Intermountain's insurance unit rebrands PBM

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SelectHealth, the health insurance unit of Salt Lake City-based Intermountain Healthcare, is rebranding its pharmacy benefit manager.

Three things to know:

1. The PBM, formerly known as SelectHealth Prescriptions, will be named Scripius, according to a May 12 news release shared with Becker's.

2. Eric Cannon, chief pharmacy benefits officer of Scripius, said the rebrand reflects the expansion of the PBM business with national clients.

3. Scripius' per-member per-month prescription costs are about $20 lower than the national average, Intermountain said, and because Scripius owns its network and rebate contracts, employers get pass-through pricing and claim-level rebate information.

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