Health New England Partners with Independent Pharmacy Consulting Firm PayerAlly
Posted on April 3, 2024
SPRINGFIELD, MA – (April 1, 2024) – Health New England has named PayerAlly as its strategic pharmacy consulting partner to support the development of industry-leading pharmaceutical management strategies. The agreement will result in PayerAlly providing oversight and strategic support for the pharmacy benefit with an emphasis on specialty pharmacy medications.
PayerAlly’s mission is to provide impartial pharmacy consulting services to Health New England. This will empower Health New England to better plan for future high-cost, life-changing medications and help members manage their medication costs.
“We are excited to partner with Health New England to ensure proper vendor oversight and management of their PBM relationship,” said Will McHugh, President and Co-Founder of PayerAlly. “PayerAlly’s experience in the PBM space, particularly with health plans, will allow us to help Health New England manage its prescription drug costs.”
Health New England is a not-for-profit health plan owned by Baystate Health that offers a range of health care plans in the commercial, Medicaid, and Medicare markets to members in Western Massachusetts. Health New England is committed to exceptional efforts in reducing health disparities, eliminating barriers to care, and addressing the unique needs of diverse populations.
“Our approach as a health plan has always been to work to stay ahead of changing industry dynamics,” said Gary Tereso, Director of Pharmacy at Health New England. “We look forward to collaborating with PayerAlly. We believe that working with an independent consulting partner with no pharmacy coalition or product in the supply chain ensures impartiality. This allows Health New England to focus on our members, while developing better strategies to help them manage rising medication costs.”
About PayerAlly (www.payerally.com)
PayerAlly’s mission is to provide our clients with pharmacy benefit consulting without conflicts. We deliver tailored pharmacy consulting solutions covering the areas of PBM vendor management, contracting, and oversight. We provide superior decision-making support, insightful and actionable modeling and analytics, and clinical and strategic advisement in an INDEPENDENT manner. By independent, we mean that we do not operate a PBM coalition, alternative funding programs, or provide any other product or service that would insert our firm into the supply chain or be considered a conflict of interest. Our clients benefit from having the peace of mind of knowing that our interests are aligned with the business objectives of their pharmacy benefit program.
About Health New England
Based in Springfield, Massachusetts, Health New England is a not-for-profit health plan serving members in Massachusetts and Connecticut. A wholly-owned subsidiary of Baystate Health, Health New England offers a range of health care plans in the commercial, Medicaid and Medicare markets. For more information, visit healthnewengland.org.
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