Company is one of only five to receive Preferred Vendor status for its pharmacy benefit management services.
Philadelphia, PA – PerformRx (www.performrx.com), a URAC-accredited, full-service pharmacy benefits manager with industry-leading clinical programs that is headquartered in Philadelphia, today announced that it has been named a Preferred Pharmacy Benefit Manager (PBM) Vendor by the Association for Community Affiliated Plans (ACAP). PerformRx is one of only five companies to receive Preferred Vendor status for its pharmacy benefit management services from ACAP
ACAP is dedicated to strengthening not-for-profit safety net health plans focused on improving the health of lower income and vulnerable populations. Preferred Vendors provide streamlined access and services to ACAP’s 58 nonprofit safety net health plans, which serve more than 11 million lives across Medicaid, Medicare, the Children’s Health Insurance Program (CHIP) and other publicly-supported health programs. Members of the Preferred Vendor program have been sponsored by one of ACAP’s health plans and have demonstrated an in-depth understanding of this population’s complex needs.
“PerformRx has been a valued partner of ACAP and a Preferred Vendor of long standing,” said ACAP CEO Meg Murray. “The ACAP Preferred Vendor Program provides streamlined access to solution providers who understand the unique needs of ACAP plans. Each organization has been sponsored by one ACAP plan and approved by all. We’re pleased to recognize PerformRx as a pharmacy benefit manager today.”
Founded in 1999 to provide services to underserved populations, PerformRx’s business model was built to work with Medicaid plans and an at-risk member base. The company quickly expanded its client portfolio to include Medicare Part D plans when that program was introduced in 2006, strengthening its mission to bring clinically sound and effective medication therapy to those who most need it. PerformRx continues to lead the Medicare and Medicaid PBM market through a mix of formulary development, specialty pharmacy services and its URAC-accredited drug therapy management (DTM) program, one of only four accredited DTM programs in the U.S.
PerformRx’s long experience with Medicare and Medicaid programs complement ACAP’s mission to aid low-income members. PerformRx’s DTM, specialty pharmacy, prior authorization and drug utilization review programs originally were created for Medicaid and Medicare plans, and are currently being utilized by 10 ACAP plans. By working with an organization such as ACAP, PerformRx is able to reach a wider audience and continue in its mission to provide the underserved with access to the most clinically sound solutions available.
“PerformRx has a long and successful history of providing services to Medicaid and Medicare populations, making us uniquely qualified to partner with ACAP’s members,” Mesfin Tegenu, M.S., R.Ph., president of PerformRx, said. “PerformRx’s clinical culture ensures that our clients maximize the most efficacious and cost-effective therapies while enjoying industry-leading contact center service. ACAP’s members who partner with PerformRx get the opportunity to utilize our adherence technology solutions, such as the Health® tablet, the HealthNHand mobile messaging program, TMED and the Pillstation™, to improve medication compliance. Combined with our new state-of-the-art specialty pharmacy, PerformSpecialty, we have integrated patient care management for optimum outcomes.”
About PerformRx, LLC
PerformRx, LLC, a full-service pharmacy benefit manager, is one of the nation’s leaders in providing an innovative and integrated technology-driven approach to results-focused pharmacy benefit management programs. PerformRx integrates health care data and utilizes a collaborative model of care to impact the overall health care dollar. Driven by the strength of its leaders and passion of its employees, PerformRx helps payers improve patient outcomes while achieving high quality. For more information, visit www.performrx.com.