Agreement delivers greater access to broad range of prescription drugs for Humana members
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Humana Pharmacy Solutions, Humana Inc.’s (NYSE: HUM) pharmacy-benefit management division, today announced it has selected AmerisourceBergen Corporation as Humana’s primary wholesaler for drug purchasing. The agreement will provide industry-leading service for Humana facilities and aligns with Humana Pharmacy Solutions’ generic-drug sourcing strategy and its promotion of generic-drug use.
The agreement with AmerisourceBergen – one of the world’s largest pharmaceutical services companies – enhances Humana Pharmacy Solutions’ ability to meet the increasing demand from members and employer-customers for prescription drugs delivered by Humana’s specialty and mail-order pharmacies. The agreement also expands Humana members’ access to generic equivalents of popular brand drugs.
“AmerisourceBergen shares Humana’s philosophy of working to reduce costs while improving patient outcomes,” said William Fleming, Pharm. D., vice president of Humana Pharmacy Solutions. “With this agreement, we’ll be able to offer members and employers access to more cost-effective generic versions of clinically proven and popular brand-name drugs.”
The five-year agreement takes effect May 1, 2011.
About Humana Pharmacy Solutions
Humana Pharmacy Solutions, a division of Humana Inc., manages traditional pharmacy benefits with member-focused strategies to yield savings in pharmacy and total health expense. Providing prescription coverage for both individuals and employer groups, Humana Pharmacy Solutions strives to give members access to the medicine they need while offering guidance on clinically proven, therapeutically equivalent drugs that bring better value to the member and the customer.
About AmerisourceBergen
AmerisourceBergen is one of the world’s largest pharmaceutical services companies serving the United States, Canada and select global markets. Servicing both health care providers and pharmaceutical manufacturers in the pharmaceutical supply channel, the company provides drug distribution and related services designed to reduce costs and improve patient outcomes. AmerisourceBergen’s service solutions range from pharmacy automation and pharmaceutical packaging to reimbursement and pharmaceutical consulting services. With more than $78 billion in annualized revenue, AmerisourceBergen is headquartered in Valley Forge, Penn., and employs approximately 10,000 people. AmerisourceBergen is ranked #24 on the Fortune 500. For more information, go to www.amerisourcebergen.com.
About Humana
Humana Inc., headquartered in Louisville, Ky., is one of the nation’s largest publicly traded health and supplemental benefits companies, with approximately 10.2 million medical members, 7.1 million specialty members, and operates more than 300 medical centers and 240 worksite medical facilities. Humana is a full-service benefits and well-being solutions company, offering a wide array of health, pharmacy and supplemental benefit plans for employer groups, government programs and individuals, as well as primary and workplace care through its medical centers and worksite medical facilities.
Over its 50-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases
- Replays of most recent earnings release conference calls
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
- Corporate Governance information
CONTACT:
Humana Corporate Communications
Jim Turner, 502-580-3221
[email protected]
KEYWORDS: United States North America Kentucky
INDUSTRY KEYWORDS: Health Pharmaceutical Other Health Professional Services Insurance General Health Managed Care
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