Former PBM Exec Launches New Company
December 24, 2007 (PRLEAP.COM) Health NewsLatham, NY – December 24, 2007 - Patrick McLaughlin announced today the creation of Matrix PBM. McLaughlin previously served as President of Centrus Pharmacy Solutions and the PBM division of National Medical Health Card.
McLaughlin is launching the company with John Navarra, owner of Town Total Health a specialty pharmacy provider.
“Market forces have caused PBMs to change direction over the past several years. Diminishing margins have forced PBMs to chase other revenue streams. Increasing mail order penetration, driving rebates, and directing specialty pharmacy prescriptions to preferred providers are a few examples of how PBMs are supporting their profitability. In many cases the changes have not been in the clients’ best interest and they have caused the PBM to lose focus on what the client thinks is important.” said McLaughlin, president.
Navarra brings a wealth of experience in disease management and medication therapy management programs. “At Town Total Health we have documented success in improving persistency and health outcomes across numerous disease states. We are excited to bring these programs to a larger population through Matrix” said Navarra.
Matrix PBM is positioned to service mid market companies with tailored solutions and an intimate client service relationship. With over 40 years of combined experience in the Pharmacy Benefit Management industry, the principals of Matrix are able to provide clients a broad range consultation services including: Benefit Design, Clinical Programs, Network management, Claims adjudication and Data Analysis.
Matrix PBM offers a flexible model with a full range of tailored services to control prescription drug benefit programs. Matrix partners with clients to enable them to leverage the data collected through the adjudication process and maximize disease management efforts. Led by a respected leader in healthcare processing services and pharmacy benefit management solutions since 1989, Matrix is positioned to serve the needs self insured employers, union welfare funds, managed care organization and government entities. For more information, visit www.matrixpbm.com.