EmpiRx Health and Giant Eagle Join Forces to Revolutionize Pharmacy Benefits for Employees
EmpiRx Health Partners with Giant Eagle to Transform Pharmacy Benefits Care
EmpiRx Health, a pioneering company in pharmacy benefits management, is set to reshape the healthcare landscape by partnering with Giant Eagle, a major player in the food and pharmacy retail sector. This collaboration aims to streamline pharmacy benefits for Giant Eagle's employees and improve overall health outcomes while effectively managing prescription drug costs.
Enhancing Pharmacy Care
With over 200 pharmacies in locations across Western Pennsylvania, North Central Ohio, Northern West Virginia, Maryland, and Indiana, Giant Eagle has established itself as a leader in providing essential grocery, fuel, and healthcare services to its customers. The new partnership with EmpiRx Health shifts the focus towards a clinically-driven model that highlights the vital role pharmacists play in patient care.
EmpiRx Health’s innovative pharmacy benefits management (PBM) model is distinguished by its commitment to a pharmacist-centric approach, ensuring that employees receive top-tier care and support. By leveraging the expertise of Giant Eagle’s pharmacists, this collaboration seeks to not only enhance patient health outcomes but also mitigate the challenges associated with escalating prescription drug prices, which have been on the rise at a rate of over 5% annually for the past few years.
Addressing the Prescription Drug Pricing Crisis
The issue of soaring drug costs is increasingly impacting the healthcare system, particularly affecting the nearly 180 million Americans relying on private benefits. Recent statistics reveal a staggering growth in the specialty medications market. The FDA's approval of specialty drugs surged from a mere 10 in 1990 to around 400 by 2024, with new drugs now predominantly being specialty medications, comprising 80% of the approvals.
Giant Eagle's Executive Vice President and Chief People Officer, Janis Leigh, emphasized the company's unwavering dedication to its customers and team members.