PBM Created by Large, Self-Insured Health System

(Washington, DC)—Scriptrax, a pharmacy benefits management (PBM) organization owned by Novant Health, a not-for-profit healthcare leader in the Southeast, is the newest member to join the Pharmaceutical Care Management Association (PCMA), the association announced today. PCMA is the national association representing America’s pharmacy benefit managers, which administer prescription drug plans for more than 200 million Americans with health coverage provided through small businesses, Fortune 500 employers, health insurers, labor unions, and Medicare.

“We are excited to have Scriptrax join PCMA as its newest member,” said PCMA President Mark Merritt. “As a PBM that was created by a health system that has analyzed and managed prescription costs for more than 20 years and currently provides services to more than 3 million in the Southeast, Scriptrax offers PCMA valuable perspective into patient centric pharmacy benefit management.”

“Scriptrax is pleased to have the opportunity to work closely with PCMA in communicating with the general public, policymakers, and opinion leaders the integral role a health system based PBM will play in lowering costs and increasing access to prescription drugs for consumers and payors,” said Gerry Smith, Director of News Business Development for Scriptrax. “We look forward to sharing our expertise with PCMA in important areas involving formulary development, home delivery service strategies, specialty pharmaceutical management, and decision support for plan sponsors.”

Scriptrax provides clients with sophisticated pharmacy benefit performance audits, customized data reporting, benefit design consultation by a Pharm. D, and access to an advanced population-based, risk adjustment and predictive modeling system. In addition, Scriptrax offers a complete suite of PBM services including: home delivery service, claims processing, formulary management, rebate administration, disease management, and specialty pharmacy solutions.

Scriptrax is owned by Novant Health, a not-for-profit healthcare leader in the Southeast, with eight hospitals, two nursing homes and senior residential facilities, 137 physician clinics, outpatient surgery centers, rehabilitation and community health outreach programs.

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PCMA is the national association representing America’s pharmacy benefit managers (PBMs), which lower the cost of prescription drugs for more than 200 million Americans with coverage provided through Fortune 500 employers, health insurers, labor unions, and Medicare Part D

Contact Information:
Phil Blando, 202-207-3614
Charles Coté 202-207-3605