Skip to main content

RESOURCES

26.09.2019 Press releases

MedImpact celebrates 30 years making pharmacy benefits transparent, understandable, and affordable.

At a time of rapid vertical integration in the industry, MedImpact remains independent and member-focused

San Diego, CA (09/26/2019) —Thirty years ago this month, MedImpact, was founded to reduce the cost and complexity of pharmacy benefits, and engage consumers in their own healthcare. Today, as one of the five largest pharmacy benefit managers (PBMs) in America, the company serves more than 55 million consumers and manages $30 billion in drug spend.

FROM OUR LEADERS

“We are proud of what we accomplished over the past three decades and the great company we have become. We are also excited about the future and the innovations we are rolling out to make pharmacy benefits more transparent, understandable, affordable, and effective.”

DALE BROWN MEDIMPACT PRESIDENT

In 1989, MedImpact was founded by Fred Howe, a pharmacist and independent pharmacy owner. He saw firsthand how families struggled with the high cost of prescriptions, and how it impacted their lives, financial security, and health.

He started MedImpact to be a PBM with a decidedly different perspective and approach. Today, for example, MedImpact rejects industry practices that allow PBMs to earn more when their clients and members pay more. Similarly, the company’s pharmacy-neutral approach means that its incentives are aligned with that of its clients: to keep prices low without sacrificing quality and choice.

“We are at a time in the industry when lines are blurring and companies are measured by the returns they deliver to Wall Street, not the difference they make in people’s lives,” continued Brown. “That is not who we are. We are an independent company that works for our employees, clients, and pharmacy partners, and we have never lost sight of whom the benefits are for -- consumers.”

Three decades ago, MedImpact started with ten employees in San Diego. Today, MedImpact’s 1,700 employees serve some of the most recognizable plans, self-insured employers, government programs, and 55 million consumers around the world.

###

About MedImpact

MedImpact is the PBM that puts clients and consumers first. For 30 years, it has had a single mission: To make pharmacy benefits affordable, understandable, and transparent. Today, MedImpact’s team and technology serve many large employers and plans, and more than 55 million consumers in the US and around the world. Learn more at medimpact.com or follow us on Twitter @MedImpact.

SHARE
RESOURCES
Read on.
Keep up to date on the latest in the industry.
Press releases
MedImpact launches new solution that uses genetic testing to end “trial and error” prescribing.
Industry’s first “any drug, any time, any prescriber” approach to pharmacogenomics improves safety, lowers costs
READ MORE
Client news
NY Attorney General recognizes MedImpact for assisting in multimillion dollar medicaid FWA investigation.
Fraud, waste, and abuse (FWA) is a national crisis that costs our healthcare system at least $200 billion every year. Even worse, research suggests that only a mere 5% of these losses are recovered.1
READ MORE
Press releases
MedImpact’s Managed Care Residency Program Receives 8-year Accreditation.
After extensive evaluation, the American Society of Health-System Pharmacists accredits MedImpact’s program for full term
READ MORE

Ready for clarity from your PBM?