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Companies ditching massive drug-industry middlemen in favor of smaller competitors
- Business Insider
Pharmacy benefit managers are facing a wave of fresh scrutiny from states over the secretive ways they turn profits. That's helping to fuel business at smaller firms and venture-backed startups that say they operate differently.
Madison-based Navitus, with Costco as part owner, expands its drug benefit business
- Wisconsin State Journal
With nearly 1,000 employees and new partial ownership by Costco, Madison-based Navitus Health Solutions is growing in a pharmacy benefits industry dominated by a few companies whose opaque practices have led to transparency laws, including one adopted this year in Wisconsin.
Costco Brings Its Low-Price Magic to Employer-Paid Drug Plans
- Bloomberg Businessweek
Pharmacy benefit managers typically make money by taking a cut of the drug price savings they negotiate for employers. Navitus says its fee-only model avoids financial conflicts.
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