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RxAmerica



RxAmerica is a leading manager of pharmacy benefits (PBM). They are headquartered in Salt Lake City, Utah. In 1989, RxAmerica began as a mail service division of American Drug Stores, a national pharmacy chain store and subsidiary of American Stores Company. In 1994, claims processing was brought in-house, and RxAmerica began providing a full suite of PBM services under the name of RxAmerica LLC.

RxAmerica uses customized programs to lower and control drug costs for clients. Their core competency is managing trend. By increasing generic utilization through a variety of focused programs and member communication tools, they help keep a client in control of their pharmacy benefit expense. They show clients how optimizing manufacture rebates gives maximum plan savings. Because one size does not fit all, they customize the details of a plan to meet the unique needs of a group’s benefit structure.

Additional recommended knowledge

Nearly eight million individuals receive prescription benefits and services through RxAmerica’s retail network of 58,000 pharmacies and mail order pharmacy. RxAmerica is also a provider of Medicare Part D plans, offering a national PDP and customized MA-PD partnership solutions.

History

1989 - RxAmerica began as a mail service division of American Drug Stores, a national pharmacy chain store and subsidiary of American Stores Company.

1994 - Claims processing was brought in-house, and RxAmerica began providing a full suite of PBM services under the name of RxAmerica LLC.

1997 - American Drug Stores and Longs Drug Stores announced the merger of RxAmerica and Integrated Health Concepts (IHC), the PBM subsidiary of Longs. The PBM joint venture called for equal ownership by the two retailers and retained the RxAmerica name.

1999 - American Drug Stores, one of RxAmerica's parent companies, was acquired by Albertson's, becoming one of the largest food and drug retailers in the nation. The merger provided additional resources that enabled RxAmerica to offer expanded retail pharmacy services across a broader geographical base. The merger did not impact the management structure or operation of RxAmerica.

2001 - Longs exercised an option to purchase the other 50% of RxAmerica from Albertson's. The deal was completed on September 18, 2001.

Today - RxAmerica is a fully integrated retail and mail service provider of PBM services, serving more than 8 million individuals nationwide. Through a network of more than 58,000 pharmacies and a state-of-the-art mail service facility in Sacramento, California, clients have pharmacy access in all 50 states as well as Puerto Rico and the Virgin Islands.

External Links

RxAmerica.com
Meds4Medicare.com

 
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "RxAmerica". A list of authors is available in Wikipedia.
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