Here are four things to know about the PBM.
1. IngenioRx will offer PBM services beginning in 2020 when Anthem’s contract with Express Scripts expires.
2. Anthem notified Express Scripts in April it would drop the PBM after Dec. 31, 2019. The decision came during an ongoing legal battle between the two parties.
3. Anthem instead signed a five-year agreement with Woonsocket, R.I.-based CVS Health to manage prescription fulfillment and claims processing for IngenioRx beginning Jan. 1, 2020.
4. Anthem anticipates the deal will save it $4 billion annually, Reuters reports.
More articles on payer issues:
UCare names Mark Traynor permanent CEO: 3 points
Anthem to build 21-story Atlanta tech hub
Anthem lowers premium hikes in California after state inquiry
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