Evio Pharmacy Solutions Welcomes Wellmark as New Health Plan Investor to Tackle High-Cost Medications

Evio Pharmacy Solutions, a pioneer in transforming the medication experience, has proudly announced its partnership with Wellmark Blue Cross and Blue Shield, marking a significant increase in its investment base as they strive to address the pressing issue of high-cost medications. This strategic alliance aligns with Evio's core mission to provide innovative pharmacy solutions that improve accessibility and affordability for patients and healthcare providers alike.

Founded four years ago, Evio has consistently worked to reshape how medications are managed and distributed, focusing on enhancing the overall experience for a diverse range of stakeholders in the healthcare system, including patients, providers, employers, and the pharmacy network. With this latest collaboration with Wellmark, Evio expands its capabilities and resources to ensure patients receive the right medication tailored to their unique situations from the outset.

Wellmark operates as an independent licensee of the Blue Cross Blue Shield Association, currently serving over two million residents in Iowa and South Dakota. The company's reputation for innovation and commitment to improving healthcare quality dovetails perfectly with Evio’s objectives. Hank Schlissberg, CEO of Evio, expressed his enthusiasm about this partnership, noting that Wellmark’s groundbreaking approach to healthcare aligns with their goal of transforming pharmacy care.

"Our board and I are thrilled to welcome Wellmark to help drive our transformative agenda," stated Schlissberg. "Having established a compelling vision, a phenomenal team, and a track record of measurable impact, we were open to collaborating with new partners for the first time since our inception. Wellmark's innovative thinking naturally aligned with our mission to reshape pharmacy care."

The partnership with Wellmark is expected to broaden Evio's already successful initiatives. Over the years, Evio has built a strong reputation in healthcare through innovative practices, including conducting real-world evidence analytics studies, developing effective contracts with pharmaceutical manufacturers, and creating a suite of digital tools designed to streamline medication management.

Paul Eddy, Chat Health and Innovation Officer at Wellmark, shared his excitement regarding the new alliance, highlighting their mutual objective to enhance patient access to affordable medications. "By leveraging Evio's cutting-edge practices, we will significantly bolster our abilities to provide our members with tailored and cost-effective medication solutions," Eddy remarked. Furthermore, both parties aim to work collaboratively within the pharmaceutical industry to better control medication costs.

As part of their new partnership, Wellmark, just like other owner health plans, will enjoy full access to Evio’s diverse offerings while actively participating in shaping future innovations through board representation. Their collaboration will amplify Evio's mission to deliver transformative, affordable, and patient-centric pharmacy solutions on a national scale.

Evio Pharmacy Solutions stands firm in its commitment to delivery excellence by maintaining transparency and ensuring that every patient has access to the best possible care. With Wellmark now on board, Evio is poised to further innovate and expand its impactful services, promising a bright future for patients navigating the complexities of medication management.

In conclusion, this partnership represents not just a strategic business move but a genuine effort to address the critical challenges associated with high medication costs, ultimately improving healthcare outcomes and equity for patients nationwide. As the healthcare landscape continues to evolve, collaborations like this are vital in crafting sustainable solutions that benefit all stakeholders in the system.

Topics Health)

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