57.85 +0.08 (0.14%)
After hours: 5:14PM EDT
|Bid||57.73 x 200|
|Ask||58.18 x 100|
|Day's Range||55.80 - 59.04|
|52 Week Range||55.80 - 77.50|
|PE Ratio (TTM)||10.03|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Anthem will launch its own pharmacy benefit management business, relying heavily on CVS Health for both back-end processing and retail distribution.
Anthem plans to launch its own pharmacy-benefit manager, serviced by CVS Health, in 2020 after the conclusion of its contract with Express Scripts.
Anthem’s entry is notable in a highly concentrated industry dominated by just a few large players.
Anthem Inc says that it will be creating IngenioRx to act as its new pharmacy benefits manager. This will take place in 2020, which is when the company’s current pharmacy benefits manager contract expires. Anthem Inc notes that it will be combining its IngenioRx with services from CVS Health Corp starting on Jan. 1, 2020.
Health insurer Anthem Inc will start managing its billions of dollars of patient prescriptions itself in 2020, it said on Wednesday, ending a deal with Express Scripts Holding Co that had deteriorated into lawsuits over terms. Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. The new structure gives Anthem more control to lower healthcare costs, expand contracting with doctors and hospitals based on health outcomes and work on lowering annual increases in medical costs, Anthem Chief Executive Joseph Swedish said in an interview.
The contentious pricing battle between Anthem (ANTM) and Express Scripts (ESRX) has come to an end, and it isn’t with reconciliation. Early today, Anthem, one of the nation’s largest providers of Blue Cross health plans, announced it would launch its own pharmacy benefit manager, IngenioRx, in 2020 to provide services to Anthem health plans, as well as outside customers. In a separate announcement, Anthem said it has inked a five-year deal with CVS Health (CVS) to process claims for IngenioRx and fill prescriptions.
Pharmacy-benefit managers are supposed to reduce drug prices but haven’t, and their customers are pushing back.
Anthem Inc (NYSE: ANTM ) announced Wednesday its plans to launch an internal pharmacy-benefit manager at the 2019 expiration of its Express Scripts Holding Company (NASDAQ: ESRX ) contract. The new unit, ...
Anthem has found a new partner to help run prescription drug coverage after the Blue Cross-Blue Shield insurer's rocky relationship with Express Scripts ends. The nation's second-largest insurer says it ...
Among the companies with shares expected to trade actively in Wednesday's session are IBM, Amazon, J.P. Morgan, Express Scripts and Qualcomm.
Anthem will launch its own new pharmacy benefit management company called IngenioRx in partnership with CVS Health, effective in January of 2020.
CVS will take over services for Anthem's pharmacy benefits manager IngenioRx when Anthem's deal with Express Scripts runs out in 2020.
Health insurer Anthem Inc. plans to set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after accusing it of overcharging by billions of dollars.
Anthem Inc. plans to launch its own pharmacy-benefits manager, IngenioRx, which will provide services to Anthem health plans and non-Anthem customers starting in 2020, which is when Anthem's contract with ...
Lackluster performance in PBM product network and services segment is likely to mar Express Scripts' (ESRX) revenues in the third quarter.
The $3.6 billion purchase of private equity-backed eviCore Healthcare marks Express Scripts' largest deal since its acquisition of Medco Health Solutions in 2012 for more than $29 billion.
Rating Action: Moody's places CareCore National's ratings on review for upgrade. Global Credit Research- 11 Oct 2017. New York, October 11, 2017-- Moody's Investors Service placed all ratings for CareCore ...
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Express Scripts Holding Co. a score of 41. Our analysis is based on comparing Express Scripts Holding Co. with the following peers – CVS Health Corporation, Premier Inc. Class A, Rite Aid Corporation and PharMerica Corporation (CVS-US, PINC-US, RAD-US and PMC-US). Investment Outlook Express Scripts Holding Co. ... Read more (Read more...)
Maxim Group Currently, we view Amazon.com’s potential entry into prescription drugs as both an opportunity and a risk for Express Scripts. According to CNBC, Amazon (AMZN) may decide within four to six weeks whether or not to enter the prescription drug market. The online retailer has reportedly been recruiting pharmacy management personnel and hired Mark Lyons of Premera Blue Cross to build its internal pharmacy benefits manager (PBM), which, in our view, could be the company’s first step towards entering the business on a larger scale.
Express Scripts said the acquisition of eviCore will allow it to expand beyond its prescription drug benefit services.
Rating Action: Moody's affirms Express Scripts' Baa2 rating; stable outlook. Global Credit Research- 10 Oct 2017. New York, October 10, 2017-- Moody's Investors Service affirmed the Baa2 senior unsecured ...