Daily Management Review

Express Scripts To Remove Philidor From Its Network


10/30/2015


Express Scripts informs StreeInsider.com about its relationship status with Philidor.



StreeInsider.com reports the statement that was issued by the Express Scripts to the former informing StreetInsider.com on matters of “its relationship with Philidor”.
 
In fact, it has experienced “intense scrutiny” about its relationship with Valeant Pharma. This development occurred only over the “past few weeks”.
 
In the statement Express Scripts mentioned that it is in the midst of carrying out the termination process of network relationship with Philidor pharmacy. Moreover, Express Scripts will be evaluating “the other four pharmacies” with which Valeant Pharma has hed similar relationship.
 
In addition to that, Express Scripts will also perform a review and evaluation on all “similar captive pharmacy arrangements” that are in the know of the company, while the rest will identified, informed Express Scripts. While explaining the meaning of “captive pharmacies”, Express Scripts writes:
“By captive pharmacies, we mean those pharmacies that derive the vast majority of their prescription volume from one manufacturer and/or one product”.
 
Moreover, Express Scripts also adds:
“It is important to clarify the difference between 1) niche pharmacies that are operated by manufacturers to push a particular product, and 2) specialty pharmacies like Accredo that deliver a superior level of specialized care for patients living with complex, specialty conditions. These two business models are very different”.
 
The company of Express Scripts examine their network system on a regular basis, whereby in case they find any pharmacy “trying to circumvent solutions”, Express Scripts takes immediate actions against them. For example:
“...formulary management, that protect payers and patients from wasteful drug spend”.





References:
www.streetinsider.com
 
 







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Poland refuses to join EU 2050 climate deal

EU to fight food waste

Mexico approves amendments to NAFTA

Finnish parliament to vote for prime minister

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation