MedTrakRx Receives the Champions of Business Award
May 02 2018 - 10:03AM
Business Wire
Kansas City Business Journal Recognizes
Pharmacy Benefit Manager for Financial Performance, Innovation and
Community Involvement
MedTrakRx, a pharmacy benefit manager (PBM) and a
division of EnvisionRxOptions (a wholly owned subsidiary of Rite
Aid), was recently selected by the Kansas City Business Journal as
a 2018 Champion of Business award winner. The award recognizes area
businesses that excel in financial performance, innovation and
community involvement. This is the second time MedTrakRx has been
honored with this prestigious award, which they will receive along
with other recipients during the 12th annual awards luncheon on May
4 at the Intercontinental Hotel in Kansas City.
“Receiving the Business Journal’s Champions of Business award
again is a testament to the hard work of all of the MedTrakRx
team,” said Mark Fendler, president of MedTrakRx “We are proud to
be recognized once again for our efforts and community
commitment.”
MedTrakRx reported significant year-over-year growth and
profitability over the past three years and demonstrates innovation
through the Company’s unique care model, which optimizes all
aspects of the pharmacy care experience, improving plan performance
for employers and delivering healthier outcomes for patients. The
care model:
- Carefully monitors the prescription
drug pipeline, evaluating new medications and their clinical
effectiveness versus other available options.
- Assesses the economic impact on
employers who pay a large portion of the coverage cost.
- Provides best-in-class specialty
pharmacies that are closely integrated with MedTrakRx, working
together to manage utilization of costly specialty medications and
help patients control complex conditions.
- Creates specific recommendations on
benefit design and condition management that ensures patients get
the right medications at the right time and at the best possible
price.
Additionally, in response to the opioid crisis, MedTrakRx
bolstered its pain management program, CareTrakRx Pain, to help
promote the clinically appropriate utilization of prescription
opioids. The program focuses on patient safety through
communication, education and outreach, as well as interventions
that avoid excessive dosing and dangerous drug combinations, with
the goal to help individuals manage pain safely before and after
the first dose.
While MedTrakRx supports many community efforts, their focus is
on promoting health, wellness and education to improve minds and
bodies, providing a healthy future for Kansas City. MedTrakRx has
made a commitment to support two community organizations. The
company is a corporate sponsor for and supports the work study
program at Cristo Rey, a secondary college preparatory school
serving less fortunate, diverse students. Additionally, for the
past six years, MedTrakRx has hosted a ProAm golf tournament to
raise money for Folds of Honor, a non-profit organization that
provides educational scholarships to families of fallen or wounded
soldiers. In 2017, MedTrakRx raised more than $100,000 for Folds of
Honor, a record for the event, raising nearly $400,000 since the
golf outing’s inception.
“In all that we do at MedTrakRx, we believe in challenging the
status quo. We strive to be creative, consultative, nimble and
flexible. This unique perspective is how we have grown as a trusted
partner to our clients,” Fendler said. “We also believe in
providing support that makes Kansas City a better place to live,
work and play. All of this together is why I believe we were
recognized as a Champion of Business.”
About EnvisonRxOptions and MedTrakRx
A wholly owned subsidiary of Rite Aid, EnvisionRxOptions is a
pharmacy services and healthcare company with a visibly different
approach to pharmacy benefits. Its pharmacy benefit management
(PBM) division, MedTrakRx, offers flexible and custom services for
small to mid-size self-insured businesses. Through its proprietary
MedTrakCare model and innovative, industry leading clinical
programs, MedTrakRx optimizes the pharmacy care experience to
consistently achieve better patient and plan outcomes. For more
information, visit medtrakrx.com or envisionrx.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180502005938/en/
EnvisionRxOptionsBobby Creek,
813-690-8503bcreek@envisionrx.com
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