New drug purchasing agreement
Humana Pharmacy Solutions recently selected AmerisourceBergen Corporation, one of the world's largest pharmaceutical services companies, as our 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 enhances Humana Pharmacy Solutions' ability to meet the increasing demand from members and employers for drugs through our specialty and mail-order pharmacies, as well as access to generic equivalents of blockbuster brand-name drugs.
This agreement comes at a time when mail-order pharmacies, like RightSourceRx, are being used to combat increasing pharmacy benefit and prescription drug costs. In the last two years alone, the number of prescriptions filled by RightSourceRx has increased by 87.5 percent.
The five-year agreement, with an option for a fifth year, goes into effect May 1, 2011, and expires April 30, 2015.
How will this agreement affect my organization?
Employers will see no impact to their immediate benefits. This change will give Humana Pharmacy Solutions purchasing flexibility to ensure availability and maintain lower costs for mail-order products in the future.