthcare outcomes by bringing clarity, integrity and confidence to pharmacy benefit management . EmsanaRx is part of the Emsana Health group of companies, majority-owned by the Purchaser Business Group on Health (PBGH), a nonprofit coalition of nearly 40 large private employers and public healthcare purchasers committed to transforming healthcare at national scale. Learn more about www.emsanaRx.com. Join us on LinkedIn at www.linkedin.com/company/emsanaRx. News and resources available at https://emsanarx.com/pharmacy-benefit-manager/.
About the Cleveland Clinic
Cleveland Clinic is a nonprofit, multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision to provide exceptional patient care based on the principles of cooperation, compassion and innovation. Cleveland Clinic pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. US News & World Report consistently names the Cleveland Clinic as one of the best hospitals in the nation in its annual “America’s Best Hospitals” survey. Among Cleveland Clinic’s 72,500 employees worldwide are more than 5,050 salaried physicians and researchers, and 17,800 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,500-bed health system that includes a 173-acre main campus near downtown Cleveland, 22 hospitals, more than 220 ambulatory care facilities, including locations in northeast Ohio; southeast Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2021, there were 10.2 million total outpatient visits, 304,000 hospital admissions and observations, and 259,000 surgical cases across the Cleveland Clinic health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.