Leading human resources consulting firm selects HPS as preferred offering to employer collective purchasing group
LOUISVILLE, Ky.--(BUSINESS WIRE)--Employers purchasing pharmacy benefit services through Mercerâ€™s Rx Options Collaborative can now select Humana Pharmacy Solutions (HPS), a division of Humana Inc. (NYSE: HUM).
After being selected as a preferred pharmacy benefit provider for the Mercer collaborative, HPS is now one of three pharmacy benefits providers available on the platform.
The Mercer Rx Options Collaborative provides Mercer clients with 50 to 1,500 employees a choice of pre-qualified pharmacy benefits management partners, assuring these employers quality pharmacy benefits services and saving them the time and expense of researching vendors themselves. Mercer selected HPS due to its encompassing range of pharmacy benefits capabilities, specialty pharmacy expertise and well-suited pricing options for Mercerâ€™s client base.
Humana Pharmacy Solutionsâ€™ President William Fleming says HPSâ€™ focus on member health and proven risk management expertise will be attractive to Mercer clients and a great benefit for employers.
â€œOur approach centers on improved member health outcomes, which is paramount to managing long-term costs,â€ explained Fleming. â€œMercer shares this view, and their overall focus on quality of care fits perfectly with our dream of helping people achieve lifelong well-being.â€
Fleming also added that being selected to Mercerâ€™s highly selective Rx Options Collaborative is an important step forward as Humana Pharmacy Solutions continues to expand its market presence.
About Humana Pharmacy Solutions
Humana Pharmacy Solutions, a division of Humana Inc., manages traditional pharmacy benefits with member-focused strategies to yield savings in pharmacy and total health expense. Providing prescription coverage for both individuals and employer groups, Humana Pharmacy Solutions strives to give members access to the medicine they need while offering guidance on clinically proven, therapeutically equivalent drugs that bring better value to the member and the customer.
About the Mercer Rx Options Collective
In 2006, Mercer initiated a pharmacy collective purchasing program that provides pharmacy benefit management solutions for plan sponsors that cover 50 - 1,500 employees. Initially marketed as the Qualified Vendor Program (QVP), this collective provided a unique carve out pharmacy benefit management solution to Mercer clients and prospects. In 2012, Mercer re-branded the QVP program under a new name--â€œRx Optionsâ€--and relaunched it to the Mercer organization with a strong internal marketing campaign. Based on a managed competition model, â€œRx Optionsâ€ provides our consultants and their clients a choice of pre-qualified PBM partners without the need to expend time and expense to conduct a formal vendor procurement process.
Humana Inc., headquartered in Louisville, Ky., is a leading health-care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
More information regarding Humana is available to investors via the Investor Relations page of the companyâ€™s web site at www.humana.com, including copies of: