Anthem to create its own PBM, IngenioRx, with CVS Health
Anthem has signed a five-year contract with CVS Health to establish the pharmacy benefit management company, which will begin offering services in 2020.
Anthem has signed a five-year contract with CVS Health to establish the pharmacy benefit management company, which will begin offering services in 2020.
The case alleges that insured workers paid too much because Express Scripts charged “above competitive pricing levels” and Anthem, in effect, allowed those higher prices as part of a 10-year contract deal with the PBM, in violation of ERISA.
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.