ST. LOUIS, Dec. 18, 2018 — Centene Corporation (NYSE: CNC) today announced that its Mississippi subsidiary, Magnolia Health, completed the implementation of a transformative pharmacy benefit management model using RxAdvance’s Collaborative PBM Cloud™ platform, covering 240,000 Mississippi Medicaid members. This partnership will reduce administrative costs and has the potential to improve health outcomes and reduce avoidable medical costs.
In March 2018, Centene announced a strategic partnership with RxAdvance to create its next generation pharmacy management solution. Magnolia Health is the first of Centene’s health plans to implement this new model.
“Centene is committed to supporting a transparent Pharmacy Benefit Management model that is sustainable with higher quality care for members at a lower cost to our states,” said Michael F. Neidorff, Chairman and CEO of Centene. “The combination of the clinical competencies from our Envolve Pharmacy Solutions business, RxAdvance’s innovative platform and a new business model focused on transparency will be a game changer for the industry.”
“RxAdvance looks forward to creating an industry standard of excellence and leveling the PBM playing field through its innovative platform-driven PBM solution,” said Ravi Ika, President & CEO of RxAdvance.