FOR IMMEDIATE RELEASE
CONTACT: Kailey Bender
Lindsay, Stone & Briggs
Office: (608) 268-5309, kbender@lsb.com
Navitus Health Solutions Celebrates 10-Year Anniversary
MADISON, Wis., July 23, 2013–Pharmacy benefits manager Navitus Health Solutions, LLC today announced its 10-year anniversary. Since its inception in July 2003, Navitus has addressed a critical need in the pharmacy benefit management (PBM) industry for a zero spread, full pass-through business model to align with client interests.
True to its 2003 vision, Navitus continues to align performance with its clients’ benefit goals to deliver comprehensive clinical programs and cost-saving strategies that lower drug trend and promote good member health. This business model allows plan sponsors to reap the full benefits of Navitus’ negotiated discounts with pharmacies and rebates with pharmaceutical manufacturers, without any margin retained by Navitus.
“We are proud of the growth that we’ve experienced and continue to experience in this competitive market,” said Terry Seligman, Navitus President & CEO. “It’s clear that our business model is resonating with employers, government programs, hospital systems and health plans nationwide. In addition, our accreditation with URAC since 2007 and The Leapfrog Group since 2010 further validate our integrity and commitment to excellence.”
Continuing its long history of delivering the best possible value through partnership, in 2013, Navitus was the sole recipient of the coveted Pharmacy Benefit Management Institute (PBMI) Rx Innovation Award for its client case study. The study demonstrates effective results and a collaborative partnership that offers Navitus’ client value, transparency and ultimate control of its pharmacy benefit plan.
In addition, for the second year in a row, Navitus received the top rating for overall customer satisfaction for small pharmacy benefit managers that serve less than 20 million members in the 2013 Pharmacy Benefit Management Institute (PBMI) PBM Customer Satisfaction Survey. Further validating its high-touch service model, Navitus received the highest overall score in the majority of service dimension categories, scoring 9.4 on a 10-point scale in both overall satisfaction and likelihood to be recommended by customers.
“Navitus employees thrive on providing high-touch service. From our dedicated client and member service professionals to our patient-focused clinicians, our employees take great pride in service excellence,” said Tom Pabich, Navitus Senior Vice President, Business Development & Client Services. “Navitus employees are excited and pleased to share this key milestone with each other and our valued clients.”
Navitus continues to expand its national presence across all markets, including Medicare, Medicaid and Exchanges, with the addition of 1.3 million new members in 2012.
About Navitus
Navitus Health Solutions, LLC is a full-service, URAC-accredited pharmacy benefit management company. Navitus provides its flexible services to government entities, self-funded employers, coalitions, labor organizations, third-party administrators, and health plans, including managed Medicaid and Medicare Part D. For more information about Navitus’ real solutions to the rising cost of health care, visit www.navitus.com or call 877-571-7500.
