WAYNE, PA — ELMCRx Solutions has announced a strategic alliance with Peek Healthcare Technologies Inc., a move set to transform the landscape of prescription cost management. This partnership aims to streamline the process of managing prescription costs by utilizing Peek’s innovative prescription marketplace, which provides patients a comprehensive view of their prescription expenses, encompassing insurance, cash discounts, and copay offset programs.
Richard Fleder, CEO of ELMCRx, emphasized the partnership’s alignment with the company’s mission to enhance cost management in the pharmacy benefit management (PBM) sector. “Forming this partnership with Peek aligns with our goals of helping reshape the PBM space by introducing more effective cost management solutions,” he stated. “Working with Peek will help set a new bar for savings and efficiency in non-specialty prescription drugs.”
The current PBM environment is often fragmented and challenging to navigate, resulting in inefficiencies for both healthcare providers and consumers. ELMCRx’s collaboration with Peek aims to simplify this process, offering a more integrated and user-friendly approach to prescription pricing and cost management.
Peek’s CEO, Michael Navin, highlighted the partnership’s potential to expand the reach of their prescription shopping marketplace. “This collaboration enables us to extend the reach of our prescription shopping marketplace, providing meaningful savings to a wider audience through ELMCRx’s network,” Navin said.
Mary Ann Carlisle, CRO and COO of ELMCRx, underscored the strategic importance of this partnership, noting how Peek’s platform enhances the savings opportunities for customers. “Peek’s user-friendly platform offers our customers additional savings opportunities. It reinforces our commitment to helping members and plan sponsors get the best price for their medications at thousands of retail pharmacies across the U.S.,” she remarked.
This partnership represents a significant step for ELMCRx as it continues to develop a comprehensive suite of solutions to maximize the value employers derive from their prescription spending. With Peek’s cutting-edge technology, ELMCRx is poised to become a holistic provider of innovative PBM services, ultimately benefiting all stakeholders involved in prescription cost management.
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